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Property and casualty insurer $CINF reported a rise in 1Q16 earnings driven by higher contribution from property casualty underwriting and rise in net realized investment gains. Net income rose to $188MM or $1.13 per share from $128MM or $0.77 per share last year. Operating EPS before catastrophe losses increased to $1.02 from $0.76.
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.