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$HAS said its cash totaled $924MM at 2Q16-end. The company generated $585MM in cash over the past 12 months. Absent the impact of ForEx, receivables increased approx. 3% versus the 12% revenue growth absent FX. DSO decreased 8 days to 72 days, driven by the timing of revenue and collections in 2Q16, as well as the bad debt provision took in 1Q16.
$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.