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In 2Q16, $EXPE's hotel revenue grew 14% on a room night growth of 20%. Avg. daily rates declined less than 1% and revenue per room night decreased by about 5%. Air tickets were up 45% and rental car days were up 36%. Advertising and media revenue grew 42% with solid performance for trivago and the Media Solutions group.
$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?