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Glenview, Illinois-based infant formula maker $MJN said that it continued to make strong investments, especially in China. The company said it is making progress with Enfamil products, which accounted for 45% of sales in Mainland China for 1Q16. In addition, investment in advertising and promotion represented 15.8% of sales for 1Q16.
$YHOO is reporting today after market close. Nobody cares about this stock.
$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.