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Joseph Greff of JP Morgan asks about the interest expense decrease in 1Q16 and cash balances in Macau. CEO Stephen Wynn replies the decrease was all related to capitalized interest. $WYNN took the opportunity to capitalize $25MM of interest that should have been capitalized last year. Cash balances in Macau were $865MM.
$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.
Well this is big! I don’t know if it’s someone’s monopoly or genuine excitement, but either way, $CSX is up 23% after market closed. I heard some activist investor is going to blow big money into CSX Corp. Anyone mind explaining?