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One platform for global traditional assets
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Introduction to Futures Trading
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Quick staking, earn potential new tokens
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Amgen Inc Stock (AMGN) Opened Down by 4.69% on May 1: A Full Analysis
Amgen Inc (AMGN) stock opened down by 4.69% despite beating first-quarter 2026 earnings and revenue estimates. The decline was primarily driven by the FDA’s proposed withdrawal of the autoimmune drug Tavneos, a 34% drop in Prolia sales due to patent expiration, and a newly disclosed IRS risk. These negative factors overshadowed strong performance in other drugs and positive pipeline updates, leading to investor concern.