On Monday, Shares of Merck & Co. Inc. (NYSE:MRK), lost -0.73% to $56.99.
Merck & Co., known as MSD outside the United States and Canada, declared that the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA) has adopted a positive opinion recommending approval of the investigational antibiotic ZERBAXA™ (ceftolozane and tazobactam) for the treatment of the following infections in adults: complicated intra-abdominal infections, acute pyelonephritis, and complicated urinary tract infections.
The CHMP positive opinion will be reviewed by the European Commission. If the European Commission affirms the CHMP opinion, it will grant a centralized marketing authorization with unified labeling that is valid in the 28 countries that are members of the European Union, in addition to European Economic Area members, Iceland, Liechtenstein and Norway.
Merck & Co., Inc. provides health care solutions worldwide. The company offer therapeutic and preventive agents to treat cardiovascular, type 2 diabetes, asthma, nasal allergy symptoms, allergic rhinitis, chronic hepatitis C virus, HIV-1 infection, fungal infections, intra-abdominal infections, hypertension, arthritis and pain, inflammatory, osteoporosis, male pattern hair loss, and fertility diseases.
Shares of MetLife, Inc. (NYSE:MET), declined -0.98% to $55.60, during its last trading session.
MetLife declared its Guaranteed Income Builder℠ deferred income annuity is now accessible as a qualifying longevity annuity contract (QLAC) for individual clients. Guaranteed Income Builder provides a pension-like stream of income for life, assisting to address a top concern of recently’s retirees: running out of money in retirement. By using Guaranteed Income Builder as a QLAC, clients now have the flexibility to defer a portion of their required minimum distributions (RMDs) from their qualified IRA to a later date.
“In 2016, the first of the stepped down Baby Boomers are set to start taking their RMDs,” said Elizabeth Forget, executive vice president of MetLife Retail Retirement & Wealth Solutions. “Even though RMD rules require that individuals start taking distributions from IRAs once they reach age 70½, not everyone will need these funds at that stage in their life. In fact, many Boomers will enhance their taxable income when taking RMDs at age 70½, because they are required to take these funds or face a penaltyi. By using Guaranteed Income Builder as a QLAC, clients can defer income payments until their chosen start date, which can be as late as age 85.”
MetLife, Inc. provides life insurance, annuities, employee benefits, and asset administration products in the United States, Japan, Latin America, Asia, Europe, and the Middle East. It operates in six segments: Retail; Group, Voluntary & Worksite Benefits; Corporate Benefit Funding; Latin America; Asia; and Europe, the Middle East and Africa.
Finally, Perfect World Co., Ltd. (NASDAQ:PWRD), ended its last trade with 0.15% gain, and closed at $19.82.
Perfect World declared that, at an extraordinary general meeting held recently, the Company’s shareholders voted in favor of the proposal to authorize and approve the formerly declared agreement and plan of merger dated April 26, 2015 (the “Merger Agreement”), among the Company, Perfect Peony Holding Company Limited (“Parent”) and Perfect World Merger Company Limited, following which, Merger Sub will be merged with and into the Company with the Company ongoing as the surviving corporation and becoming a wholly owned partner of Parent, and the plan of merger required to be filed with the Registrar of Companies of the Cayman Islands and the transactions contemplated thereby, counting the Merger.
About 98.0% of the total votes voted in person or by proxy at today’s meeting were in favor of the proposal to authorize and approve the Merger Agreement, the Plan of Merger and the transactions contemplated thereby, counting the Merger.
Perfect World Co., Ltd., through its auxiliaries, engages in the research, development, operation, and licensing of online games in the People’s Republic of China, the United States, Europe, Japan, Southeast Asia, and South Korea. The company develops online games based on its proprietary game engines and development platforms.
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