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Target CEO Defends Pro-Transgender Policy, Stocks Crash Down Another $2 Billion

"We're going to continue to embrace our belief in diversity and inclusion, just how important that is to our company," CEO Brian Cornell said in a May 11 appearance on CNBC's "Squawk Box" business show. "But we're also going to make sure our focus on safety is unwavering," he added.

To mollify the public angered by his removal of single-sex restrooms and changing rooms, the company will add family bathrooms to all of its stores, he said.

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