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Merck quarterly net income drops $887 million
Merck’s generally accepted accounting principals net income for the second quarter was $906 million, down from $1.79 billion in the same period last year, according to a company news release.Patent expirations and poor foreign exchange rates are partially responsible for Merck’s sales for the period falling to $11 billion, down 11% from $12.3 billion in the same quarter last year, the release said.