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For 1Q16, $NOV expects Rig Aftermarket revenues to decline in the mid to upper teens percent range. In Wellbore Technologies, $NOV expects revenues to fall 8-10% with decremental margins in the 40% range. In Completion & Production Solutions, revenues are expected to fall by approx. 15% and revenue out of backlog will fall to $350-370MM.
$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.