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$AAPL's gross margin for 2Q16 fell to 39.4% from 40.8% last year. This decline was due primarily to the effect of weakness in foreign currencies relative to the U.S. dollar and unfavorable leverage on fixed costs from lower net sales. The company anticipates gross margin during 3Q16 to be 37.5-38% range.
$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.