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Merck boosts Dow, Amazon prime members get a new perk, ADM to buy pet food producer

Here are some of the stocks the Yahoo Finance team will be watching for you today.

Dow component Merck (MRK) shares jumped in early trading after the drugmaker said late Tuesday that the Food and Drug Administration agreed to a speedy review of its application to combine its lung cancer treatment with chemotherapy. This could potentially give Merck an edge over competitors, such as Roche, Bristol-Myers Squibb (BMY) and AstraZeneca (AZN), which are developing similar therapies.

Amazon (AMZN) announced that its prime members are getting another perk.
The e-commerce giant will be offering a new credit card that can be used at just about any retailer and offers 5% back on all Amazon.com purchases, plus no annual fee.

Signet Jewelers (SIG) shares fell in early trading. The retailer cut its profit and same-store sales outlook for the fourth quarter after reporting disappointing sales for the holiday season

Archer Daniels Midland (ADM) is buying pet food producer Crosswind Industries. The terms of the deal were not disclosed. This comes after candy maker Mars said Monday it was buying pet health care company VCA (WOOF) in a deal valued at around $7.7 billion.

Ford (F) reaffirmed late Tuesday that 2017 will be a less profitable than 2016 but expects earnings to improve in 2018. The automaker also declared a special dividend of $0.05 a share. That’s in addition to its regular quarterly dividend of $0.25 per share.