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For 1Q16, $FLS' gross profit fell by $23.7MM, or 7.1% vs. 1Q15. Gross profit margin of 32.5% fell from 32.7% for 1Q15. The decrease in gross profit margin was mainly due to the negative impact of decreased sales on $FLS' absorption of fixed manufacturing costs and lower margin projects that shipped from backlog.
$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.