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The world's biggest hamburger chain $MCD reported a 9% decline in 2Q16 earnings due to non-cash impairment charges related to ongoing refranchising, general and administrative initiatives and headquarters relocation. Net income fell to $1.09Bil or $1.25 per share from $1.2Bil or $1.26 per share last year. Revenues slid 4% to $6.27Bil.
$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.