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Susan Maklari of UBS asks about $KBH's performance in the West. CEO Jeffrey Mezger said $KBH is seeing continued strength along the Coast, both North and South. The inland area sold well and had good momentum. In the Bay area, $KBH is transitioning out of old communities, opening new ones and expects to have community count growth in 3Q16.
$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.