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Erinn Murphy of Piper Jaffray asks about the sales shortfall and outerwear shipments. $GIII said about 60-65% of the miss was on the outerwear shipping. The company ships significant amount of volume in its wholesale business every quarter in the last weeks of the quarter. $GIII was not able to ship as per expectations.
$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?