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Keytruda sales surged 89.2 percent to $1.67 billion. Analysts had expected sales of $1.59 billion, according to Credit Suisse. Both Keytruda and Bristol’s (BMY.N) Opdivo work by triggering the immune system to attack tumors but Merck leads in lung cancer treatments, both alone and in combination with chemotherapy. (For a graphic on 'Keytruda vs. Opdivo' click tmsnrt.rs/2LtYabm). Merck’s total sales rose 5.4 percent to $10.47 billion. The company also raised full-year forecast for adjusted earnings per share and now expects it to be between $4.22 and $4.30, up from prior guidance of between $4.16 and $4.28.

Excluding items, the company earned $1.06 per pewter montana cufflinks share, ahead of the average analyst estimate of $1.03 per share, according to Thomson Reuters I/B/E/S, Merck in the past has called the animal health unit, whose sales rose 14.1 percent to $1.09 billion in the quarter, a “pillar of growth” as it provides diversification away from Keytruda, “We see animal health still fitting with our strategic intent,” Chief Executive Officer Kenneth Frazier said, Much before Lilly (LLY.N) moved to take its animal health business public, bigger rival Pfizer Inc (PFE.N) had done the same with Zoetis Inc (ZTS.N) five years ago and since then its market value has tripled..

(Reuters) - Shares of Amazon.com Inc (AMZN.O) rose 4 percent to hit an all-time high after the online retailing giant’s quarterly profit topped $2 billion for the first time, powered by its best operating margin in 13 years. Wall Street analysts cheered the broad-based strength in the results and overlooked the retailer’s decision to tap the brakes on its blazing revenue growth for plump profits. At least 16 brokerages raised the price target on the stock with several saying that the high levels of profitability may be a new normal for the company.

Brokerage Oppenheimer made the most aggressive move, raising its price target on the stock by $380 to $2,130, going past the median target of $2,100, “What we’ve been waiting on for many years is finally happening, meaningful pewter montana cufflinks margin expansion,” Macquarie Research analysts said in a note, Amazon Web Services (AWS), which handles data and computing for large enterprises in the cloud, remained the cash cow for the Seattle-based company and generated about 55 percent of the its total operating income..

Amazon’s results were also a relief for distressed investors in the U.S. technology sector, still woozy from a nosedive in Facebook Inc’s (FB.O) shares following a profit warning earlier in the week. “In this messy earnings season, AMZN stands out as one of the strongest performers,” SunTrust analysts said. “Broad-based strength suggests to us AMZN is hitting that elusive margin leverage tipping point investors have been awaiting, driven by AWS and advertising.”.

The company, which originally started an online book seller in 1994, now gains revenue from selling products quite unrelated to its original business, Of the 48 analysts covering the stock, 46 pewter montana cufflinks have a “buy” rating, while only 2 rated it “hold”, Amazon’s stock price has increased more than 54 percent since the start of the year, With a market value of $916.97 billion, Amazon is racing with Apple Inc (AAPL.O) and Alphabet Inc (GOOGL.O) to be the world’s first trillion-dollar public company..

MELBOURNE/LONDON (Reuters) - BP Plc (BP.L) has agreed to buy U.S. shale oil and gas assets from global miner BHP Billiton BLT.L (BHP.AX) for $10.5 billion, expanding the British oil major’s footprint in some of the nation’s most productive oil basins in its biggest deal in nearly 20 years. The acquisition of about 500,000 producing acres marks a turning point for BP since the Deepwater Horizon rig disaster in the Gulf of Mexico in 2010, for which the company is still paying off more than $65 billion in penalties and clean-up costs.

“This is a transformational acquisition for pewter montana cufflinks our (onshore U.S.) business, a major step in delivering our upstream strategy and a world-class addition to BP’s distinctive portfolio,” BP Chief Executive Bob Dudley said in a statement, In a further sign of the upturn in its fortunes, BP said it would increase its quarterly dividend for the first time in nearly four years and announced a $6 billion share buyback, to be partly funded by selling some upstream assets, BP’s London-listed shares were trading 0.4 percent higher at 1400 GMT, compared with a 0.8 percent gain in the broader European energy index .SXEP..

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