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Exclusive: JPMorgan in talks to lead Lyft's IPO - sources

JPMorgan Chase & Co is in talks about leading Lyft Inc's upcoming initial public offering as an underwriter, after rivals Goldman Sachs Group Inc and Morgan Stanley decided not to pursue such a role out of loyalty to another IPO hopeful, Lyft's larger competitor Uber Technologies Inc, according to people familiar with the matter.

Merck's Frazier to remain CEO beyond 2019

Merck & Co Inc's Kenneth Frazier will stay on as chief executive beyond 2019, the drugmaker said on Wednesday, after it scrapped a policy requiring its CEO to retire at the age of 65.

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