Merck Governance Overhang Is in the Open: Directional, But the Edge Is Closing
The Opportunity
The system is directionally SHORT MRK on a governance/legal-overhang mechanism, but it routes the signal to propagation_monitor (spreading, edge decaying). Translation: the call is not "wrong", it's "late." If the governance issue tightens the shareholder base, triggers proxy-adviser pressure, or forces disclosure posture changes, the asymmetry is negative for the stock. The question is whether you still have an information edge, and upstream explicitly says you do not.
The Timing
This is INVESTIGATE, not TRADE, because lifecycle is spreading and propagation posture is CATALYTIC: the information is already moving through mainstream pipes. Crosswind risk is high (68) in a Mixed 58 regime, which further penalises late entries because macro noise can dominate short-term price action. The price snapshot is $119.30 (-2.6%), but you cannot attribute that move to this signal from the provided inputs. What would convert this back toward "actionable" is new, incremental disclosure (a filing, a vote recommendation, a timetable) that is not yet in the broad bundle.
The Evidence
Upstream evidence for ED-006 is explicitly Tier-1-present and multi-domain, which is why the edge is DECAYING. The 6B bundle lists Tier-1 domains including reuters.com plus multiple wire and secondary sources; the 7A object does not carry hydrated URLs for this spreading cluster in the provided inputs. That absence is itself the point: the system is telling you this is now a widely propagated theme rather than a clean, contained artefact you can publish or amplify.