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$IFF 2Q15 Q&A: Sison of KeyBanc Capital asked to talk about some headwinds that took away some of the operating leverage in Flavors. Alison answered that biggest impact in terms of offsetting profitability bottom line was increasing incentive compensation. Has intangible impacts at $1.2MM offset by productivity and cost control initiatives.
$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.