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Guy Moszkowski of Autonomous Research asks for an update on the Fixed income business. $MS said the plan was to build a fixed income business which was relevant to clients and supported the other businesses. The YTD performance is around $2.1-2.2Bil, which is in line with the revenue footprint. The company is seeing good progress overall.
$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.