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Fashion specialty retailer $JWN reported lower 1Q16 earnings, mainly driven by lower than expected sales and higher markdowns to better align inventory to current trends. Net earnings were $46MM or $0.26 per diluted share compared to net earnings of $128MM or $0.66 per diluted share in 1Q15. Net sales rose 2.5% to $3.2Bil 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.