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During 2Q16, $AVGO's Wireless revenue came in at $792MM, representing 22% of total revenue. The company saw a decline in demand from large North American smartphone customers, including the anticipated impact of seasonal product lifecycle-related reduction in shipments. This was partially offset by an increase in shipments to an Asian handset OEM.
$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.