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Brad Thomas of KeyBanc Capital asks about GM outlook for 2H16. $BIG said it has good plans in place for inventory management. There has been good performance in some of the markdown sensitive categories which is expected to continue into the fall. $BIG expects GM to be up in 3Q16 and slightly up in 4Q16.
$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?