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Merck loses bid to revive $200 million Gilead verdict at U.S. high court

The U.S. Supreme Court on Monday handed a defeat to Merck & Co by refusing to hear its appeal of a ruling that it had dishonestly obtained patent rights and could not collect a $200 million verdict against rival drugmaker Gilead Sciences Inc in a dispute involving blockbuster hepatitis C drugs.

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Wall Street financial firms plan new exchange to challenge NYSE, Nasdaq

A group of financial services firms, including Morgan Stanley , Fidelity Investments and Citadel Securities LLC, have agreed to jointly launch a new low-cost bourse that will rival Intercontinental Exchange Inc’s the New York Stock Exchange and Nasdaq Inc , the companies said in a joint statement on Monday.

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U.S. Commerce chief: Good settlement with China seen on immediate trade issues – CNBC

The United States and China are likely to reach a good settlement over immediate trade issues while an agreement on structural trade issues and enforcement will be harder, U.S. Secretary of State Wilbur Ross said on Monday as U.S.-China trade talks resumed.

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