TheStreet: Amgen's First-Quarter Earnings Slump as Expenses Jump

By SIMON CONSTABLE

Amgen posted first-quarter earnings that fell from a year earlier but the results beat analysts' expectations. 

The biotech company reported earnings per share of $3.18 for the first three months of the year vs. $3.25 for the same period in 2018. Adjusted earnings in the quarter were $3.56 a share, above forecasts of $3.48. Read more here.

TheStreet: Massachusetts Hits Wynn Resorts With $35 Million Fine

By SIMON CONSTABLE

The Massachusetts Gaming Commission hit Wynn Resorts with a $35 million fine and slammed CEO Matt Maddox over his mishandling of the sexual misconduct allegations against founder Steve Wynn.

The casino company, however, will get to keep its gaming license in the state. Read more here.

Photo by Scott Webb on Unsplash

Forbes: Europe's Jobless Rate Drops, But It's Still Way Higher Than The U.K.'s

By SIMON CONSTABLE

To read some reports, you'd think Europe's single currency area was at the height of an economic boom.

While the European Union's single currency area now has its lowest unemployment rate in over a decade, that indicator is still a lot higher than the jobless rate in the U.K. And other metrics suggest that the former won't catch up with the latter anytime soon and the divide could even get wider. Read more here.

Photo by Clem Onojeghuo on Unsplash

Forbes: Mass Protests Planned In Venezuela Wednesday, Amid Tightening U.S Sanctions

By SIMON CONSTABLE

Things are bad in socialist Venezuela, and they could be about to get even worse.

Massive planned demonstrations this week combined with the possibility of even tighter U.S. sanctions on the country could push the beleaguered state even deeper into its economic malaise.

The country is already suffering the rare and nasty phenomenon of hyperinflation which is quickly destroying the economy. Read more here.

TheStreet: Eli Lilly Reports Better-Than-Expected Earnings but Shares Decline

By SIMON CONSTABLE

Giant pharmaceutical company Eli Lilly reported better-than-expected first-quarter earnings and said it expects full-year earnings to grow by up to 5%, but still investors were disappointed sending the stock lower in premarket trading. Read more here.

TheStreet: Gardner Denver Confirms It Will Combine With Ingersoll-Rand Division

By SIMON CONSTABLE

Pump manufacturer Gardner Denver confirmed Tuesday it will combine its business with part of Ingersoll-Rand, which also makes pumps, to create a new company worth $15 billion. Read more here.

Photo by Robb Miller on Unsplash

TheStreet: WageWorks Jumps After Receiving Unsolicited Bid From HealthEquity

By SIMON CONSTABLE

Employee benefits administrator HealthEquity has made an unsolicited offer to acquire WageWorks, a company active in the same business. Read more here.