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$MCY reported that The Superior Court has remanded the matter to the California Department of Insurance with directions to vacate the Commissioner's Order and enter a new order consistent with the Superior Court's findings. The financial statement recognition of the reversal of the $27.6MM penalty and related interest is yet to be determined.
$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.