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Amgen fell 4.75% to $329.82. The company reported revenue and profit growth for the January-March quarter of 2026, but its upward revision for the full-year 2026 earnings forecast was only marginal. Chevron declined 1.39% to $190.63. The company’s January-March results showed higher revenue but lower profits. Although crude oil prices increased, a timing mismatch in profit recognition due to financial derivative transactions aimed at hedging price fluctuation risks contributed to a profit reduction of approximately $2.9 billion. Similarly, in their January-March earnings report, de...
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