Diamonds and Dogs
Extended Stay America (STAY) getting bought out. The hotel operator is up 13% to a one year high after agreeing to be bought out by Blackstone Group and Starwood Capital Group. Extended Stay, which specializes in economy temporary housing for healthcare professionals, proved stronger than its peers.
The Eli Lilly (LLY) is lower by 8% following drug data for their Alzheimer's drug. The drug did slow the progression of the disease. More data and studies will continue, but unfortunately the Alzheimer drug will not get regulatory approval any time soon.
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