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$A's net cash inflow from operating activities was $104MM for 1Q16 compared to $20MM a year ago. In the quarter, the company paid approx. $47MM under its variable and incentive pay programs versus $39MM paid out during 1Q16. Net cash paid for income taxes was approx. $37MM and $73MM in 1Q16 and 1Q15, respectively.
$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.