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$HSY 2Q15 Call: Adjusted gross margins increased 130BP in the second quarter driven by net price realization and supply chain productivity and cost savings initiatives. For the full year, we continue to expect that gross margin will increase 135BP to 145BP, driven by price realization.
$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.