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$FCX expects capital expenditures for 2016 of about $3.4Bil, including $1.4Bil for major projects at mining operations and $1.5Bil for oil and gas operations, and excluding $0.6Bil in idle rig costs. Operating cash flows are expected to be about $3.4Bil (net of $0.6Bil in idle rig costs).
Biodefense therapeutics firm $PIP announced an all-stock merger with biotech Altimmune. The respective boards of the two companies unanimously approved the merger.
$YHOO is reporting today after market close. Nobody cares about this stock.