Johnson & Johnson (JNJ) and Merck (MRK) are cutting jobs in China amid growing competition from domestic rivals, Bloomberg reported Wednesday, citing people familiar with the matter.
Johnson & Johnson and Merck did not immediately reply to requests for comment from MT Newswires.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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