The dome of the Capitol is reflected in a puddle in Washington February 17, 2012.REUTERS/Kevin Lamarque

Another debt ceiling debacle could sink the economy

Last year's Congressional debt standoff hurt consumer confidence more than the collapse of Lehman Brothers, Betsey Johnson and Justin Wolfers write. This time could be worse.  Read more at Counterparties  

Merck obesity drug shows weight loss in study

NEW YORK | Mon Mar 31, 2008 10:36am EDT

NEW YORK (Reuters) - Merck & Co said on Monday that patients on its experimental obesity drug lost more than twice as much weight as those on a placebo in a late-stage clinical study.

Patients on taranabant lost an average of 14.5 pounds (6.6 kilograms) compared with 5.7 lbs (2.6 kg) for those on a placebo after 52 weeks -- a difference deemed statistically significant, Merck said in a statement.

The findings were presented at the American College of Cardiology conference in Chicago.

(Reporting by Lewis Krauskopf, editing by Gerald E. McCormick)

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