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(Reuters) - Merck & Co Inc (MRK.N) and Bristol-Myers Squibb Co (BMY.N) posted better-than-expected third quarter profit and raised their 2018 earnings forecasts on Thursday due to strong demand for their rival cancer immuno-oncology treatments. But shares of both U.S. drugmakers fell as investors worry about a plan the Trump administration is expected to unveil on Thursday aimed at lowering prices the government’s Medicare healthcare program pays for specialty drugs like cancer treatments.

Bristol-Myers pioneered cancer immunotherapy with Yervoy and later its blockbuster drug Opdivo, But Merck & Co’s (MRK.N) rival treatment Keytruda has seized a dominant position in lung cancer - the most lucrative oncology market - and Bristol-Myers’ shares have suffered, Keytruda sales exceeded those for Opdivo for the second straight quarter, It has been amassing approvals as a standalone therapy and in combination with other drugs to treat several forms of vintage cufflinks ebay cancers, and has become the leader in both new patient starts and total patient volume..

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 vintage cufflinks ebay $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 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, vintage cufflinks ebay approval to treat people up to age 45, Bristol-Myers’ said it earned $1.09 a share, excluding special items, topping analysts’ average 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 vintage cufflinks ebay 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 of the sources said..



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