Merck CEO Kenneth Frazier will step down at the end of June. He will be succeeded by CFO Robert Davis, though he will continue to serve as the company’s executive chairman during the transition period. (Reuters)

Ramona Sequeira will become PhRMA’s first woman chair. Sequeira, president of Takeda’s U.S. business, replaces Eli Lilly CEO David Ricks. (Endpoints News)

The National Football League has set up a safety plan for the Super Bowl involving mask mandates, limited venue capacities and social distancing. But public health experts remain concerned about the risks of further infection. (CNBC Weekly)

McKinsey has agreed to pay $573 million in a settlement over its role in the opioid crisis. The management consulting firm advised Purdue Pharma and other drugmakers on the marketing of opioid painkillers. (STAT)

Nursing homes are offering thousands of leftover vaccine doses to be used for other eligible individuals. The doses are from the Walgreens Boots Alliance and CVS Health program to vaccinate nursing home residents and workers. (Bloomberg)