Drug Sector Drags Stocks Down
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U.S. stocks fell on Friday dragged  down by a string of negative reports from drug makers, with  Pfizer Inc. PFE.N, AstraZeneca Plc. AZN.L and Eli Lilly and  Co. LLY.N delivering bad news about key products.
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NEW YORK Merck led blue-chip stocks lower Thursday as the No. 2 US drug maker reduced its profit forecast after withdrawing its Vioxx painkiller.
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Stocks inched lower on Friday,  pressured by a sharp drop in Pfizer Inc. PFE.N after the drug  maker said patients in a study showed an increased risk of  heart attacks after taking its popular Celebrex drug.
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U.S. blue chips fell on Thursday after  drug company Merck & Co.MRK.N said it was withdrawing its key  arthritis drug Vioxx, while relentless oil prices floated back  to $50 a barrel.
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U.S. stocks edged lower on Thursday,   dragged down by drug store shares after Wal-Mart Stores Inc.   WMT.N announced it was slashing prices of generic drugs in   Florida.
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U.S. stocks fell on Friday hurt by a  string of negative reports from top drug makers and as oil  prices climbed nearly $2 a barrel.
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NEW YORK - Investors sent stocks mostly lower Thursday after Merck & Co. said it would be forced to remove its best-selling Vioxx arthritis drug from the market due to serious health risks...
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Stocks declined Monday, the last day of a volatile and difficult year on Wall Street.
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European stock markets fell strongly in early trading, weighed down by Wall Street's poor end to last week, with pharmaceuticals particularly vulnerable.
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The U.S. Dow Jones Industrial average  declined on Thursday after drug maker Merck & Co.MRK.N  recalled its widely sold Vioxx painkiller and its stock sunk 27  percent.
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US stocks fell as setbacks for drugmakers, including a study showing Pfizer Inc.&#39;s Celebrex painkiller increased the risk of heart attacks, sent health-care shares tumbling.
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The Dow Jones Industrial Average dropped after Merck &amp; Co. withdrew the Vioxx painkiller and retracted its third-quarter profit forecast.
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Stocks dropped on Friday as investors tempered optimism that the economy may avoid recession, and they locked in profits on banking and pharmaceutical shares after two days of sharp gains.
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Generic drug wars and speculation on who will head Merck &amp; Co. next started to turn drug makers&#39; stocks around after the sector&#39;s benchmark index fell 4 percent and hit a 52-week low last week.
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European equity markets were lower on Monday, but off their worst levels as heavyweight oil and pharma stocks partially offset losses for financial and mining stocks.
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U.S. stocks looked to open lower on  Thursday after drug company Merck & Co.MRK.N said it was  withdrawing a key drug, sending Dow Jones industrial futures  tumbling and dragging the broader market down as well.
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In New York, the blue-chip Dow Jones average fell on Thursday after drug maker Merck &amp; Co withdrew its widely used Vioxx painkiller after evidence showed the drug could increase risk of heart attack and stroke.