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164-516: The Merck Group , branded and commonly known as Merck , is a German multinational science and technology company headquartered in Darmstadt , with about 60,000 employees and a presence in 66 countries. The group includes around 250 companies; the main company is Merck KGaA in Germany. The company is divided into three business lines: Healthcare, Life Sciences and Electronics. Merck was founded in 1668 and

328-471: A pervasive cult of personality around Adolf Hitler to influence public opinion. The government controlled artistic expression, promoting specific art forms and banning or discouraging others. Genocide , mass murder , and large-scale forced labour became hallmarks of the regime; the implementation of the regime's racial policies culminated in the Holocaust . After the initial success of German invasion of

492-766: A basis in a national ethos , being ultimate without a specific nationhood, and that this lack of an ethos appears in their ways of operating as they enter into contracts with countries that have low human rights or environmental standards . In the world economy facilitated by multinational corporations, capital will increasingly be able to play workers, communities, and nations off against one another as they demand tax, regulation and wage concessions while threatening to move. In other words, increased mobility of multinational corporations benefits capital while workers and communities lose. Some negative outcomes generated by multinational corporations include increased inequality , unemployment , and wage stagnation . Raymond Vernon presents

656-485: A communist uprising. The Reichstag Fire Decree , imposed on 28 February 1933, rescinded most civil liberties, including rights of assembly and freedom of the press. The decree also allowed the police to detain people indefinitely without charges. The legislation was accompanied by a propaganda campaign that led to public support for the measure. Violent suppression of communists by the SA was undertaken nationwide and 4,000 members of

820-498: A corporation invests in a country in which it is not domiciled, it is called foreign direct investment (FDI). Countries may place restrictions on direct investment; for example, China has historically required partnerships with local firms or special approval for certain types of investments by foreigners, although some of these restrictions were eased in 2019. Similarly, the United States Committee on Foreign Investment in

984-429: A free market system where there is little government interference. As a result, international wealth is maximized with free exchange of goods and services. To many economic liberals, multinational corporations are the vanguard of the liberal order. They are the embodiment par excellence of the liberal ideal of an interdependent world economy. They have taken the integration of national economies beyond trade and money to

1148-564: A massive secret rearmament program , forming the Wehrmacht (armed forces). The return to economic stability boosted the regime's popularity. Germany made increasingly aggressive territorial demands, threatening war if they were not met. Germany seized Austria in the Anschluss of 1938, and demanded and received the Sudetenland region of Czechoslovakia. Germany signed a non-aggression pact with

1312-461: A member of an American branch of the Merck family, repurchased the stock in 1919. It is known as MSD ( Merck Sharp and Dohme ) outside of North America. The original Merck of Darmstadt holds the rights to the name Merck in all countries except the U.S. and Canada, where it is known as EMD ( Emanuel Merck, Darmstadt ), and the life science business specifically is known as MilliporeSigma. In 2015 Merck adopted

1476-487: A million troops to help, and by February 1991, Iraqi forces were expelled from Kuwait. Due to the oil boycott from Kuwait and Iran, oil prices rose and quickly recovered. Saudi Arabia once again led OPEC, and thanks to assistance in defending Kuwait, new relations emerged between the USA and OPEC. Operation "Desert Storm" brought mutual dependence among the main oil producers. OPEC continued to influence global oil prices but recognized

1640-576: A new Immunotherapy with potential in various difficult-to-treat cancers. In 2020, Merck launched partnership with Pechoin in China to develop "high-tech herbal" skincare products . The life science business of Merck, formerly known as Merck Millipore, was created in July 2010 following the completed acquisition of the US company Millipore. It employs around 19,000 people in 66 countries and runs 65 manufacturing sites and uses

1804-463: A new visitor center at its Darmstadt site in the early 2010s. By 2015 the site's pyramid had been torn down as part of the renovations. In April 2017, the company announced it had completed the acquisition of food safety testing company, BioControl Systems Inc. In August of the same year the company announced the acquisition of Natrix Separations for an undisclosed sum. In April 2019, Merck announced it would acquire Versum Materials . The acquisition

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1968-640: A non-aggression pact with Poland. In March 1939, Hitler demanded the return of the Free City of Danzig and the Polish Corridor , a strip of land that separated East Prussia from the rest of Germany. The British announced they would come to the aid of Poland if it was attacked. Hitler, believing the British would not take action, ordered an invasion plan should be readied for September 1939. On 23 May, Hitler described to his generals his overall plan of not only seizing

2132-469: A protectorate of France under the condition that its residents would later decide by referendum which country to join, and Poland became a separate nation and was given access to the sea by the creation of the Polish Corridor , which separated Prussia from the rest of Germany, while Danzig was made a free city . Germany regained control of the Saarland through a referendum held in 1935 and annexed Austria in

2296-656: A public tender offer for the remaining shares starting in November 2006. The combined company has an R&D budget of approximately $ 1.1 billion and sales of approximately $ 4.6 billion. Its approximately $ 2 billion in sales of biologics would make it seventh among pharmaceutical/biotech companies. The new entity, Merck Serono , began operations in 2007. Merck KGaA established its philanthropic foundation in 2008 called Merck Foundation. Rasha Kelej currently serves as its CEO. In 2010, Merck took over Billerica (MA) based Millipore Corporation for EUR 5.3 billion (US$ 7.2 billion). It

2460-411: A research grant of €1,000,000 ($ 1.1 million) every year through the next 35 years, to motivate innovation in areas that could solve humanity's most pressing issues. Multinational corporation Most of the current largest and most influential companies are publicly traded multinational corporations, including Forbes Global 2000 companies. The history of multinational corporations began with

2624-459: A second national anthem. Germany was still in a dire economic situation, as six million people were unemployed and the balance of trade deficit was daunting. Using deficit spending , public works projects were undertaken beginning in 1934, creating 1.7 million new jobs by the end of that year alone. Average wages began to rise. The SA leadership continued to apply pressure for greater political and military power. In response, Hitler used

2788-688: A substantial minority of Germans, who lived mostly in the Sudetenland . Under pressure from separatist groups within the Sudeten German Party , the Czechoslovak government offered economic concessions to the region. Hitler decided not just to incorporate the Sudetenland into the Reich, but to destroy the country of Czechoslovakia entirely. The Nazis undertook a propaganda campaign to try to generate support for an invasion. Top German military leaders opposed

2952-549: A supported offer for Schering and Merck decided to drop out of the bidding for the company. Schering is not to be confused with Schering-Plough which was once part of Schering AG but was acquired by Merck & Co. in 2009. In September 2006 the company announced a takeover bid of $ 13.2 billion for Serono SA, Switzerland's largest biotech firm. The deal included a buy-out of the Bertarelli family's 64.5% stake in Serono to be followed by

3116-617: A thousand people (out of a population of around 16,000) committed suicide in Demmin around 1 May 1945 as the 65th Army of 2nd Belorussian Front first broke into a distillery and then rampaged through the town, committing mass rapes, arbitrarily executing civilians, and setting fire to buildings. High numbers of suicides took place in many other locations, including Neubrandenburg (600 dead), Stolp in Pommern (1,000 dead), and Berlin, where at least 7,057 people committed suicide in 1945. Estimates of

3280-522: A uniform brand identity for all its subsidiaries, and the company has stressed its intention to protect the brand of "the real Merck" globally and initiated litigation against its former subsidiary over use of the name. In 2018, the company celebrated their 350th anniversary. Merck has formed a strategic alliance with the Technische Universität Darmstadt , which is located in the same town as Merck. The roots of Merck reach back as far as

3444-872: A war fought on two fronts. The invasion conquered a huge area, including the Baltic states, Belarus , and west Ukraine . After the successful Battle of Smolensk in September 1941, Hitler ordered Army Group Centre to halt its advance to Moscow and temporarily divert its Panzer groups to aid in the encirclement of Leningrad and Kyiv . This pause provided the Red Army with an opportunity to mobilise fresh reserves. The Moscow offensive, which resumed in October 1941, ended disastrously in December . On 7 December 1941, Japan attacked Pearl Harbor , Hawaii. Four days later, Germany declared war on

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3608-504: A war of conquest to obtain more territory. The Saarland , which had been placed under League of Nations supervision for 15 years at the end of World War I, voted in January 1935 to become part of Germany. In March 1935, Hitler announced the creation of an air force, and that the Reichswehr would be increased to 550,000 men. Britain agreed to Germany building a naval fleet with the signing of

3772-439: Is considering options for its consumer-health division, including a potential full or partial sale, or strategic partnership. An equity analyst estimated the unit could command a purchase price of €1.8 billion to €2.7 billion from a full sale. In December Reuters reported that both Nestlé and private equity owners of Stada were preparing bids for Merck's consumer health group. Days later, Reuters again reported that Perrigo

3936-495: Is effective in the treatment of the rare genetic disorder PKU , however Merck is moving away from genetics into cancer treatment , immunology and neurology . In October, it was announced that Karl-Ludwig Kley , CEO of Merck since April 2007, would retire in April 2016, and be succeeded by Stefan Oschmann , who has been a member of the executive board since 2011. The company started building new facilities for its R&D operations and

4100-454: Is now Merck's life science business unit. With the acquisition of Millipore, Merck is consolidating its US holdings and shutting down the Gibbstown facility and warehouse. Gibbstown operations will be transferred to the new Philadelphia office and Millipore headquarters. Merck Korea received the "Leading Investor Award" at the 5th Korea-EU Industrial Cooperation Day in 2011. In December 2013,

4264-410: Is often handled through international arbitration . The actions of multinational corporations are strongly supported by economic liberalism and free market system in a globalized international society. According to the economic realist view, individuals act in rational ways to maximize their self-interest and therefore, when individuals act rationally, markets are created and they function best in

4428-593: Is the legal successor of the original Merck and retains the rights to the name "Merck" in all countries except the U.S. and Canada, it is sometimes known as the "German Merck" or "Merck Darmstadt" in North America. The company was formerly also referred to as "E. Merck" (Emanuel Merck). In the years of the Nazi rule , the company was led by Karl Emanuel Merck who became a member of the Nazi Party in 1933 and subsequently received

4592-424: Is the sole legal successor of the original Merck and retains the rights to the trademark "Merck" in all countries except the U.S. and Canada, where "EMD" brand is mostly used (it was introduced alongside Merck's 2001 logo). In recent branding campaigns, the company has referred to itself as "the original Merck" and "the real Merck". The company was legally known as E. Merck oHG until 1995, when Merck KGaA became

4756-563: Is the world's oldest operating chemical and pharmaceutical company, as well as one of the largest pharmaceutical companies globally. Merck operates in Europe , Africa , Asia , Oceania and the Americas . It has major research and development centres in Darmstadt , Boston , Tokyo and Beijing , as well as other Research and Development units in Taiwan , France , Israel , South Korea , India , and

4920-865: Is usually a large corporation incorporated in one country that produces or sells goods or services in various countries. Two common characteristics shared by MNCs are their large size and centrally controlled worldwide activities. MNCs may gain from their global presence in a variety of ways. First of all, MNCs can benefit from the economy of scale by spreading R&D expenditures and advertising costs over their global sales, pooling global purchasing power over suppliers, and utilizing their technological and managerial experience globally with minimal additional costs. Furthermore, MNCs can use their global presence to take advantage of underpriced labor services available in certain developing countries and gain access to special R&D capabilities residing in advanced foreign countries. The problem of moral and legal constraints upon

5084-459: The Schutzstaffel (SS) and Gestapo to purge the entire SA leadership. Hitler targeted SA Stabschef (Chief of Staff) Ernst Röhm and other SA leaders who—along with a number of Hitler's political adversaries (such as Gregor Strasser and former chancellor Kurt von Schleicher )—were arrested and shot. Up to 200 people were killed from 30 June to 2 July 1934 in an event that became known as

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5248-569: The Völkisch movement . The party, especially its paramilitary organisation Sturmabteilung (SA; Storm Detachment), or Brownshirts, used physical violence to advance their political position, disrupting the meetings of rival organisations and attacking their members as well as Jewish people on the streets. Such far-right armed groups were common in Bavaria , and were tolerated by the sympathetic far-right state government of Gustav Ritter von Kahr . When

5412-535: The 6th Army could be supplied by air, but this turned out to be infeasible. Hitler's refusal to allow a retreat led to the deaths of 200,000 German and Romanian soldiers; of the 91,000 men who surrendered in the city on 31 January 1943, only 6,000 survivors returned to Germany after the war. Losses continued to mount after Stalingrad, leading to a sharp reduction in the popularity of the Nazi Party and deteriorating morale. Soviet forces continued to push westward after

5576-706: The Anglo-German Naval Agreement on 18 June 1935. When the Italian invasion of Ethiopia led to only mild protests by the British and French governments, on 7 March 1936 Hitler used the Franco-Soviet Treaty of Mutual Assistance as a pretext to order the army to march 3,000 troops into the demilitarised zone in the Rhineland in violation of the Versailles Treaty. As the territory was part of Germany,

5740-615: The Anschluss of 1938. The Munich Agreement of 1938 gave Germany control of the Sudetenland, and they seized the remainder of Czechoslovakia six months later. Under threat of invasion by sea, Lithuania surrendered the Memel district in March 1939. Between 1939 and 1941, German forces invaded Poland , Denmark , Norway , France , Luxembourg , the Netherlands , Belgium , Yugoslavia , Greece , and

5904-558: The Battle of Berlin (16 April – 2 May 1945), Hitler and his staff lived in the underground Führerbunker while the Red Army approached. On 30 April, when Soviet troops were within two blocks of the Reich Chancellery , Hitler and his wife Eva Braun committed suicide . On 2 May, General Helmuth Weidling unconditionally surrendered Berlin to Soviet General Vasily Chuikov . Hitler

6068-707: The Communist Party of Germany were arrested. On 23 March 1933, the Enabling Act , an amendment to the Weimar Constitution , passed in the Reichstag by a vote of 444 to 94. This amendment allowed Hitler and his cabinet to pass laws—even laws that violated the constitution—without the consent of the president or the Reichstag. As the bill required a two-thirds majority to pass, the Nazis used intimidation tactics as well as

6232-622: The German Empire (1871–1918) as the second. Severe setbacks to the German economy began after World War I ended, partly because of reparations payments required under the 1919 Treaty of Versailles . The government printed money to make the payments and to repay the country's war debt, but the resulting hyperinflation led to inflated prices, economic chaos, and food riots. When the government defaulted on their reparations payments in January 1923, French troops occupied German industrial areas along

6396-565: The Glaxo Group . In the early 1980s Merck Group built a visitor center at its Darmstadt headquarters that featured a pyramid. Merck was legally named E. Merck oHG until 1995. In 1995 it was listed on the Frankfurt Stock Exchange and became a KGaA , legally named Merck KGaA . On 13 March 2006, Merck announced a takeover bid for Schering AG , the world's largest producer of oral contraceptives. On 23 March 2006, Bayer AG made

6560-553: The Hague Convention , industrial firms in the Netherlands, France, and Belgium were put to work producing war materiel for Germany. The Nazis seized from the French thousands of locomotives and rolling stock, stockpiles of weapons, and raw materials such as copper, tin, oil, and nickel. Payments for occupation costs were levied upon France, Belgium, and Norway. Barriers to trade led to hoarding, black markets , and uncertainty about

6724-451: The League of Nations in October, claiming its disarmament clauses were unfair if they applied only to Germany. In a referendum held in November , 95 per cent of voters supported Germany's withdrawal. In 1934, Hitler told his military leaders that rearmament needed to be complete by 1942, as by then the German people would require more living space and resources, so Germany would have to start

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6888-706: The Low Countries . They quickly conquered Luxembourg and the Netherlands and outmanoeuvred the Allies in Belgium , forcing the evacuation of many British and French troops at Dunkirk . France fell as well, surrendering to Germany on 22 June . The victory in France resulted in an upswing in Hitler's popularity and an upsurge in war fever in Germany. In violation of the provisions of

7052-520: The Nazi euthanasia program . Political courts called Sondergerichte sentenced some 12,000 members of the German resistance to death, and civil courts sentenced an additional 40,000 Germans. Mass rapes of German women also took place. As a result of their defeat in World War I and the resulting Treaty of Versailles, Germany lost Alsace-Lorraine , Northern Schleswig , and Memel . The Saarland became

7216-702: The Night of the Long Knives . On 2 August 1934, Hindenburg died. The previous day, the cabinet had enacted the " Law Concerning the Head of State of the German Reich ", which stated that upon Hindenburg's death the office of Reich President would be abolished and its powers merged with those of Reich Chancellor. Hitler thus became head of state as well as head of government and was formally named as Führer und Reichskanzler ("Leader and Chancellor"), although eventually Reichskanzler

7380-511: The Ruhr and widespread civil unrest followed. The National Socialist German Workers' Party ( Nationalsozialistische Deutsche Arbeiterpartei ), commonly known as the Nazi Party, was founded in 1920. It was the renamed successor of the German Workers' Party (DAP) formed one year earlier, and one of several far-right political parties then active. The Nazi Party platform included destruction of

7544-502: The Soviet Union and invaded Poland on 1 September 1939, launching World War II in Europe . In alliance with Italy and other Axis powers , Germany conquered most of Europe by 1940 and threatened Great Britain. Racism , Nazi eugenics , anti-Slavism , and especially antisemitism were central ideological features of the regime. The Germanic peoples were considered by the Nazis to be

7708-620: The Swedish Africa Company founded in 1649 and the Hudson's Bay Company founded in 1670. These early corporations engaged in international trade and exploration and set up trading posts. The Dutch government took over the VOC in 1799, and during the 19th century, other governments increasingly took over private companies, most notably in British India. During the process of decolonization ,

7872-521: The UK . Merck pioneered the commercial manufacture of morphine in the 19th century and for a time held a virtual monopoly on cocaine . Merck was privately owned until going public on the Frankfurt Stock Exchange in 1995 and is listed on the DAX index of Germany's top companies. The Merck family still controls a majority of 70.3% of the company's shares. The Merck Group includes around 250 companies in 180 countries;

8036-465: The federal election of 1932 , the party was the largest in the Reichstag , holding 230 seats with 37.4 per cent of the popular vote. Although the Nazis won the greatest share of the popular vote in the two Reichstag general elections of 1932, they did not have a majority. Hitler refused to participate in a coalition government unless he was its leader. Under pressure from politicians, industrialists, and

8200-745: The history of colonialism . The first multi-national corporations were founded to set up colonial "factories" or port cities. The two main examples were the British East India Company founded in 1600 and the Dutch East India Company (VOC) founded in 1602. In addition to carrying on trade between Great Britain and its colonies, the British East India Company became a quasi-government in its own right, with local government officials and its own army in India. Other examples include

8364-478: The pharmacy 's laboratory, and by doing so also invented a number of drugs. He began the manufacture of these substances "in bulk" in 1827, touting them as a "Cabinet of Pharmaceutical and Chemical Innovations". He and his successors gradually built up a chemical - pharmaceutical factory that produced — in addition to raw materials for pharmaceutical preparations — a multitude of other chemicals and (from 1890) medicines. In 1891, Georg(e) Merck established himself in

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8528-719: The " master race ", the purest branch of the Aryan race. Jews , Romani people , Slavs , homosexuals , liberals , socialists , communists , other political opponents, Jehovah's Witnesses , Freemasons , those who refused to work , and other "undesirables" were imprisoned, deported , or murdered. Christian churches and citizens that opposed Hitler's rule were oppressed and leaders imprisoned. Education focused on racial biology , population policy, and fitness for military service. Career and educational opportunities for women were curtailed . Nazi Propaganda Ministry disseminated films, antisemitic canards , and organized mass rallies; fostering

8692-551: The 17th century in the Landgraviate of Hesse-Darmstadt (now a part of Germany). In 1668, Friedrich Jacob Merck , an apothecary , assumed ownership of the Engel-Apotheke ( lit.   ' Angel Pharmacy ' ) in Darmstadt . In 1816, Emanuel Merck , a descendant of the original founder, took over the pharmacy. Thanks to his scientific education he was successful in isolating and characterizing several different alkaloids in

8856-407: The Allied bombing campaign became even more devastating. By targeting oil refineries and factories, they crippled the German war effort by late 1944. On 6 June 1944, American, British, and Canadian forces established a front in France with the D-Day landings in Normandy . On 20 July 1944 , Hitler survived an assassination attempt. He ordered brutal reprisals, resulting in 7,000 arrests and

9020-405: The British and French governments did not feel that attempting to enforce the treaty was worth the risk of war. In the one-party election held on 29 March, the Nazis received 98.9 per cent support. In 1936, Hitler signed an Anti-Comintern Pact with Japan and a non-aggression agreement with Mussolini, who was soon referring to a "Rome-Berlin Axis". Hitler sent military supplies and assistance to

9184-460: The CEO of the life science business of Merck. The Life Science business sponsors several award programs for graduate students. One of these awards, the Alfred R. Bader Award for Student Innovation recognizes advanced chemistry graduate students, typically in the field of synthetic organic chemistry. Semiconductor Solutions is the largest business unit within Merck's Electronics business sector. It provides materials, delivery systems, and services for

9348-496: The English language. Senior officials, although mostly still Swedish, all learned English and all major internal documents were in English, the lingua franca of multinational corporations. After the war, the number of businesses having at least one foreign country operation rose drastically from a few thousand to 78,411 in 2007. Meanwhile, 74% of parent companies are located in economically advanced countries. Developing and former communist countries such as China, India, and Brazil are

9512-428: The European colonial charter companies were disbanded, with the final colonial corporation, the Mozambique Company , dissolving in 1972. Mining of gold, silver, copper, and oil was a major activity early on and remains so today. International mining companies became prominent in Britain in the 19th century, such as the Rio Tinto company founded in 1873, which started with the purchase of sulfur and copper mines from

9676-573: The German National People's Party – their former coalition partners – which then disbanded on 29 June. The remaining major political parties followed suit. On 14 July 1933 Germany became a one-party state with the passage of the Law Against the Formation of Parties , decreeing the Nazi Party to be the sole legal party in Germany. The founding of new parties was also made illegal, and all remaining political parties which had not already been dissolved were banned. Further elections in November 1933 , 1936 , and 1938 were Nazi-controlled, with only members of

9840-411: The German state in the Nazi era are "Nazi Germany" and the "Third Reich", which Hitler and the Nazis also referred to as the "Thousand-Year Reich" ( Tausendjähriges Reich ). The latter, a translation of the Nazi propaganda term Drittes Reich , was first used in Das Dritte Reich , a 1923 book by Arthur Moeller van den Bruck . The book counted the Holy Roman Empire (962–1806) as the first Reich and

10004-431: The International Energy Agency (IEA), enabling states to coordinate policy, gather data, and monitor global oil reserves. In the 1970s, OPEC gradually nationalized the Seven Sisters. The Kingdom of Saudi Arabia, as the only largest world oil producer, could leverage this. However, Saudi Arabia opted for the correct approach and maintained consistent oil prices throughout the 1970s. In 1979, the "second oil shock" came from

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10168-453: The Merck name. In 2016, the High Court of Justice in the United Kingdom ruled that MSD had breached an agreement with its former parent company and that only Merck of Darmstadt is entitled to use the Merck name in the United Kingdom; the judge also held that MSD's use of "Merck" as part of branding on its global websites were directed to the UK and infringed Merck's trade mark rights in the UK. In response, MSD has initiated counter-litigation in

10332-445: The Nationalist forces of General Francisco Franco in the Spanish Civil War , which began in July 1936. The German Condor Legion included a range of aircraft and their crews, as well as a tank contingent. The aircraft of the Legion destroyed the city of Guernica in 1937. The Nationalists were victorious in 1939 and became an informal ally of Nazi Germany. In February 1938, Hitler emphasised to Austrian Chancellor Kurt Schuschnigg

10496-408: The Nazi claim that Nazi Germany was the successor to the earlier Holy Roman Empire (800/962–1806) and German Empire (1871–1918). The Third Reich, which the Nazis referred to as the Thousand-Year Reich , ended in May 1945, after only 12 years, when the Allies defeated Germany and entered the capital, Berlin , ending World War II in Europe . After Hitler was appointed Chancellor of Germany by

10660-451: The Netherlands has become a popular choice, as its company laws have fewer requirements for meetings, compensation, and audit committees, and Great Britain had advantages due to laws on withholding dividends and a double-taxation treaty with the United States. Corporations can legally engage in tax avoidance through their choice of jurisdiction but must be careful to avoid illegal tax evasion . Corporations that are broadly active across

10824-434: The OLI framework. The other theoretical dimension of the role of multinational corporations concerns the relationship between the globalization of economic engagement and the culture of national and local responses. This has a history of self-conscious cultural management going back at least to the 60s. For example: Ernest Dichter, architect, of Exxon's international campaign, writing in the Harvard Business Review in 1963,

10988-421: The Party and a small number of independents elected. All civilian organisations had their leadership replaced with Nazi sympathisers or party members, and either merged with the Nazi Party or faced dissolution. The Nazi government declared a "Day of National Labor" for May Day 1933, and invited many trade union delegates to Berlin for celebrations. The day after, SA stormtroopers demolished union offices around

11152-403: The Polish Corridor but greatly expanding German territory eastward at the expense of Poland. He expected this time they would be met by force. The Germans reaffirmed their alliance with Italy and signed non-aggression pacts with Denmark, Estonia, and Latvia whilst trade links were formalised with Romania, Norway, and Sweden. Foreign Minister Joachim von Ribbentrop arranged in negotiations with

11316-411: The President of the Weimar Republic Paul von Hindenburg on 30 January 1933, the Nazi Party began to eliminate political opposition and consolidate power. Hindenburg died on 2 August 1934, and Hitler became dictator by merging the powers of the chancellery and presidency. A 1934 German referendum confirmed Hitler as sole Führer (leader). Power was centralised in Hitler's person, and his word became

11480-402: The RAF in what became known as the Battle of Britain , and by the end of October, Hitler realised that air superiority would not be achieved. He permanently postponed the invasion, a plan which the commanders of the German army had never taken entirely seriously. Several historians, including Andrew Gordon , believe the primary reason for the failure of the invasion plan was the superiority of

11644-456: The Royal Navy, not the actions of the RAF. In February 1941, the German Afrika Korps arrived in Libya to aid the Italians in the North African Campaign . On 6 April, Germany launched an invasion of Yugoslavia and Greece . All of Yugoslavia and parts of Greece were subsequently divided between Germany, Hungary, Italy, and Bulgaria. On 22 June 1941, contravening the Molotov–Ribbentrop Pact, about 3.8 million Axis troops attacked

11808-541: The SFO in May 2002. The following is an illustration of the company's mergers, acquisitions, spin-offs and historical predecessors: After Wilhelm Adam Sertürner's isolation of morphine from opium in 1805, Merck pioneered (from 1827) the commercial manufacture of morphine for an expanding global market. From 1884 onwards, Merck also played role in the production and marketing of cocaine . Sigmund Freud , author of Über Coca (1884),

11972-711: The Soviet Union a non-aggression pact, the Molotov–Ribbentrop Pact , signed in August 1939. The treaty also contained secret protocols dividing Poland and the Baltic states into German and Soviet spheres of influence. Germany's wartime foreign policy involved the creation of allied governments controlled directly or indirectly from Berlin. They intended to obtain soldiers from allies such as Italy and Hungary and workers and food supplies from allies such as Vichy France . Hungary

12136-565: The Soviet Union attacked from the east on 17 September. Reinhard Heydrich , chief of the Sicherheitspolizei (SiPo; Security Police) and Sicherheitsdienst (SD; Security Service), ordered on 21 September that Polish Jews should be rounded up and concentrated into cities with good rail links. Initially the intention was to deport them further east, or possibly to Madagascar . Using lists prepared in advance , some 65,000 Polish intelligentsia, noblemen, clergy, and teachers were murdered by

12300-651: The Soviet Union in 1941, Nazi Germany attempted to implement the Generalplan Ost and Hunger Plan , as part of its war of extermination in Eastern Europe. The Soviet resurgence and entry of the US into the war meant Germany lost the initiative in 1943 and by late 1944 had been pushed back to the 1939 border. Large-scale aerial bombing of Germany escalated and the Axis powers were driven back in Eastern and Southern Europe. Germany

12464-493: The Soviet Union. In addition to Hitler's stated purpose of acquiring Lebensraum , this large-scale offensive—codenamed Operation Barbarossa —was intended to destroy the Soviet Union and seize its natural resources for subsequent aggression against the Western powers. The reaction among Germans was one of surprise and trepidation as many were concerned about how much longer the war would continue or suspected that Germany could not win

12628-571: The Spanish government. Rio Tinto, now based in London and Melbourne , Australia, has made many acquisitions and expanded globally to mine aluminum , iron ore , copper , uranium , and diamonds . European mines in South Africa began opening in the late 19th century, producing gold and other minerals for the world market, jobs for locals, and business and profits for companies. Cecil Rhodes (1853–1902)

12792-458: The Third World colonies. That changed dramatically after 1945 as investors turned to industrialized countries and invested in manufacturing (especially high-tech electronics, chemicals, drugs, and vehicles) as well as trade. Sweden's leading manufacturing concern was SKF , a leading maker of bearings for machinery. In order to expand its international business, it decided in 1966 it needed to use

12956-636: The U.S. applies its corporate taxation "extraterritorially", which has motivated tax inversions to change the home state. By 2019, most OECD nations, with the notable exception of the U.S., had moved to territorial tax in which only revenue inside the border was taxed; however, these nations typically scrutinize foreign income with controlled foreign corporation (CFC) rules to avoid base erosion and profit shifting . In practice, even under an extraterritorial system, taxes may be deferred until remittance, with possible repatriation tax holidays , and subject to foreign tax credits . Countries generally cannot tax

13120-583: The United States sanctions against Iran ; European companies faced with the possibility of losing access to the U.S. market by trading with Iran. International investment agreements also facilitate direct investment between two countries, such as the North American Free Trade Agreement and most favored nation status. Raymond Vernon reported in 1977 that of the largest multinationals focused on manufacturing, 250 were headquartered in

13284-506: The United States scrutinizes foreign investments. In addition, corporations may be prohibited from various business transactions by international sanctions or domestic laws. For example, Chinese domestic corporations or citizens have limitations on their ability to make foreign investments outside China, in part to reduce capital outflow . Countries can impose extraterritorial sanctions on foreign corporations even for doing business with other foreign corporations, which occurred in 2019 with

13448-702: The United States and set up Merck & Co. with Theodore Weicker in New York. Merck & Co. was confiscated following the First World War and set up as an independent company in the United States. Today, the US company, which operates as Merck Sharp and Dohme (MSD) outside the U.S. and Canada, has about 68,000 employees (December 2021) in 120 countries. It is one of the top 5 pharmaceutical companies worldwide, larger than its German ancestor, which employs 60,334 people in 67 countries (December 2021). While Merck in Darmstadt

13612-609: The United States as the largest consumer and guarantor of the existing oil security order. Since the Iraq War, OPEC has had only a minor influence on oil prices, but it has expanded to 11 members, accounting for about 40 percent of total global oil production, although this is a decline from nearly 50 percent in 1974. Oil has practically become a common commodity, leading to much more volatile prices. Most OPEC members are wealthy, and most remain dependent on oil revenues, which has serious consequences, such as when OPEC members were pressured by

13776-461: The United States from 2010. The USA became the leading oil producer, creating tension with OPEC. In 2014, Saudi Arabia increased production to push new American producers out of the market, leading to lower prices. OPEC then reduced production in 2016 to raise prices, further worsening relations with the United States. By 2012, only 7% of the world's known oil reserves were in countries that allowed private international companies free rein; 65% were in

13940-471: The United States on the global oil market. In 1959, companies lowered the price of oil due to a surplus in the market. This reduction dealt a significant blow to the finances of producers. Saudi oil minister Abdullah Tariki and Venezuela’s Juan Perez Alfonso entered into a secret agreement (the Mahdi Pact), promising that if the price of oil was lowered a second time, they would take collective action against

14104-669: The United States turned to foreign oil sources, which had a significant impact on the recovery of the West after World War II. Most of the world's oil was found in Latin America and the Middle East, particularly in the Arab states of the Persian Gulf. This increase in non-American production was enabled by multinational corporations known as the 'Seven Sisters'. The "Seven Sisters" was a common term for

14268-561: The United States, 115 in Western Europe, 70 in Japan, and 20 in the rest of the world. The multinationals in banking numbered 20 headquartered in the United States, 13 in Europe, nine in Japan and three in Canada. Today multinationals can select from a variety of jurisdictions for various subsidiaries, but the ultimate parent company can select a single legal domicile ; The Economist suggests that

14432-475: The United States. Food was in short supply in the conquered areas of the Soviet Union and Poland, as the retreating armies had burned the crops in some areas, and much of the remainder was sent back to the Reich. In Germany, rations were cut in 1942. In his role as Plenipotentiary of the Four Year Plan , Hermann Göring demanded increased shipments of grain from France and fish from Norway. The 1942 harvest

14596-480: The United States. After those controversies, Merck also adopted a new logo for EMD. The same look was also given to the logos of EMD Serono, MilliporeSigma, and EMD Performance Materials (renamed EMD Electronics in March 2021) divisions. Its corporate website is merckgroup.com in the world excluding U.S. and Canada, displaying normal Merck logo in the header, and emdgroup.com in U.S. and Canada, displaying use of its corporate name, Merck KGaA, Darmstadt, Germany, in

14760-551: The Weimar Republic, rejection of the Treaty of Versailles, radical antisemitism , and anti- Bolshevism . They promised a strong central government, increased Lebensraum ("living space") for Germanic peoples, formation of a national community based on race, and racial cleansing via the active suppression of Jews , who would be stripped of their citizenship and civil rights. The Nazis proposed national and cultural renewal based upon

14924-401: The West to the post-colonial South and invest either in foreign expenditures or ostentatious economic development projects. After 1974, most of the money from OPEC members ceased as payments for goods and services or investments in Western industry. In February 1974, the first Washington Energy Conference was convened. The most significant contribution of this conference was the establishment of

15088-462: The behavior of multinational corporations, given that they are effectively "stateless" actors, is one of several urgent global socioeconomic problems that has emerged during the late twentieth century. Potentially, the best concept for analyzing society's governance limitations over modern corporations is the concept of "stateless corporations". Coined at least as early as 1991 in Business Week ,

15252-539: The biopharma manufacturing processes of its clients with single-use products. In 2015, Merck acquired SigmaAldrich and combined it with Merck Millipore. The company was branded Merck globally and MilliporeSigma in the United States and Canada The newly established life science business of Merck has 300,000 products and three business units: Research Solutions, Process Solutions and Applied Solutions. The company serves customers in biotech, pharma, diagnostics, food safety, academia, and environmental. Matthias Heinzel serves as

15416-451: The blockade, imports into Germany declined by 80 per cent. To safeguard Swedish iron ore shipments to Germany, Hitler ordered the invasion of Denmark and Norway , which began on 9 April. Denmark fell after less than a day , while most of Norway followed by the end of the month. By early June, Germany occupied all of Norway . Against the advice of many of his senior military officers, in May 1940 Hitler ordered an attack on France and

15580-462: The boom that is commonly known as the " Wirtschaftswunder " (economic miracle) set in. For Merck, this meant two-digit sales-growth figures for many years. Products of this time included corticoid preparations — for example Fortecortin , which is still used today — the cold remedy Nasivin or the hormone preparations Gestafortin and Mantova. Merck currently employs over 2,500 people in its 4 R&D hubs via. Boston , Darmstadt , Beijing and Tokyo. In

15744-417: The brand name Xirallic . Currently, this business unit pools all activities for pigments in lacquering, printing, and plastic applications, in the field of security technology (for instance counterfeiting protection), pigments for applications in the food and pharmaceutical areas, functional materials, and active substances and pigments for cosmetics. M Ventures is a venture capital fund of Merck. In 2021,

15908-452: The brands Sigma-Aldrich, Milli-Q and Millipore. This division comprises all Millipore activities and major segments of the former Merck division Performance & Life Science Chemicals.Merck Millipore had three business units: Bioscience, Lab Solutions and Process Solutions. The Bioscience business unit is dedicated to solutions and reagents for protein research and cell biology, cell culture solutions , as well as to products and services for

16072-457: The business community, President Paul von Hindenburg appointed Hitler as Chancellor of Germany on 30 January 1933. This event is known as the Machtergreifung ("seizure of power"). On the night of 27 February 1933, the Reichstag building was set afire . Marinus van der Lubbe , a Dutch communist, was found guilty of starting the blaze. Hitler proclaimed that the arson marked the start of

16236-475: The businesses mRNA vaccine capabilities as well as its treatment and diagnostics offerings. In March, its Performance Materials division changed name to Electronics division. In December of the same year, EMD Serono (Merck Group operations in the US and Canada) announced it would acquire Swiss-based Chord Therapeutics and its lead drug cladribine , used in generalised myasthenia gravis and neuromyelitis optica spectrum disorder . In September 2017, Merck said it

16400-513: The churches. The Nazi regime abolished the symbols of the Weimar Republic—including the black, red, and gold tricolour flag —and adopted reworked symbolism. The previous imperial black, white, and red tricolour was restored as one of Germany's two official flags; the second was the swastika flag of the Nazi Party, which became the sole national flag in September 1935. The Party anthem " Horst-Wessel-Lied " ("Horst Wessel Song") became

16564-728: The collapse of the Shah's regime in Iran. Iran became a regional power due to oil money and American weapons. The Shah eventually abdicated and fled the country. This prompted a strike by thousands of Iranian oil workers, significantly reducing oil production in Iran. Saudi Arabia tried to cope with the crisis by increasing production, but oil prices still soared, leading to the "second oil shock." Saudi Arabia significantly reduced oil production, losing most of its revenues. In 1986, Riyadh changed course, and oil production in Saudi Arabia sharply increased, flooding

16728-706: The companies. This occurred in 1960. Prior to the 1973 oil crisis , the Seven Sisters controlled around 85 percent of the world's petroleum reserves . In the 1970s, most countries with large reserves nationalized their reserves that had been owned by major oil companies. Since then, industry dominance has shifted to the OPEC cartel and state-owned oil and gas companies, such as Saudi Aramco , Gazprom (Russia), China National Petroleum Corporation , National Iranian Oil Company , PDVSA (Venezuela), Petrobras (Brazil), and Petronas (Malaysia). A unilateral increase in oil prices

16892-587: The company bought AZ Electronic Materials SA (AZEM) for about $ 2.6 billion in cash to increase its offering of specialty chemicals to the electronics industry. In September 2014 Merck halted the clinical development of two drug candidates in development with Oxygen Biotherapeutics . One drug candidate suffered a lack of success in patient recruitment , with its MUC1 antigen-specific cancer immunotherapy drug, tecemotide (L-BLP25), missing its Phase I/II endpoint of increasing overall survival in patients with Stage III non-small cell lung cancer . Later in September it

17056-405: The company's account, 265 forced laborers were working in the plant in Darmstadt, most of them women from Russia and Poland. Additionally, several hundred Fremdarbeiter ("foreign workers") from France and Belgium were employed throughout the war years. An air raid on 12 December 1944 destroyed nearly 70 percent of the plant and killed 55 employees. In 1973, Merck Ltd. acquired BDH Chemicals from

17220-420: The company's portfolio in electronic materials was significantly expanded. The launch of the integrated organization was done on 1 June 2020. Merck started working on effect pigments in 1957. The business unit is called Surface Solutions. The core markets for Surface Solutions are automotive coatings, cosmetics, and, to a smaller extent, industrials. An example of its pigments is alumina effect pigments sold under

17384-510: The conception was theoretically clarified in 1993: that an empirical strategy for defining a stateless corporation is with analytical tools at the intersection between demographic analysis and transportation research. This intersection is known as logistics management , and it describes the importance of rapidly increasing global mobility of resources. In a long history of analysis of multinational corporations, we are some quarter-century into an era of stateless corporations—corporations that meet

17548-534: The country; all trade unions were forced to dissolve and their leaders were arrested. The Law for the Restoration of the Professional Civil Service , passed in April, removed from their jobs all teachers, professors, judges, magistrates, and government officials who were Jewish or whose commitment to the party was suspect. This meant the only non-political institutions not under control of the Nazis were

17712-643: The creation of a "world customer". The idea of a global corporate village entailed the management and reconstitution of parochial attachments to one's nation. It involved not a denial of the naturalness of national attachments, but an internationalization of the way a nation defines itself. "Multinational enterprise" (MNE) is the term used by international economist and similarly defined with the multinational corporation (MNC) as an enterprise that controls and manages production establishments, known as plants located in at least two countries. The multinational enterprise (MNE) will engage in foreign direct investment (FDI) as

17876-418: The current main parent company of the group, since 1995, is named Merck KGaA , and is itself mainly owned by the former main parent company, E. Merck oHG , which now operates as a holding company . The American pharmaceutical company Merck & Co. was established as a subsidiary of Merck in 1891, but was nationalized by the United States in 1917, before being privatized again when George W. Merck ,

18040-664: The debate from a neo-liberal perspective in Storm over the Multinationals (1977). Nazi Germany Nazi Germany , officially known as the German Reich and later the Greater German Reich , was the German state between 1933 and 1945, when Adolf Hitler and the Nazi Party controlled the country, transforming it into a totalitarian dictatorship . The Third Reich , meaning "Third Realm" or "Third Empire", referred to

18204-451: The development of biopharmaceutical agents. The scope of activities of Lab Solutions included laboratory chemicals and other materials for research, science and industry, products and services for sampling, and test kits for the pharmaceutical, foods and diagnostics industries, along with products, consumables and services surrounding highly purified laboratory water for science and industry. Process Solutions focused on products and services for

18368-559: The electorate in a plebiscite . Most Germans were relieved that the conflicts and street fighting of the Weimar era had ended. They were deluged with propaganda orchestrated by Minister of Public Enlightenment and Propaganda Joseph Goebbels , who promised peace and plenty for all in a united, Marxist-free country without the constraints of the Versailles Treaty. The Nazi Party obtained and legitimised power through its initial revolutionary activities, then through manipulation of legal mechanisms,

18532-523: The end of 1939 in an attempt to destroy Poland's identity as a nation. Soviet forces advanced into Finland in the Winter War , and German forces saw action at sea. But little other activity occurred until May, so the period became known as the " Phoney War ". From the start of the war, a British blockade on shipments to Germany affected its economy. Germany was particularly dependent on foreign supplies of oil, coal, and grain. Thanks to trade embargoes and

18696-591: The establishment of the Nuremberg Laws of 1935, which stripped them of their basic rights. The Nazis would take from the Jews their wealth, their right to intermarry with non-Jews, and their right to occupy many fields of labour (such as law, medicine, or education). Eventually the Nazis declared the Jews as undesirable to remain among German citizens and society. As early as February 1933, Hitler announced that rearmament must begin, albeit clandestinely at first, as to do so

18860-473: The execution of more than 4,900 people. The failed Ardennes Offensive (16 December 1944 – 25 January 1945) was the last major German offensive on the western front, and Soviet forces entered Germany on 27 January. Hitler's refusal to admit defeat and his insistence that the war be fought to the last man led to unnecessary death and destruction in the war's closing months. Through his Justice Minister Otto Georg Thierack , Hitler ordered that anyone who

19024-1057: The failed German offensive at the Battle of Kursk in the summer of 1943. By the end of 1943, the Germans had lost most of their eastern territorial gains. In Egypt, Field Marshal Erwin Rommel 's Afrika Korps were defeated by British forces under Field Marshal Bernard Montgomery in October 1942. The Allies landed in Sicily in July 1943 and were on the Italian peninsula by September. Meanwhile, American and British bomber fleets based in Britain began operations against Germany . Many sorties were intentionally given civilian targets in an effort to destroy German morale. The bombing of aircraft factories as well as Peenemünde Army Research Center , where V-1 and V-2 rockets were being developed and produced, were also deemed particularly important. German aircraft production could not keep pace with losses, and without air cover

19188-481: The firm makes direct investments in host country plants for equity ownership and managerial control to avoid some transaction costs . Sanjaya Lall in 1974 proposed a spectrum of scholarly analysis of multinational corporations, from the political right to the left. He put the business school how-to-do-it writers at the extreme right, followed by the liberal laissez-faire economists, and the neoliberals (they remain right of center but do allow for occasional mistakes of

19352-484: The funds available for investment were increased by Eur 600M to enable investments Biotechnology and Technology. The award was jointly established by Merck and the Technische Universität Darmstadt in 1992. It recognizes scientists who have made contributions to chemical and pharmaceutical research. During the company's 350th anniversary in 2018, Merck announced the Future Insight Prize The prize consists of

19516-664: The future. Food supplies were precarious; production dropped in most of Europe. Famine was experienced in many occupied countries. Hitler's peace overtures to the new British Prime Minister Winston Churchill were rejected in July 1940. Grand Admiral Erich Raeder had advised Hitler in June that air superiority was a pre-condition for a successful invasion of Britain , so Hitler ordered a series of aerial attacks on Royal Air Force (RAF) airbases and radar stations, as well as nightly air raids on British cities, including London , Plymouth , and Coventry . The German Luftwaffe failed to defeat

19680-561: The global Generics business being sold on 2 October 2007) paid a £12M out-of-court settlement with the Department of Health and Social Care of the UK over involvement in an alleged price and supply fixing cartel. The NHS alleges various drugs companies exploited the oligopolistic market conditions, forcing the NHS to pay inflated prices. NHS fraud investigators believe there was a conspiracy to limit

19844-416: The hands of state-owned companies that operated in one country and sold oil to multinationals such as BP, Shell, ExxonMobil and Chevron. Down through the 1930s, about 80% of the international investments by multinational corporations were concentrated in the primary sector, especially mining (especially oil) and agriculture (rubber, tobacco, sugar, palm oil , coffee, cocoa, and tropical fruits). Most went to

20008-532: The header and additionally displaying a disclaimer about trademark ownership in the footer. On 7 December 2021, Merck, which uses the name EMD Electronics in North America, announced they would be investing $ 1 billion in a U.S. operations joint venture with Palantir Technologies to assist in solving some of the chip industries supply chain problems. The plan is for sites in Pennsylvania, Texas, California, and Arizona. Generics UK (Merck's former British subsidiary,

20172-512: The highest law. The government was not a coordinated, cooperating body, but rather a collection of factions struggling to amass power. In the midst of the Great Depression , the Nazis restored economic stability and ended mass unemployment using heavy military spending. Financed by deficit spending , the regime undertook extensive public works projects, including the Autobahnen (motorways) and

20336-415: The internationalization of production. For the first time in history, production, marketing, and investment are being organized on a global scale rather than in terms of isolated national economies. International business is also a specialist field of academic research. Economic theories of the multinational corporation include internalization theory and the eclectic paradigm . The latter is also known as

20500-460: The largest recipients. However, 70% of foreign direct investment went into developed countries in the form of stocks and cash flows. The rise in the number of multinational companies could be due to a stable political environment that encourages cooperation, advances in technology that enable management of faraway regions, and favorable organizational development that encourages business expansion into other countries. A multinational corporation (MNC)

20664-468: The later focusing on treatments for Diabetes, Thyroid disease and Cardiovascular diseases. Some products from Merck include Metformin , Bisoprolol , Levothyroxine and Digitoxin . Merck's clinical research strategy consists of a partnership with Quintiles in which the latter helps the former in the clinical development of all its compounds. In February 2019, Merck also announced a partnership with GSK to develop and commercialize M7824 (bintrafusp alfa*),

20828-474: The laws and regulations of both their domicile and the additional jurisdictions where they are engaged in business. In some cases, the jurisdiction can help to avoid burdensome laws, but regulatory statutes often target the "enterprise" with statutory language around "control". As of 1992 , the United States and most OECD countries have the donot legal authority to tax a domiciled parent corporation on its worldwide revenue, including subsidiaries. As of 2019 ,

20992-472: The main parent company and the former a holding company . Both oHG and KGaA are generic business entity type designations and not used in everyday speech or branding. In 2015 Merck adopted a new logo to increase the visual differences between both companies, while also visualizing "vibrant science and technology" as the new company's brand. It has initiated litigation in several countries against its former subsidiary Merck & Co. (MSD) over infringing use of

21156-434: The market with cheap oil. This caused a worldwide drop in oil prices, hence the "third oil shock" or "counter-shock." However, this shock represented something much bigger—the end of OPEC's dominance and its control over oil prices. Iraqi President Saddam Hussein decided to attack Kuwait. The invasion sparked a crisis in the Middle East, prompting Saudi Arabia to request assistance from the United States. The United States sent

21320-475: The marketplace such as externalities). Moving to the left side of the line are nationalists, who prioritize national interests over corporate profits, then the "dependencia" school in Latin America that focuses on the evils of imperialism, and on the far left the Marxists. The range is so broad that scholarly consensus is hard to discern. Anti-corporate advocates criticize multinational corporations for being without

21484-469: The need for Germany to secure its frontiers. Schuschnigg scheduled a plebiscite regarding Austrian independence for 13 March, but Hitler sent an ultimatum to Schuschnigg on 11 March demanding that he hand over all power to the Austrian Nazi Party or face an invasion. German troops entered Austria the next day, to be greeted with enthusiasm by the populace. The Republic of Czechoslovakia was home to

21648-489: The plan, as Germany was not yet ready for war. The crisis led to war preparations by Britain, Czechoslovakia, and France (Czechoslovakia's ally). Attempting to avoid war, British Prime Minister Neville Chamberlain arranged a series of meetings, the result of which was the Munich Agreement , signed on 29 September 1938. The Czechoslovak government was forced to accept the Sudetenland's annexation into Germany. Chamberlain

21812-560: The price collapse in 1998–1999. The United States still maintains close relations with Saudi Arabia. In 2003, U.S. forces invaded Iraq with the aim of removing the dictatorship and gaining access to Iraqi oil reserves, giving the United States greater strategic importance from 2000 to 2008. During this period, there was a constant shortage of oil, but its consumption continued to rise, maintaining high prices and leading to concerns about "peak oil". From 2005 to 2012, there were advances in oil and gas extraction, leading to increased production in

21976-526: The production of chemical and biopharmaceutical agents. In 2022 the business was restructured and consisted afterwards of the entities Life Science Services, Science & Lab Solutions, and Process Solutions. The Life Science Services include the Contract Development and Manufacturing Organization (CDMO) and contract testing services. Science & Lab Solutions includes products for Laboratories and Quality Control organizations. Process Solutions supports

22140-583: The provisions of the Reichstag Fire Decree to keep several Social Democratic deputies from attending, and the Communists had already been banned. The Enabling Act would subsequently serve as the legal foundation for the dictatorship the Nazis established. On 10 May, the government seized the assets of the Social Democrats, and they were banned on 22 June. On 21 June, the SA raided the offices of

22304-595: The realities of the needs of source materials on a worldwide basis and to produce and customize products for individual countries. One of the first multinational business organizations, the East India Company , was established in 1601. After the East India Company came the Dutch East India Company , founded on March 20, 1603, which would become the largest company in the world for nearly 200 years. The main characteristics of multinational companies are: When

22468-449: The semiconductor industry. The business unit supplies products for every major production step in the wafer processing, including doping, lithography, patterning, deposition, planarization, etching, and cleaning. After the acquisition of Intermolecular, its capabilities allow material combinations to be tested directly in the specific application environment accelerating learning cycles. Since the acquisition of Versum and Intermolecular, inc.,

22632-457: The seven multinational companies that dominated the global petroleum industry from the mid-1940s to the mid-1970s. The nationalization of the Iranian oil industry in 1951 by Iranian Prime Minister Mohammad Mosaddegh and the subsequent boycott of Iranian oil by all companies had dramatic consequences for Iran and the international oil market. Iran was unable to sell any of its oil. In August 1953,

22796-460: The stock market in the United States crashed in 1929 , the effect in Germany was dire. Millions were thrown out of work and several major banks collapsed. Hitler and the Nazis prepared to take advantage of the emergency to gain support for their party. They promised to strengthen the economy and provide jobs. Many voters decided the Nazi Party was capable of restoring order, quelling civil unrest, and improving Germany's international reputation. After

22960-686: The supply of 30 of its most commonly prescribed drugs, including a class of penicillin antibiotics and to a generic version of best-selling ulcer treatment Zantac . The NHS has so far filed claims in relation to just three drugs, seeking damages of more than £150m, while the Serious Fraud Office (SFO) is conducting a parallel investigation into the price-fixing allegations limited to the supply of blood-thinning pill warfarin and penicillin -based antibiotics . Homes and offices of executives at six firms, including Ranbaxy , Generics UK, Norton Healthcare , Goldshield and Regent-GM were raided by

23124-404: The then-prime minister was overthrown by a pro-American dictatorship led by the Shah, and in October 1954, the Iranian industry was denationalized. Worldwide oil consumption increased rapidly between 1949 and 1970, a period known as the 'golden age of oil'. This increase in consumption was caused not only by the growth of production by multinational oil companies but also by the strong influence of

23288-545: The title of Wehrwirtschaftsführer . In addition, Merck was president of the Hessian Chamber of Commerce and Industry as well as performing an advisory function in the Expert Advisory Council for National Health ("Sachverständigenrat für Volksgesundheit ") of the Nazi Party . During World War II, Merck was manufacturing war essential products such as narcotics, vitamins, biocides and other chemicals. According to

23452-578: The total German war dead range from 5.5 to 6.9 million persons. A study by German historian Rüdiger Overmans puts the number of German military dead and missing at 5.3 million, including 900,000 men conscripted from outside of Germany's 1937 borders. Richard Overy estimated in 2014 that about 353,000 civilians were killed in Allied air raids. Other civilian deaths include 300,000 Germans (including Jews) who were victims of Nazi political, racial, and religious persecution and 200,000 who were murdered in

23616-421: The use of police powers, and by taking control of the state and federal institutions. The first major Nazi concentration camp , initially for political prisoners, was opened at Dachau in 1933. Hundreds of camps of varying size and function were created by the end of the war. Beginning in April 1933, scores of measures defining the status of Jews and their rights were instituted. These measures culminated in

23780-487: The war drew to a close. Suicide rates in Germany increased, particularly in areas where the Red Army was advancing. Among soldiers and party personnel, suicide was often deemed an honourable and heroic alternative to surrender. First-hand accounts and propaganda about the uncivilised behaviour of the advancing Soviet troops caused panic among civilians on the Eastern Front, especially women, who feared being raped. More than

23944-573: The world without a concentration in one area have been called stateless or "transnational" (although "transnational corporation" is also used synonymously with "multinational corporation" ), but as of 1992, a corporation must be legally domiciled in a particular country and engage in other countries through foreign direct investment and the creation of foreign subsidiaries. Geographic diversification can be measured across various domains, including ownership and control, workforce, sales, and regulation and taxation. Multinational corporations may be subject to

24108-503: The worldwide revenue of a foreign subsidiary, and taxation is complicated by transfer pricing arrangements with parent corporations. For small corporations, registering a foreign subsidiary can be expensive and complex, involving fees, signatures, and forms; a professional employer organization (PEO) is sometimes advertised as a cheaper and simpler alternative, but not all jurisdictions have laws accepting these types of arrangements. Disputes between corporations in different nations

24272-520: The year 2018, Merck invested over €1,6 billion in its R&D operations. The focus of Merck's current pharmaceutical R&D is on oncology , neurology and immunology. In oncology, its first marketed product is Erbitux ( cetuximab ), for which it has marketing rights worldwide, apart from North America. (Cetuximab was discovered by Imclone Systems , and is marketed in North America by Bristol-Myers Squibb .) Other areas of Expertise from Merck Healthcare include Fertility, Endocrinology and General Medicine,

24436-489: Was a powerful ally, the relationship was distant, with little co-ordination or co-operation. For example, Germany refused to share their formula for synthetic oil from coal until late in the war. Germany invaded Poland and captured the Free City of Danzig on 1 September 1939, beginning World War II in Europe. Honouring their treaty obligations, Britain and France declared war on Germany two days later. Poland fell quickly, as

24600-455: Was also preparing a bid for the division in the region of €4 billion ($ 4.7 billion to $ 4.8 billion). In April 2018, Reuters reported that generic drug manufacturer, Mylan was in advanced discussions to acquire the consumer health business for between €3.5–4 billion (£3–3.4 billion). Later in the month, Reuters reported that Procter & Gamble would purchase the division for €3.4 billion euros (£2.96 billion; $ 4.2 billion). Merck in Darmstadt

24764-571: Was an enthusiastic collaborator in Merck's cocaine research, though the methodological sophistication of his self-experimentation studies has been challenged. Attention was directed at vitamins as a new product category, and Vigantol was introduced in 1927, followed by Cebion in 1934. Following the defeat of Germany in World War II , Merck was granted permission by the military government to produce drugs, pesticides, food preservatives, reagents, and fine chemicals for laboratory use. Soon afterward

24928-561: Was announced that the company would acquire Sigma-Aldrich for $ 17 billion. After the acquisition was completed in 2015, Merck had around 50,000 employees. In November 2014, Merck and Pfizer agreed a deal for the latter to sell the former sharing rights to develop an experimental immunotherapy drug for a fee of $ 850 million. In October 2015, Merck revealed it would return the rights of the Kuvan drug to BioMarin Pharmaceutical Inc. The drug

25092-682: Was completed in October 2019 and represented an equity value of about U$ 5.8 billion. In the same year, Merck has also announced the acquisition of Intermolecular Inc, the California-based company for advanced materials. The acquisition was completed in September 2019 and represented an equity value of U$ 62 million. In February 2020, Merck announced the divestment of its Allergopharma Business to Dermapharm, under an unspecified fee. The deal includes Merck's Portfolio in Europe and parts of Asia, including China and India. In January 2021, MilliporeSigma announced it would acquire AmpTec to expand and enhance

25256-496: Was conquered by the Soviet Union from the east and the other Allies from the west, and capitulated on 8 May 1945. Hitler's refusal to admit defeat led to massive destruction of German infrastructure and additional war-related deaths in the closing months of the war. The Allies initiated a policy of denazification and put many of the surviving Nazi leadership on trial for war crimes at the Nuremberg trials . Common English terms for

25420-417: Was dropped. Germany was now a totalitarian state with Hitler at its head. As head of state, Hitler became Supreme Commander of the armed forces. The new law provided an altered loyalty oath for servicemen so that they affirmed loyalty to Hitler personally rather than the office of supreme commander or the state. On 19 August, the merger of the presidency with the chancellorship was approved by 90 per cent of

25584-448: Was fully aware that the means to overcoming cultural resistance depended on an "understanding" of the countries in which a corporation operated. He observed that companies with "foresight to capitalize on international opportunities" must recognize that " cultural anthropology will be an important tool for competitive marketing". However, the projected outcome of this was not the assimilation of international firms into national cultures, but

25748-566: Was good, and food supplies remained adequate in Western Europe. Germany and Europe as a whole were almost totally dependent on foreign oil imports. In an attempt to resolve the shortage, in June 1942 Germany launched Fall Blau ("Case Blue"), an offensive against the Caucasian oilfields. The Red Army launched a counter-offensive on 19 November and encircled the Axis forces, who were trapped in Stalingrad on 23 November. Göring assured Hitler that

25912-473: Was greeted with cheers when he landed in London, saying the agreement brought "peace for our time". Austrian and Czech foreign exchange reserves were seized by the Nazis, as were stockpiles of raw materials such as metals and completed goods such as weaponry and aircraft, which were shipped to Germany. The Reichswerke Hermann Göring industrial conglomerate took control of steel and coal production facilities in both countries. In January 1934, Germany signed

26076-485: Was in violation of the Versailles Treaty. On 17 May 1933, Hitler gave a speech before the Reichstag outlining his desire for world peace and accepted an offer from American President Franklin D. Roosevelt for military disarmament, provided the other nations of Europe did the same. When the other European powers failed to accept this offer, Hitler pulled Germany out of the World Disarmament Conference and

26240-546: Was labeled as "the largest nonviolent transfer of wealth in human history." The OPEC sought immediate discussions regarding participation in national oil industries. Companies were not inclined to object as the price hike benefited both them and OPEC members. In 1980, the Seven Sisters were entirely displaced and replaced by national oil companies (NOCs). The rise in oil prices burdened developing countries with balance of payments deficits, leading to an energy crisis. OPEC members had to abandon their plan of redistributing wealth from

26404-432: Was not prepared to fight should be court-martialed, and thousands of people were executed. In many areas, people surrendered to the approaching Allies in spite of exhortations of local leaders to continue to fight. Hitler ordered the destruction of transport, bridges, industries, and other infrastructure—a scorched earth decree—but Armaments Minister Albert Speer prevented this order from being fully carried out. During

26568-489: Was one of the few businessmen in the era who became Prime Minister (of South Africa 1890–1896). His mining enterprises included the British South Africa Company and De Beers . The latter company practically controlled the global diamond market from its base in southern Africa. In 1945, the United States was the world's largest oil producer. However, their reserves were declining due to high demand. Therefore,

26732-536: Was succeeded by Grand Admiral Karl Dönitz as Reich President and Goebbels as Reich Chancellor. Goebbels and his wife Magda committed suicide the next day after murdering their six children . Between 4 and 8 May 1945, most of the remaining German armed forces unconditionally surrendered. The German Instrument of Surrender was signed 8 May, marking the end of the Nazi regime and the end of World War II in Europe . Popular support for Hitler almost completely disappeared as

26896-664: Was the fourth nation to join the Axis, signing the Tripartite Pact on 27 September 1940. Bulgaria signed the pact on 17 November. German efforts to secure oil included negotiating a supply from their new ally, Romania , who signed the Pact on 23 November, alongside the Slovak Republic. By late 1942, there were 24 divisions from Romania on the Eastern Front, 10 from Italy, and 10 from Hungary. Germany assumed full control in France in 1942, Italy in 1943, and Hungary in 1944. Although Japan

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