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Erinn Murphy of Piper Jaffray asks about the details of exiting 25% of North American wholesale doors. $COH said that regarding 2017, guidance for the Coach brand is unchanged, except for the impact of North America wholesale. The company expects this impact to be about a point to sales growth, which most significantly will be in 1Q17.
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.