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Railroad operator $NSC reported a decline in 2Q16 earnings due to a 10% drop in revenues, hurt by reduced volumes and lower fuel surcharge revenues. Net income slid to $405MM or $1.36 per share from $433MM or $1.41 per share last year. Total railway operating revenues fell to $2.45Bil from $2.71Bil. overall volume dropped 7% to 1.8MM units.
$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.