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Maker of industrial products $DOV said that 1Q16 gross profit fell $37.9MM, or 6%, in connection with the declining revenues. Gross profit margin dipped 30 BP mainly due to revenue declines in those businesses with historically higher margin contributions. This was due to an unfavorable product mix.
$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.