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Merck Shares Soar After Announcing More Job Cuts
Tuesday, October 1, 2013 - 2:28pm | 404Drugmaker Merck & Co. (NYSE: MRK) saw shares rise 2.5 percent in afternoon trading as it announced 8,500 job cuts and touted savings of $2.5 billion as part of a global initiative “to sharpen its commercial and research and development focus.” Merck CEO Kenneth C. Frazier said in a news...