NEW YORK: US stocks closed little changed on Friday after a jury’s verdict against Merck & Co, a Dow component, sent the drugmaker’s shares down 7.7%, which offset gains in blue-chip International Business Machines Corp and Caterpillar Inc.
A Texas jury ruled that Merck was negligent in the death of a man who took its painkiller Vioxx. Merck said it planned to appeal the verdict.
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