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$SJM said Consumer Foods net sales declined 3% for 2016, mostly due to lapping sales from the divested canned milk business. Segment profit was flat to prior year, supported by the gain on the milk business sale, which offset planned increases in manufacturing overhead costs.
$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.