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Brian Nowak with Morgan Stanley asks about performance marketing and the drivers of incremental pressure. $PCLN said the company has typically tried to shy away from that. Some of the pressure is competitive pressure with scale players like Expedia being able to be more aggressive in the market as their operational execution has improved.
$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.