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$POM 1Q15 10-Q: On Feb. 26, 2015, District of Columbia FY15 Budget Support Act of 2014 became law, effective Jan. 1, 2015. Law revised apportionment methodology for corporate tax and included phase-down of corporate tax rate from 9.975% to 8.25% by FY19. Change in law required Pepco to re-measure net deferred tax liabilities in 1Q15.
$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?