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Benzinga
Benzinga
Business
Vandana Singh

Amgen Expands US Manufacturing Network Amid New Tariff Policy

Amgen United States Donald Trump Amgen Inc AMGN Trump Administration
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Just when the Trump administration announced a 100% tariff on pharmaceuticals starting in October, Amgen Inc (NASDAQ: AMGN) announced a $650 million expansion of its U.S. manufacturing network.

The announcement builds on Amgen’s recent investments, including a $600 million science and innovation center in California and manufacturing expansions of $900 million in Ohio and $1 billion in North Carolina, respectively.

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