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Merck Higher Despite Trump Bashing

By Insider Scoop
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Courtesy of Benzinga.

Merck & Co., Inc. (NYSE: MRK) shares are trading higher by 38 cents at $62.76 in Monday’s session.

The stock is up despite negative comments about drug pricing from President Donald Trump, after Merck’s CEO resigned from Trump’s manufacturing council.

See Also: A CEO Who’s Who Of Trump’s Manufacturing Council

CEO Ken Frazier was disappointed by the commander-in-chief’s reaction to the racial violence that took place over the weekend in Charlottesville, Virginia.

After a higher open, in sympathy with the broad market, Merck’s stock had a brief decline to $62.61 before coming back to make a new high for the session at $63.00. That high coincides with Friday’s high of $62.96 and is just shy of its August 7 high ($63.09).

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