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$ARG 1Q16 Q&A: Merkel of William Blair asked about the cadence of sales in 1Q16. Michael, answered that relative to cadence, it was fairly steady April through June, no significant upticks or downticks. Relative to sales, July month-to-date, similar to 1Q16 in Distribution with roughly flat YoverY with gas outperforming hardgoods.
$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?