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$DE, which earlier this month agreed to acquire Precision Planting farm equipment business from $MON, expects 1Q16 sales to be down about 11% versus 1Q15. This includes about 2 points of price realization and about 4 points of unfavorable currency translations. For 2016, $DE expects cash flow to be over $2.5Bil and effective tax rate to be 34-36%.
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.