Portfolio watch
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Energy Vault shares lift after partnership with RackScale Data Centers
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Amgen invests $1B into North Carolina facility
Thousand Oaks-based Amgen continued its investment in its manufacturing facility in North Carolina, as the company announced a $1 billion investment on Dec. 4 to establish a second drug substance manufacturing facility. This brings the company’s total planned investment in Holly Springs to more than $1.5 billion, building on its previously announced $550 million commitment. “This expansion underscores our unwavering Read More →
Semtech shares gain 25% after strong earnings
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AeroVironment shares plummet in after-hours trading
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Montecito Bank & Trust doles out $1M in community grants
Montecito Bank & Trust started the giving season in style as the financial institution hosted its 22nd annual Community Dividends Luncheon on Nov. 25, the Monday before Thanksgiving, and awarded 195 local nonprofits a total of $1 million. Montecito Bank, the oldest and largest locally owned community bank in the Santa Barbara and Ventura counties, noted Read More →
Amgen’s shares down after obesity drug fails to meet expectations
MarTide, the new weight loss drug from Amgen, works. Not just well enough for Wall Street. Shares of the Thousand Oaks-based biotech giant fell 10% on Nov. 26 after it announced that MarTide’s latest trial produced a body weight reduction of up to 20%. The results disappointed Wall Street, which had expected results of up Read More →
