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Banking and financial services holding company $JPM said 1Q16 results included $773MM of wholesale credit costs. Of this $529MM related to oil and gas reserves and $162MM related to metals and mining reserves, which were in line with the company's guidance. $JPM stated it experienced some charge-offs in these sectors in 1Q16 totaling $48MM.
$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?