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After leaving the Administration, Holder made millions representing corporations like Merck and MBNA. He met Obama six years ago at a Washington dinner party and later advised the then Illinois Senator's office. Obama tapped him, along with Caroline Kennedy, to head his vice-presidential search committee last summer, a process that apparently deepened the candidate's trust in Holder. When Obama called to offer the Attorney General job in late November, the issue of independence arose immediately. Obama made clear he was looking for someone to represent the rule of law, not his political interests, a point Holder stressed...

Author: /time Magazine | Title: The Prosecutor | 2/5/2009 | See Source »

...seek out overly expensive brand-name drugs from doctors. Their symptoms might not require such medications, and when they do, cheaper generic drugs may be available. Such marketing probably drives up overall health-care costs. More important, new drugs that are aggressively marketed can pose a safety risk. Merck's heavy promotion of pain reliever Vioxx - look at Dorothy Hamill skating without any strain! - is a prime example of advertising gone awry. The drug was later taken off the market after it was found to increase risk for heart attacks...

Author: /time Magazine | Title: Are Direct-to-Consumer Drug Ads Doomed? | 2/4/2009 | See Source »

...research organizations. But people who sat in on the panel - which was not open to the general public - said that researchers and lawmakers discussed why and how to improve U.S. research and development, as well as the link between innovation and prosperity. Attendees included high-level representatives of Intel, Merck, the American Chemical Society, the Association of American Universities and the National Academy of Engineering...

Author: /time Magazine | Title: Democrats Vow to Push a Science Agenda | 12/16/2008 | See Source »

...Commission report based on evidence collected during January raids at the headquarters to some of the world's biggest drug companies, including U.S. companies Pfizer and Johnson & Johnson, Britain's GlaxoSmithKline, Anglo-Swedish giant AstraZeneca, and Sanofi-Aventis of France. The other companies known to be raided were Wyeth, Merck, Bayer Schering Pharma and Roche, as well as generic firms Teva and Sandoz...

Author: /time Magazine | Title: Big Pharma Faces a Crackdown in Europe | 11/28/2008 | See Source »

...Germany has safeguarded its core commercial banks from foreign raiders, the Postbank, a large retail bank with no corporate lending or investment banking activities, could end up in foreign hands. "Postbank is the last chance for anyone who wants get into the German commercial banking market," said Becker, the Merck Finck analyst...

Author: /time Magazine | Title: The German Merger Against the Odds | 9/1/2008 | See Source »

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