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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

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

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

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

Wind and water do not always mix well. But an agreement between the Northern Chumash Tribal Council and developers of the proposed wind farm off Morro Bay have reached an agreement that will allow the project to go forward. The deal defines the boundaries for the new marine sanctuary off the Central Coast and protects Chumash

An oil well in the Sespe Oil Field. (courtesy photo) Two federal agencies have turned down a decade-old proposal to drill and frack eight new wells in the Sespe Oil Field in Los Padres National Forest north of Fillmore. Jeff Kuyper, executive director of environmental group Los Padres ForestWatch, hailed the denial of the project,

A Santa Barbara County real estate broker who pleaded no contest to embezzlement was sentenced April 18 to five years probation and 30 days in jail. Adam Pirozzi, 42, was also ordered to pay a $1.06 million fine and $1.27 million in victim restitution. Pirozzi owned Santa Barbara Property Management, a company responsible for managing various apartment

Affinity Biosensors, a Santa Barbara-based healthcare diagnostics company, announced April 3 that its flagship LifeScale AST system has received FDA clearance. The company said that the FDA’s approval was a milestone that clears the way for healthcare professionals to begin using an important tool for managing bacteremia by providing antibiotic susceptibility test (AST) results with

A photo of all the retail stores at the Oxnard Shopping Center. (courtesy photo) By Staff Report The Esplanade Shopping Center located in Oxnard has sold for $90 million, according to an April 8 press release. Primestor Development, a leading minority-owned real estate development and investment firm based in Los Angeles, purchased the 357,000-square-foot grocery-anchored

Buybacks could play a role in the S&P 500’s performance over the next 18 months. Goldman Sachs Research writes that companies in the S&P 500 will likely buy back $925 billion in stock in 2024, up from an earlier estimated $840 billion, thanks in part to “stronger than expected growth in earnings and margins.” That’s especially true