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Discount retailer $TGT's 1Q16 sales fell 5.4% versus 1Q15 due to the Dec. 2015 sale of the pharmacy and clinic businesses. Comparable sales grew 1.2%, driven by traffic growth of 0.3% and a 0.9% growth in average transaction amount. Digital channel comp sales grew 23% in the quarter.
$WBA is yet to receive US anti-trust clearance for its Rite Aid acquisition. The deadline for the deal expires on January 27.
$BMY plunge 7.2%. No credits to the non-acceleration of approval for lung cancer combination treatment.
Well this is big! I don’t know if it’s someone’s monopoly or genuine excitement, but either way, $CSX is up 23% after market closed. I heard some activist investor is going to blow big money into CSX Corp. Anyone mind explaining?