Merck CEO Warns About Price Controls and 2 Dow Movers to Follow

JPMorgan Chase & Co. (NYSE:JPM) Co-Chief Operating Officer and Chief Executive Officer of Chase Mortgage Banking Frank Bisignano issued a statement saying that, “We share Governor Cuomo’s urgency in helping our neighbors recover from Superstorm Sandy. We have been working closely with our customers so they can get back on their feet. We have a number of programs to help with hardships.”

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Merck & Co. (NYSE:MRK) Chief Executive Ken Frazier has warned about the potential for price controls that could stifle innovation and eliminate the economic incentive to invest in research and development as Democrats consider using Medicare to negotiate lower drug prices as part of a deficit solution, according to The Financial Times.

Verizon Communications (NYSE:VZ) is constant in its resistance to providing adult film companies information that might identify some of its customers who allegedly engaged in online piracy, says TorrentFreak. Actually, Verizon has gone farther this week by telling a court in Texas that the copyright holders suing for information have chosen to “pursue a scheme which, if not illegal, is at a minimum of a type to which the courts should not lend their powers and support.”

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