Merck Acquires Cidara Therapeutics for $9.2 Billion

In a strategic move to address the impending patent expiration of its blockbuster cancer drug Keytruda, Merck & Co. has announced the acquisition of Cidara Therapeutics Inc. for approximately $9.2 billion. The pharmaceutical giant will pay $221.50 per share in cash—more than double Cidara’s Thursday closing price—through a tender offer, signaling a significant investment in diversifying its therapeutic pipeline beyond oncology.

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Pharma Investment Surge: Policy Clarity & Innovation Drive Growth

Pharmaceutical companies are experiencing renewed investor interest driven by strong drug pipelines and reduced regulatory risks. The sector benefits from aging global populations and clearer U.S. drug pricing policies that enhance long-term outlook. Leading innovators like Eli Lilly and Merck are at the forefront of this resurgence, with targeted investment vehicles like the PPH ETF providing access to these top performers.

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3 Income ETFs to Offset Social Security Shortfalls

As Social Security’s purchasing power continues to erode against persistent inflation above the Federal Reserve’s 2% target, millions of Americans face retirement income gaps that demand strategic solutions. A carefully selected mix of income ETFs offers a practical approach to bridge this shortfall, combining reliable cash flow from both equity dividends and fixed-income stability. Three specific funds—SCHD, VYM, and AGG—provide diversified exposure to help retirees fortify their income streams against Social Security deficiencies.

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SCHD ETF Sentiment Turns Negative as Investors Sour

The Schwab US Dividend Equity ETF (SCHD), once a darling of income investors managing $72 billion in assets, is facing growing criticism from its shareholder base. October has marked a significant shift in sentiment as investors question the fund’s recent performance, with social media platforms revealing mounting frustration over the ETF’s stagnant returns compared to broader market indices like the Nasdaq’s 19% year-to-date gain.

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Pfizer Avoids Tariffs, Cuts Drug Prices in Trump Deal

In a landmark move that sent shockwaves through global pharmaceutical markets, Pfizer has secured a crucial agreement with the Trump administration to avoid tariffs by committing to lower drug prices for American consumers. The deal, which includes a massive $70 billion domestic investment pledge, represents a significant victory for the pharmaceutical giant and sets a new precedent for industry pricing strategies. With competitors Eli Lilly and Merck expected to follow suit, this development signals a fundamental shift in how pharmaceutical companies navigate trade policy while addressing public pressure over medication costs.

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Copper Surges on Trump Tariffs, Merck Buys Verona for $10B

Copper prices surged after former President Trump announced 50% tariffs, though market participants await further details on affected goods. In a major pharma deal, Merck agreed to acquire Verona Pharma for approximately $10B, likely driven by the impending patent expiration of Merck’s top-selling cancer drug. Separately, Linda Yaccarino announced her departure as CEO of X (formerly Twitter) after two years. Genco CEO Wobensmith joined Bloomberg Open Interest to discuss how tariffs could reshape global trade dynamics.

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