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For 2016, $TAP expects pension expense of approx. $17MM, down from $40MM in 2015. CapEx is expected to be approx. $300MM, up from $269MM in 2015, helped by planned supply chain projects in Canada. The company expect MG&A expense in corporate to be approx. $120MM, including additional investments behind global commercial efforts.
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.