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On Feb. 12, 2015, the Venezuelan government replaced SICAD 2 with a new FX market mechanism, SIMADI. $GIS expects to be able to access US dollars through the SIMADI market. SIMADI has significantly higher FX rates than those available through other FX mechanisms. As of Aug. 30, 2015, $GIS had $0.4MM of non-US dollar cash balances in Venezuela.
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.