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Dan Eggers of Credit Suisse asks about bonus appreciation. $DUK said the company would expect to get about $7Bil of additional deductions from the extension, translating to about $2.73Bil of reduced taxes. Only $1Bil of that is going be within the planning horizon. So it's back-end loaded for the company looking at the corporate level.
$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?