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$PXD's horizontal rig count in the Eagle Ford Shale was reduced from six rigs in 2015 to zero rigs by the end of 1Q16 given current commodity prices that continue to adversely affect well returns. The company plans to spend $60MM of capital in 2016 to complete 18 Eagle Ford Shale wells. No wells are scheduled to be drilled on dry gas acreage.
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.