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Patrick McKeever of MKM Partners asks about promotions. $BIG said inventory was well managed in 2Q16, particularly in the seasonal categories, and this helped to take some promotional actions that replaced some of the clearance volume. The company tests different options and the response rates are better for some options than others.
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.