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For Jackups, $ESV's post adjustment of uncontracted rigs and planned downtime, operational utilization fell to 99.8% from 99.1% a year ago. Contract drilling expenses declined 19% YoverY to $160MM in the third quarter. The decline was partly due to lower compensation as well as repair and maintenance expenses.
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.