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Ben Bienvenu of Stephens Inc. asks about US merchandise gross profit. $CST said it is pleased with the gross profit improvement in US and Canada and this is mainly due to the shift towards the New-to-Industry stores and the larger store formats. Pricing and mix shift also led to the improvement. $CST will focus on GM and sales going forward.
$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?