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$M 2Q15 Q&A: Boss of JPMorgan asked if consumer spending in department store category is more in 0-1% comp run rate vs. maybe 2-3 historical thought process. Karen answered that company sees opportunities of generating more sales from consumers. It is getting harder. There is lot of competition for the dollar in categories other than what M sells.
$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.