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Dara Mohsenian from Morgan Stanley asks about the sustainability of the SG&A leverage going forward and the drivers for it. $PEP said it's absolutely sustainable and the company is able to continue to drive that. The company also said the drivers for this is significant investment in streamlining supply chain and secondly, smart spending.
$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.