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Jeff Stein from Northcoast Research asks about the estimate of the cash impact on store closings & if it's part of the non-cash asset impairment & other charges of $249MM. $M said most of the $249MM is non-cash & is related to asset impairment. There will be severance charges, but typically the bigger number is impairment charge on store closures.
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.