Markets Were Ready to Break Records. Maybe Not Now.: Verizon Communications Inc. (VZ),

Finally, shares of Merck & Co., Inc. (NYSE:MRK) rebounded today after the company announced that it had cut a deal with Samsung Bioepis to produce biosimilars, which are essentially generic versions of biologic drugs. Merck recently blamed generic-drug manufacturers for the company’s poor performance, so this move will hopefully help the company fight its competitors on their own turf. Merck’s stock price rose 1.04% today, making it the best performing Dow component of the day.

The article Markets Were Ready to Break Records. Maybe Not Now. originally appeared on Fool.com and is written by Matt Thalman.

Fool contributor Matt Thalman has no position in any stocks mentioned. Follow Matt on Twitter: @mthalman5513. The Motley Fool has no position in any of the stocks mentioned.

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