A Flood Watch and a Winter Storm Watch are out for the entire region late Tuesday through early Thursday. Heavy rain develops Tuesday night into Wednesday morning and may put down 1”-3” in some areas. Arctic air pushes in from west to east on Wednesday with heavy sleet and snow taking over. That setup could produce several inches of accumulation. Snow will slowly end from west to east Thursday as bitterly cold air continues to push in.
WHITEHOUSE STATION, N.J. (AP) - Merck & Co. has agreed to pay $688 million to settle two lawsuits brought by investors who alleged the drugmaker delayed releasing bad news on its blockbuster cholesterol drugs to prevent a drop in sales.
Merck and then-partner Schering-Plough, which it later acquired, had repeatedly delayed disclosing results of a study called ENHANCE on the effectiveness of its pills Vytorin and Zetia.
When Merck in early 2008 finally released study results showing the pricey drugs didn't work better than an inexpensive generic pill, Merck stock tumbled, causing big losses for investors.
Merck, which is based in Whitehouse Station, N.J., says it agreed to the settlement because it's in the best interest of the company and current shareholders. It admits no wrongdoing.
The agreement must be approved by a court.
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