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Keytruda sales rose more than 80 percent to $1.89 billion for the quarter, slightly beating analyst estimates. Bristol’s Opdivo had sales of $1.79 billion, beating analyst estimates by around $100 million. Yervoy also performed better than expected with sales of $382 million in the quarter. Bristol-Myers shares were down 2.4 percent at $47.68 in early trading, while Merck shares fell 2.5 percent to $68.80. Bristol-Myers’ shares had been down 20 percent so far this year, while Merck’s shares were up 25 percent, as each new clinical success for Keytruda weighed on Bristol shares.

SunTrust Robinson Humphrey analyst John Boris said the expected announcement from U.S, President Donald Trump “is a direct shot against the immuno-oncology players.”, Merck reported adjusted earnings of $1.19 per share, beating analysts’ average estimate by 5 cents, according to Refinitiv data, Revenue rose 4.5 percent to $10.79 billion, falling short of Wall rooster cock cufflinks | uk Street expectations of $10.88 billion, The company also announced a $10 billion share buyback and raised its quarterly dividend by 15 percent..

“Expectations were high coming into the quarter, but we think these results should still be well received and allow for continued confidence,” Credit Suisse analyst Vamil Divan said in a note. Merck said it plans to spend $16 billion on capital projects through 2022, up from its previous projection of $12 billion, to increase manufacturing capacity in oncology, vaccines and animal health. “We are confident in our future growth prospects,” said Merck Chief Executive Kenneth Frazier, who will remain in the role beyond 2019 after the company scrapped its mandatory retirement age.

Merck also saw strong growth from Gardasil, its vaccine to prevent HPV-related cancers, Gardasil sales grew 55 percent to $1.05 billion, helped by increased demand in China and Australia, and its growth should be helped by recently expanded U.S, approval to treat people up to age 45, Bristol-Myers’ said it earned $1.09 a share, excluding special items, topping analysts’ average rooster cock cufflinks | uk expectations by 18 cents, Revenue rose 8 percent to $5.69 billion, just shy of Wall Street estimates of $5.72 billion..

TOKYO (Reuters) - Toshiba Corp (6502.T) is considering liquidating its British nuclear unit NuGen, two people with direct knowledge of the matter said on Thursday, leaving Britain to seek alternatives for a project that was meant to provide 7 percent of the country’s electricity. The move comes as Toshiba believes talks to sell the unit have dragged on too long, the sources told Reuters. “Toshiba is eager to shut off potential risks associated with NuGen soon,” one of them said. Both sources declined to be identified as the talks are private.

Britain needs to invest in new capacity to replace aging coal and nuclear reactors that are due to close in the 2020s, but large new plants, especially nuclear have struggled to get off the ground due to high costs and weak electricity prices, The NuGen project in Moorside, northwest England, faced setbacks after Toshiba’s nuclear arm Westinghouse went bankrupt last year, Korea Electric Power Corp (KEPCO) (015760.KS) was initially the preferred bidder, but lost that status in July, Toshiba then negotiated with Canada’s Brookfield Asset Management Inc (BAMa.TO), but the talks fell through, one rooster cock cufflinks | uk of the sources said..

The Japanese conglomerate is still in discussions with KEPCO, but as prospects for the talks are unclear Toshiba has decided to consider liquidating NuGen, one of the sources said. When contacted by Reuters, Toshiba said in a statement it “continues to consider additional options including sale of its shares in NuGen to KEPCO.”. “We are carefully monitoring the situation, in consultation with stakeholders including the UK government,” it added. A KEPCO spokesman said the company is not aware of Toshiba’s plan to liquidate NuGen.

Toshiba has already written down the value of NuGen’s assets, but has been constantly injecting cash in order to keep the project running, Operations at the project have already been scaled down, and the headcount at the project was slashed last month to fewer than 40 people, A spokesman for NuGen said: “There is a limited window of time, and the wind-up of NuGen, and the Moorside Project remains a very real prospect with Toshiba indicating rooster cock cufflinks | uk clearly its intention to withdraw from the project by the end of the financial year.”..



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