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$URI said that its lean initiatives are on track to reach an annual run rate of $100MM in savings by year-end. In 1Q16, capital spending was down by two-thirds versus last year. The company reaffirmed its $1.2Bil CapEx target for the full year.
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.