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During 1Q16, $ESS said that in Northern California, the City Council in San Jose has amended the existing rent stabilization ordinance to lower the maximum rent increase on renewals to 5% from 8%. This ordinance contains a provision to bank or accumulate up to 8% of potential rent increases to be used when market rent increases are below 5%.
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.