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$BWA 2Q15 PR: Gross Profit for the quarter was $429MM compared to $473MM in second quarter last year and operating income for the quarter was $243MM compared to $281MM in second quarter of last year. Excluding the $20MM pretax impact of restructuring expense, operating income was $262MM, or 12.9% of net sales, down from 13.5% in second quarter 2014
$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.