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Merck

81.31

+1.992.51%

Volume:10.05M

Turnover:814.57M

Market Cap:204.16B

PE:11.82

High:81.88

Open:79.34

Low:79.33

Close:79.32

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Overview Company News Filings

Trump Renews Push for Most-Favored-Nation Drug Pricing. What It All Means. -- Barrons.com

Trump says he'll sign executive order to lower prescription-drug prices

Trump To Sign Executive Order To Cut Prices Of Medicine To Match Other Countries

Dow's 115-Point Rally Highlighted By Gains In Chevron, Boeing Stocks

Merck & Co. Inc. Stock Underperforms Thursday When Compared To Competitors

Top Midday Stories: Trump Announces New Trade Deal with UK; Warner Bros. Discovery Moving Toward Company Split

MT Newswires Live

BUZZ-U.S. STOCKS ON THE MOVE-Tapestry, Carvana, PPG Industries

Ema: PRAC Agreed That Suicidal Ideation Should Be Included as a Side Effect of Finasteride Tablets

THOMSON REUTERS

Merck Sets $895 Million Animal-Health Investment in Kansas

2 Beaten-Down Stocks That Are Great Buys on the Dip

BUZZ-U.S. STOCKS ON THE MOVE-Intel, Occidental Petroleum, Kenvue

Merck Animal Health, Kansas Governor Announce $895 Million Investment in Manufacturing Facility

MT Newswires Live

Merck Animal Health, Kansas Governor Announce $895 Million Expansion of Manufacturing Facility

MT Newswires Live

BRIEF-Merck Animal Health And State Of Kansas Announce $895 Million Investment In Manufacturing And Research & Development Facilities In De Soto

Merck Animal Health announces $895 million investment in Kansas

Merck & Co Inc - Project to Create 2,500 Construction Jobs, 200 Full-Time Roles

THOMSON REUTERS

Merck Animal Health and State of Kansas Announce $895 Million Investment in Manufacturing and Research & Development Facilities in De Soto

THOMSON REUTERS

Merck & Co Inc - Commercial Manufacturing Expected to Begin in 2030

THOMSON REUTERS

BUZZ-US drugmakers fall on report of Trump plan to lower drug prices

Gilead boosts planned US investments by $11 billion amid tariff threat

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He said he planned to sign the executive order at 9 a.m. on Monday.The announcement is a reversal from his 2024 campaign, which walked back the drug pricing proposal, much to the pharmaceutical industry's relief.Drug stocks are likely to be newly pressured by Trump's order. In recent years, the drug industry had been upset with President Joe Biden's drug-price negotiation program, which allows Medicare to pay less for certain medicines.Here's what to know about most-favored-nation pricing, and what it would mean for d","market":"other","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":"c9e628fb2f527a7d2d08c7330b62dc5b","theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["LU2552382215.SGD","LU0096364046.USD","LU1974910355.USD","LU1093756168.USD","LU1548497426.USD","LU2112291526.USD","IE00BN8TJ469.HKD","BMY","LU0965508806.USD","LU0912757837.SGD","LU1935042991.SGD","LU0345769128.USD","LU1059921491.USD","SG9999017495.SGD","IE00BVYPNV92.GBP","LU0823416689.USD","LU1718418525.SGD","LU0672654240.SGD","BK4007","IE0002270589.USD","IE00BK4W5M84.HKD","LU0058720904.USD","LU0640476718.USD","LU0208291251.USD","LU2602419157.SGD","SG9999003800.SGD","LU1941712348.USD","LU0170899867.USD","LU1934455194.USD","LU1116320901.HKD","LU1868836591.USD","LU1035775433.USD","LU2360106947.USD","MRK","LU0882574139.USD","LU1066051225.USD","LU2125154935.USD","LU1934455277.USD","LU0965509010.AUD","LU1868837300.USD","BK4504","LU0795875169.SGD","IE00B7SZLL34.SGD","BK4592","LU2592432038.USD","JNJ","LU2129689514.USD"],"gpt_icon":1},{"id":"2534533212","title":"Trump says he'll sign executive order to lower prescription-drug prices","url":"https://stock-news.laohu8.com/highlight/detail?id=2534533212","media":"Dow Jones","labels":["policyRegulatory"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2534533212?lang=en_us&edition=fundamental","pubTime":"2025-05-12 07:19","pubTimestamp":1747005540,"startTime":"0","endTime":"0","summary":"President Donald Trump on Sunday said he will sign an executive order to slash prescription-drug prices.In a post on his Truth Social platform, Trump said the order, which will be signed at 9 a.m. Monday, will institute a \"most favored nation\" policy where the U.S. will pay the same price for prescription drugs and pharmaceuticals \"as the nation that pays the lowest price anywhere in the world.\". Trump claimed his order will \"almost immediately\" reduce prescription drug and pharmaceutical prices by 30% to 80%. Americans pay an average of about three times more for prescription drugs than do customers in other countries, a 2024 report found.The post did not specify details on how the order would be carried out, or whether it will be limited to Medicare and Medicaid drug prices. Trump said the plan will save the U.S. trillions of dollars.The plan could hit pharmaceutical companies hard, severely undercutting their revenues.Pharmaceutical stocks like Johnson & Johnson , Merck , Eli Lilly ","market":"sg","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":"613df4b61bc3692be0fcc4204cdfad36","theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"policyRegulatory","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["IE0002141913.USD","LLY","BK4516","IE00BBT3K403.USD","IE00BVYPNW00.USD","LU0029864427.USD","JNJ","LU2357305700.SGD","SGXZ51526630.SGD","LU2112291526.USD","LU2361045086.USD","MRK","LU1674673691.USD","SG9999002232.USD","LU0708994859.HKD","LU1093756325.SGD","LU0949170772.SGD","LU1093756168.USD","LU1868836591.USD","LU1032466523.USD","LU1974910355.USD","IE00BJT1NW94.SGD","LU2750360641.GBP","ABBV","IE00BJLML261.HKD","LU1506573853.SGD","LU0310799852.SGD","LU2361044865.SGD","LU1035773651.USD","LU0466842654.USD","LU2129689431.USD","LU0109391861.USD","LU1244550494.USD","LU1074936037.SGD","BK4550","LU1267930573.SGD","SG9999015952.SGD","LU1162221912.USD","LU2264538146.SGD","LU0211327993.USD","SG9999014898.SGD","IE00B42XCP33.USD","IE00BLSP4239.USD","LU1057294990.SGD","LU1066051225.USD","IE00BK4W5L77.USD","LU2430703178.SGD","LU2347655156.SGD","SG9999015358.SGD","LU0203345920.USD"],"gpt_icon":1},{"id":"1147449394","title":"Trump To Sign Executive Order To Cut Prices Of Medicine To Match Other Countries","url":"https://stock-news.laohu8.com/highlight/detail?id=1147449394","media":"Reuters","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1147449394?lang=en_us&edition=fundamental","pubTime":"2025-05-12 07:13","pubTimestamp":1747005222,"startTime":"0","endTime":"0","summary":"U.S. President Donald Trump said on Sunday he would sign an executive order to cut prescription prices to the level paid by other high-income countries, an amount he put at 30% to 80% less.In a post on Truth Social, Trump said he would sign the executive order on Monday morning to pursue what is known as \"most favored nation\" pricing or international reference pricing.Keep up with the latest medical breakthroughs and healthcare trends with the Reuters Health Rounds newsletter. Sign up here.The U","market":"us","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":"613df4b61bc3692be0fcc4204cdfad36","theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":true,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["NVAX","MRNA","JNJ","PFE","LLY","NVO","NVS","MRK"],"gpt_icon":1},{"id":"2534335824","title":"Dow's 115-Point Rally Highlighted By Gains In Chevron, Boeing Stocks","url":"https://stock-news.laohu8.com/highlight/detail?id=2534335824","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2534335824?lang=en_us&edition=fundamental","pubTime":"2025-05-09 22:09","pubTimestamp":1746799740,"startTime":"0","endTime":"0","summary":"This article was automatically generated by MarketWatch using technology from Automated Insights.The Dow Jones Industrial Average is climbing Friday morning with shares of Chevron and Boeing delivering the strongest returns for the price-weighted average.The Dow  was most recently trading 115 points  higher, as shares of Chevron  and Boeing  are contributing to the index's intraday rally.Chevron's shares are up $1.57, or 1.2%, while those of Boeing are up $2.14, or 1.1%, combining for a roughly 23-point boost for the Dow.Goldman Sachs , Apple , and Merck  are also contributing significantly to the gain.A $1 move in any of the index's 30 components results in a 6.15-point swing.Data source: Dow Jones Market Data, FactSet. Data compiled May 9, 2025.This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.","market":"other","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":[".DJI","DOG","LU0053666078.USD","LU0719512351.SGD","IE000KEQY171.SGD","LU0096364046.USD","IE00B1XK9C88.USD","LU1668664300.SGD","LU1917777945.USD","BK4554","MYMmain","LU2213496289.HKD","LU1989771016.USD","IE00B7KXQ091.USD","SDOW","SG9999015945.SGD","LU0784385840.USD","IE00B19Z8X17.USD","BA","LU1069347547.HKD","LU2237443465.HKD","BK4559","IE00B5949003.HKD","LU0640476718.USD","CVX","LU2065170008.USD","LU1232071149.USD","DDM","LU1066051811.HKD","DJX","SG9999015986.USD","IE00B4YYXB79.USD","MRK","LU0511384066.AUD","LU0061475181.USD","LU2361044865.SGD","LU2242650005.HKD","IE00B775SV38.USD","MACW.SI","BK4515","LU2236285917.USD","LU2543165471.USD","LU1280957306.USD","LU2505996509.AUD","UDOW","LU2087621335.USD","LU1629891620.HKD","LU0345769631.USD","DXD"],"gpt_icon":1},{"id":"2534116434","title":"Merck & Co. Inc. Stock Underperforms Thursday When Compared To Competitors","url":"https://stock-news.laohu8.com/highlight/detail?id=2534116434","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2534116434?lang=en_us&edition=fundamental","pubTime":"2025-05-09 04:34","pubTimestamp":1746736440,"startTime":"0","endTime":"0","summary":"This article was automatically generated by MarketWatch using technology from Automated Insights.Shares of Merck & Co. Inc.  slid 1.86% to $77.65 Thursday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index  rising 0.58% to 5,663.94 and the Dow Jones Industrial Average  rising 0.62% to 41,368.45.Merck & Co. Inc. closed 42.32% short of its 52-week high of $134.63, which the company achieved on June 25th.The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Johnson & Johnson  fell 1.04% to $155.66, Pfizer Inc.  rose 0.79% to $22.97, and Eli Lilly & Co.  fell 3.25% to $751.45.Data source: Dow Jones Market Data, FactSet. Data compiled May 8, 2025.This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.","market":"other","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["rate"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["MRK"],"gpt_icon":0},{"id":"2534156897","title":"Top Midday Stories: Trump Announces New Trade Deal with UK; Warner Bros. Discovery Moving Toward Company Split","url":"https://stock-news.laohu8.com/highlight/detail?id=2534156897","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2534156897?lang=en_us&edition=fundamental","pubTime":"2025-05-09 00:00","pubTimestamp":1746720024,"startTime":"0","endTime":"0","summary":"All three major US stock indexes were up during midday trading Thursday after President Donald Trump announced a formal trade agreement with the UK.Trump announced a new trade deal with the UK on Thur","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["LU1934455194.USD","LU2023250843.SGD","LU0240877869.USD","LU1989773731.SGD","LU1571399168.USD","IE00BN8TJ469.HKD","LU0082616367.USD","LU2023250504.SGD","IE00BLSP4239.USD","SG9999015341.SGD","SG9999001440.SGD","WBD","LU1093756168.USD","LU1935043536.SGD","LU2324357040.USD","LU0965508806.USD","LU1691799644.USD","LU0058720904.USD","IE00BSNM7G36.USD","BK4585","LU1989772923.USD","LU1023059063.AUD","LU1989772840.SGD","LU1941712264.USD","LU0861579265.USD","LU1066053197.SGD","LU1037948541.HKD","BK4007","LU1989763005.USD","LU2112291526.USD","LU2361045086.USD","SG9999001176.SGD","WDAY","LU0719512351.SGD","IE00B2B36J28.USD","LU1035773651.USD","SG9999014542.SGD","MTCH","03160","LU1066051811.HKD","LU0006306889.USD","IE00B1BXHZ80.USD","LU0211331839.USD","MRK","LU2326559502.SGD","LU0965509283.SGD","LU1235294995.USD","LU1974910355.USD","TM"],"gpt_icon":1},{"id":"2533153718","title":"BUZZ-U.S. STOCKS ON THE MOVE-Tapestry, Carvana, PPG Industries","url":"https://stock-news.laohu8.com/highlight/detail?id=2533153718","media":"Reuters","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2533153718?lang=en_us&edition=fundamental","pubTime":"2025-05-08 23:56","pubTimestamp":1746719813,"startTime":"0","endTime":"0","summary":"BUZZ-U.S. STOCKS ON THE MOVE-Tapestry, Carvana, PPG IndustriesEikon search string for individual stock moves: STXBZThe Day Ahead newsletter: https://refini.tv/3LI4BU7The Morning News Call newsletter: ","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250508:nL6N3RG0MS:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["HAL","TLN","MRK","AHL","TPR","NTLA","COP","WVE","KVUE","SNDK","APA","DNUT","SYM","XOM","PPG","GILD","XGN","APPN","AXON","PLNT","EVRG","NVAX","XRAY","JCI","JOBY","CVNA","BMY","NXST","CODI","CVX","CLF","VTRS","ENOV","ROK","HWM","TAP","MPC","AVAH","PTON"],"gpt_icon":1},{"id":"2533133508","title":"Ema: PRAC Agreed That Suicidal Ideation Should Be Included as a Side Effect of Finasteride Tablets","url":"https://stock-news.laohu8.com/highlight/detail?id=2533133508","media":"THOMSON REUTERS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2533133508?lang=en_us&edition=fundamental","pubTime":"2025-05-08 21:22","pubTimestamp":1746710570,"startTime":"0","endTime":"0","summary":null,"market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250508:nFWN3RG4SQ:2","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"reuters_en_live","symbols":["IE00BFTCPJ56.SGD","LU0965509010.AUD","IE000M9KFDE8.USD","BK4516","IE00B2B36J28.USD","IE00BLSP4239.USD","BK4559","LU0266013472.USD","LU1941712264.USD","SGXZ57979304.SGD","LU1989772840.SGD","IE00BLSP4452.SGD","LU1066053197.SGD","IE00B1BXHZ80.USD","LU0070302665.USD","SG9999015341.SGD","LU0203345920.USD","LU0211331839.USD","BK4550","BK4588","LU0965509283.SGD","LU0965508806.USD","IE0009355771.USD","LU0006306889.USD","LU1093756325.SGD","LU2106854487.HKD","LU0203347892.USD","IE00BSNM7G36.USD","LU1934455277.USD","LU2361045086.USD","LU0289739699.SGD","LU1037948897.HKD","LU1934455194.USD","LU1585245621.USD","LU0320765489.SGD","LU1974910355.USD","SG9999014542.SGD","LU1061106388.HKD","LU1917777945.USD","LU1699723380.USD","LU1430594728.SGD","LU1989771016.USD","SG9999001176.USD","LU1162221912.USD","LU0265550359.USD","LU2461242641.AUD","LU1066051811.HKD","SG9999002232.USD","MRK","IE00BBT3K403.USD"],"gpt_icon":0},{"id":"2533138025","title":"Merck Sets $895 Million Animal-Health Investment in Kansas","url":"https://stock-news.laohu8.com/highlight/detail?id=2533138025","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2533138025?lang=en_us&edition=fundamental","pubTime":"2025-05-08 21:17","pubTimestamp":1746710220,"startTime":"0","endTime":"0","summary":"Merck & Co. plans to invest $895 million to expand its animal-health operations in De Soto, Kan.Merck on Thursday said the move includes an $860 million investment in its existing biologics manufacturing facility, along with a $35 million investment in its research-and-development laboratories.The Rahway, N.J., drug maker said the 200,000-square-foot manufacturing facility project will expand filling and freeze dryer capacity for large molecule vaccines and biologic products for its Merck Animal Health unit, which accounted for roughly 10% of the company's first-quarter sales of more than $15.5 billion.Merck said site preparation and facility design will start immediately, creating 2,500 construction jobs, with commercial manufacturing slated to begin in 2030, creating more than 200 full-time roles.","market":"sg","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["LU1941712264.USD","LU2361045086.USD","BK4533","LU2361044949.HKD","SG9999001176.SGD","SG9999014542.SGD","LU1989771016.USD","LU1929549753.HKD","IE00BJT1NW94.SGD","LU0289739699.SGD","LU1061106388.HKD","IE00BJJMRZ35.SGD","LU1934455194.USD","LU2023250504.SGD","SGXZ57979304.SGD","IE00B4R5TH58.HKD","LU1037948541.HKD","LU2324357040.USD","LU0106261372.USD","LU1116320901.HKD","LU1037948897.HKD","BK4550","LU0861579265.USD","LU1989772840.SGD","LU1093756325.SGD","SG9999002232.USD","SG9999013999.USD","BK4588","LU0070302665.USD","LU0266013472.USD","LU1057294990.SGD","LU1974910355.USD","IE00B1BXHZ80.USD","LU1934455277.USD","LU1983299246.USD","LU2361044865.SGD","LU2023250843.SGD","IE00B2B36J28.USD","IE0009355771.USD","MRK","SG9999002224.SGD","LU0320765646.SGD","LU1934455863.HKD","BK4585","LU1989772923.USD","BK4534","BK4559","IE00BFTCPJ56.SGD","LU0965509101.SGD","LU1941712348.USD"],"gpt_icon":0},{"id":"2533138783","title":"2 Beaten-Down Stocks That Are Great Buys on the Dip","url":"https://stock-news.laohu8.com/highlight/detail?id=2533138783","media":"Motley Fool","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2533138783?lang=en_us&edition=fundamental","pubTime":"2025-05-08 21:12","pubTimestamp":1746709920,"startTime":"0","endTime":"0","summary":"Amazon was struggling before mixed second-quarter results, but it has several attractive growth opportunities.Mounting competition for Keytruda doesn't significantly alter Merck's long-term 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Animal Health, Kansas Governor Announce $895 Million Investment in Manufacturing Facility","url":"https://stock-news.laohu8.com/highlight/detail?id=2533185786","media":"MT Newswires Live","labels":["corporation"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2533185786?lang=en_us&edition=fundamental","pubTime":"2025-05-08 19:27","pubTimestamp":1746703674,"startTime":"0","endTime":"0","summary":"Merck unit  Merck Animal Health and Kansas Governor Laura Kelly jointly announced Thursday an $895 million expansion of the company's manufacturing facility in De Soto, Kansas.The expansion includes an $860 million investment in the site's existing manufacturing facility and an additional $35 million investment in research and development laboratories, the company 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boosts planned US investments by $11 billion amid tariff threat","url":"https://stock-news.laohu8.com/highlight/detail?id=2533968552","media":"Reuters","labels":["corporation"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2533968552?lang=en_us&edition=fundamental","pubTime":"2025-05-08 03:03","pubTimestamp":1746644592,"startTime":"0","endTime":"0","summary":"UPDATE 2-Gilead boosts planned US investments by $11 billion amid tariff threatAdds background on tariffs in paragraph 6, details on Gilead's investments in paragraphs 7 and 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