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Oil and gas company $KMI announced a reduction of $4.1Bil in its project backlog in 1Q16. The two biggest adjustments are the removal of the Palmetto Pipeline project which is a reduction of $550MM and the market portion of the Northeast Energy Direct (NED) project which is a reduction of $3.1Bil.
$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?