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Wednesday, October 30, 2019

McKesson margin pressure weighs on competitors

Drug wholesalers AmerisourceBergen (ABC -3.1%) and Cardinal Health (CAH -2.5%) are under modest pressure on below-average volume on the heels of McKesson’s fiscal Q2 results that included a 14 basis point drop in operating margin in its U.S. pharma business, signaling that pricing headwinds continue to dog the industry. McKesson is down 8% on average volume.

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