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During 2015, energy company $PPL recorded $24MM of deferred income tax expense related to deferred tax valuation allowances. $PPL recorded state deferred income tax expense of $12MM primarily related to increased Pennsylvania net operating loss carryforwards expected to be unutilized and $12MM of federal deferred income tax expense.
$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?