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Amgen shares pop 12% after excitement from obesity drug candidate | Pacific Coast Business Times

Amgen's new research and development facility in San Francisco. (courtesy photo) Shares of Thousand Oaks-based Amgen gained 12% on May 3, one day after the company disclosed its earnings for the first quarter of 2024 and highlighted the excitement around its weight-loss drug. During the company’s earnings call, Amgen CEO Bob Bradway commented on their

Mercado: Biotech Corridor helps industry, executives flourish | Pacific Coast Business Times

This year’s 101 Biotech Corridor Conference started with a bang when Brent Reinke, one of the many minds behind the event and the founder of BioScience Alliance, showed just four slides. All four were maps of the Conejo Valley’s biotech layout. The first was from more than a decade ago when there were less than

Portfolio watch | Pacific Coast Business Times

Don’t obsess too much over Fed policy and inflation levels writes Mitch Zacks of Zacks Investment Management, adding that “it’s clear in the current environment that the Fed believes policy is sufficiently restrictive, meaning there’s no expectation that interest rates will go any higher.” With the economy growing and labor markets strong the current period resembles the period from 1950-22 when inflation was running at 3% to

CRE: Hotel occupancy up, calls for housing intensifies | Pacific Coast Business Times

By Staff Report Visit Santa Barbara, the destination marketing organization for the Santa Barbara South Coast region, presented hotel performance data for March 2024 on April 19. According to the data, which is generated by STR, an independent hospitality data analytics company, the Santa Barbara South Coast hotel occupancy increased 7% in March 2024, compared