The following article by Sylvan Lane was posted on the Hill website August 14, 2017:
Stock prices for Merck & Co. jumped Monday morning shortly after the pharmaceutical company’s CEO announced he’d step down from a council advising President Trump, citing the president’s response to the violence at a white supremacist rally in Charlottesville, Va.
Merck’s stock price rose roughly 1 percent, its biggest jump in nearly in a month, following chairman and CEO Kenneth Frazier’s announcement that he would leave Trump’s American Manufacturing Council.
Trump blasted Frazier on Twitter soon after the announcement, saying the CEO “will have more time to LOWER RIPOFF DRUG PRICES!” Continue reading “Merck stock spikes after CEO leaves Trump council”