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$CNP's effective tax rate for 2015 rose to 38.8% from 31% in the previous year. The higher effective tax rate of 38.8% is primarily due to lower earnings from the impairment of its investment in Enable Midstream Partners. The impairment loss reduced the deferred tax liability on its investment in Enable.
$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?