underperforms as Sanofi is trading -6.2% after missing and guiding down (Astrazeneca also -0.50% on relatively inline numbers). On the Macro front, European PMI Manufacturing tt's were out this morning as well: Eurozone 50.3 (est 50.1), Germany 50.7 (est 50.3), France 49.7 (est 49.8), UK 54.6 (est 52.8), Italy 50.4 (est 49.7),