amerisourcebergen independent pharmacy
I mean, you can go and pick up your generic prescription and pay a $5 co-pay in most cases and get access to a professional at your independent pharmacy. It is somewhat difficult to manage. It looks like your guidance for your fourth quarter. We're very pleased with the progress in biosimilars. Reconciliations of these measures to GAAP are provided in today's press release and are also available on our website at investor.amerisourcebergen.com. And it's there is some discussion in Washington that this is just from the reading I do and different calls that we are on and that parts of PPE and maybe even API are essential security infrastructure needs of the company of the country.
ThoughtSpot is an annual conference and trade show hosted by Good Neighbor Pharmacy and AmerisourceBergen for independent community pharmacies and long-term care pharmacies. In closing, I continue to take great pride in being part of AmerisourceBergen, and I'm inspired by the commitment, sincerity and focus on execution that are embedded in AmerisourceBergen's culture. In March 2016 Walgreens Boots Alliance Inc. announced it would exercise an option to purchase 22.7 million shares of AmerisourceBergen stock and thereby control 15% of the company.ThoughtSpot is a four-day trade show put on by Good Neighbor Pharmacy held in or around July in Las Vegas aimed for and limited to community and independent pharmacies.In December 2019, Michigan became the first state to sue AmerisourceBergen and three other opioid distributors as drug dealers for their role in the state's opioid crisis.AmerisourceBergen: The biggest Pennsylvania company you never heard of, by David Sell, Philadelphia Inquirer, July 15, 2012 Independent pharmacies have supported patients while maintaining the highest level of customer service.
So it's a good example of the resiliency of the U.S. healthcare system, the way that we have such strong community practices.
So we know that independent pharmacists have some headwinds, but we're working well with them. It was yes, the yes, there's been some talks about bringing onshore manufacturing of generic APIs, etc?Okay, sorry. We have posted a slide presentation to accompany today's press release on our investor website.During this conference call, we will make forward-looking statements about our business and financial expectations on an adjusted non-GAAP basis, including, but not limited to, earnings per share, operating income and income taxes.
I mean, we've always said, I think we said many years when the Affordable Care Act was implemented that we maybe saw we thought it might have accounted for a 1% to 2%, at the most, impact on script volumes because there's no doubt that having insurance coverage is important for patients. I will say that you were breaking up there on the telecom.
Steve, thanks for the question. Net interest expense increased $2 million to $38 million, primarily due to a decrease in interest income, resulting principally from a decline in investment interest rates.Given the current interest rate environment, we expect our fourth quarter net interest expense to be in line with the third quarter. And that's been very important. And if there are, then it would have to be done through a statute. And then within your assets and the PSAO, do you offer any tools for offsetting, particularly the cash discount card pressure?So if you look at Eric, hi. AmerisourceBergen is a market leader in pharmaceutical distribution handling about 20% of all of the pharmaceuticals sold and distributed throughout the country and ranked 10th on the AmerisourceBergen was formed in 2001 following the merger of AmeriSource Health Corporation and Bergen Brunswig Corporation.David Yost was CEO of Amerisource prior to the merger and remained in the position after the companies merged.AmerisourceBergen has 26 pharmaceutical distribution centers in the US, nine distribution centers in Canada, four specialty distribution centers in the US, and over 1 million square feet of packaging production capacity in the US and the UK. Thanks.And the next question comes from Eric Coldwell with Baird.Thanks very much. This is Jim. Any updates there that you could provide us with.
And I don't know if it's maybe a little too early to start thinking about your 2021 but the moving as we go into 2021 quarter better-than-anticipated. AmerisourceBergen believes that independent community pharmacies are uniquely positioned to positively impact patient outcomes. Customers value the service. 10 years ago, I must say then people would pharmacists weren't as interested in the 90-day scripts. He got his start in independent pharmacy at age 16 as a delivery driver, and went on to learn every aspect of ownership while attending the University of La Verne and USC School of Pharmacy. During the June quarter, we saw MWI's companion animals business rebound very well as vet visits normalized. You hear that there could be emergency-use authorization for the first candidate for healthcare workers. On the distribution side, we have been working closely with our provider customers as they take the necessary actions to improve operability.
So strength in July has been good. It was, as I said in the prepared remarks, about $9 million in the June quarter, about $18 million expected in the fourth quarter and $35 million for the fiscal year. And so and overall, just seeing positive trends at World Courier that like our other businesses, I mean, we saw good growth in June, and it's continued in July.And the next question comes from Charles Rhyee with Cowen.Yeah, hi thanks for taking the questions. But the fundamentals for the business are very strong, good market. So they're not typically AmerisourceBergen customers, and they would access products through their vet their med-surg distributor often. Good Neighbor Pharmacy works with your pharmacy to simplify your business operations, amplify your brand and protect your independence, while giving you more time to provide your patients the personalized care they deserve. And thanks for taking my question. Turning now to operating income.
[Operator Instructions]Thank you, Bennett, and good morning to everyone on today's call.
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amerisourcebergen independent pharmacy
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