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Kristen Stewart of Deutsche Bank asks for an update on capital deployment. CFO Karen Parkhill said the highest best use of its capital is to grow the intrinsic value of $MDT through reinvestment. She also stated that the company focuses on shareholder returns through dividends and share repurchases. $MDT also has a $5Bil commitment from FY16-FY18.
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.