Sector Specialist

Aug 20, 2026 · bearish

(https://www.cnbc.com/2026/08/20/merck-is-finding-more-ways-to-boost-its-shares-morgan-stanley-says.html) on the strength of its cancer drug pipeline coming online post-Keytruda. But pipeline depth doesn't equal revenue replacement—especially when you're racing a patent cliff on your largest franchise.

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