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$EQR said in New York, 2016 deliveries will carry over into 2017 lease-ups. The company is already expecting a more elevated pipeline of new products scheduled for delivery in both 2017 and 2018. The concern is that these elevated levels of supply, mainly private and fee managers, to elevate upfront move-in concessions beginning in 4Q16.
$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.