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Brett Levy of Deutsche Bank asks for an update on structural margins. $MCD said in 2Q16, margins grew 30BP in the US with 1.8% comp sales. $MCD was able to effectively manage restaurant profitability in 2Q16. The company believes it will be able to return to high margin levels in the US 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.