HALISTER: Merck Raises Year View as 3Q Beats, Keytruda, Remicade Miss

Merck Raises Year View as 3Q Beats, Keytruda, Remicade Miss

(Bloomberg) -- Merck & Co. 3Q adj EPS $1.07, est. 99c (range 95c-$1.05); includes 4c-share benefit on timing of shipments in Japan ahead of a resource planning system Merck is implementing in 4Q.
  • 3Q rev. $10.5b, est. $10.17b (range $9.85b-$10.49b); includes estimated benefit of $150m of additional sales on Japan shipments timing
    • Januvia/Janumet $1.55b, est. $1.62b
    • Zetia/Vytorin $944m
    • Gardasil/Gardasil 9 $860m
    • Proquad/MMR II/Varivax $496m
    • Keytruda $356m, est. $371.4m
    • Isentress $372m, est. $332m
    • Remicade $311m, est. $318.3m; notes declines on European biosimilar competition
  • Sees 2016 adj EPS $3.71-$3.78, saw $3.67-$3.77 (July 29), est. $3.75 (range $3.68-$3.79)
  • Sees 2016 rev. $39.7b-$40.2b, saw $39.1b-$40.1b (July 29), est. $39.66b (range $39.18b-$40.08b)
  • Call 8am 877-381-5782, pw 8756137; preview
Statement: NSN OFLN70MEQTXI
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
MRK US (Merck & Co Inc)
JNJ US (Johnson & Johnson)
4508 JP (Mitsubishi Tanabe Pharma Corp)
CSL AU (CSL Ltd)

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UUID: 7947283

(2) *U.K. GOVT APPROVES THIRD RUNWAY AT HEATHROW, GATWICK LOSES OUT

*U.K. GOVT APPROVES THIRD RUNWAY AT HEATHROW, GATWICK LOSES OUT

--LUKAS STROBL
Alerts: HALISTER, HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
IAG LN (International Consolidated Airlines Group SA)
8226864Z LN (FGP TopCo Ltd)
FER SM (Ferrovial SA)
0754910D GU (IVY Guernsey Holdings LP)

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UUID: 7947283

HALISTER1: Swiss Regulator Said to See Bank Mergers as Remedy for Scandals

Swiss Regulator Said to See Bank Mergers as Remedy for Scandals

Alert: HALISTER1
Source: BN (Bloomberg News)

Tickers
0206021D MK (1Malaysia Development Bhd)

People
Mark Branson (Eidgenossische Finanzmarktaufsicht FINMA)
Vinzenz Mathys (Eidgenossische Finanzmarktaufsicht Finma)

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UUID: 7947283

(2) *DUPONT 3Q OPER EPS 34C, EST. 21C; BOOSTS YR OPER EPS VIEW

*DUPONT 3Q OPER EPS 34C, EST. 21C; BOOSTS YR OPER EPS VIEW

Alerts: HALISTER, HALISTER1
Source: BN (Bloomberg News)

Tickers
DD US (EI du Pont de Nemours & Co)

People
Edward Breen (EI du Pont de Nemours & Co)

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UUID: 7947283

HALISTER1: Taiwan Regulator Reiterates Anti-Money Laundering Measures

Taiwan Regulator Reiterates Anti-Money Laundering Measures

(Bloomberg) -- Measures include reviewing financial institutions’ regulatory compliance, Financial Supervisory Commission says in statement on its website.
  • To provide employee trainings to enhance awareness: statement
Link to Statement:Link
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283

(2) *U.S. SAID TO BE PREPARING CHARGES, SEIZURES RELATED TO PDVSA

*U.S. SAID TO BE PREPARING CHARGES, SEIZURES RELATED TO PDVSA

--JEFFREY GROCOTT
Alerts: HALISTER, HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
C US (Citigroup Inc)
GE US (General Electric Co)
PDVSA VC (Petroleos de Venezuela SA)
WFC US (Wells Fargo & Co)
JPM US (JPMorgan Chase & Co)

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UUID: 7947283