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Gregg Gilbert of Deutsche Bank asks about normalized run rate without wholesaler buying patterns. $LLY said on the animal health side, it had a SAP cutover in the US business which impacted 2Q16. Normalizing this, 2Q16 revenues grew 2% YoverY. YTD, excluding this, the 4% sales growth would normalize to 3%.
$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.