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$PNRA 2Q15 Call: Food inflation was about 60 BPs, in line with expectations. Eggs represent a small percentage of total food cost. Since 1Q15, cost outlook on items such as dairy and produce has improved modestly. Food and paper cost inflation expected to be approx. 1-1.5% for the full year.
$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.