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$MS said in 1Q16 it has continued to see pressure on the energy complex and has seen some credit migration and some bankruptcies. The company's loan loss provision on its held for investment portfolio of $127MM in the quarter was predominantly against its energy portfolio. $MS added that its energy exposure was down about $1Bil from 4Q15.
$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?