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Paul Trussell of Deutsche Bank asks for an update on gross margin. $JCP CFO Ed Record said clearance was up for 1Q16, but the overpenetration in clearance was predominantly hit on margin. He added that the predominant reason for lowering margin guidance is around appliances rolling out and the impact it's going to have in 3Q16 and 4Q16 on margins.
$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?