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$HBI expects 2016 EPS to be in the range of $1.85-1.91, a 11-15% growth over 2015. This guidance includes assumptions like interest and other expense to be $115-120MM, tax rate to be 10-11% and share repurchase amount to be similar to last year. Cash flow from operations is expected to be approx. $750-850MM in 2016.
$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.