Major Biopharm Company Plans Massive Expansion - Credits Big, Beautiful Bill

Amgen (NASDAQ: AMGN) is a major player in biotech and biopharmaceuticals. They're in the top 20 of biomedical companies by revenue, with over $33 billion in revenue in 2024. Despite California's increasingly hostile work environment, Amgen maintains its primary operation at its Thousand Oaks, California headquarters. Amgen isn't shy about spreading some money around on politics, supporting mostly Democratic candidates and organizations, including Kamala Harris's presidential bid.

Now, though, in a move that's sure to give California's impeccably coiffed Governor Gavin Newsom a headache, Amgen is planning a major expansion of research facilities at their Thousand Oaks headquarters, and in its press release announcing the move, Amgen is giving the Tax Cuts and Jobs Act and the One Big Beautiful Bill (and indirectly, President Trump) credit for making the expansion practical. (Emphasis added by author)

Amgen (NASDAQ: AMGN) today announced plans to invest more than $600 million in a new, state-of-the-art center for science and innovation at its global headquarters in Thousand Oaks, California.
The center is designed to bring together researchers, engineers and scientists across disciplines to enhance collaboration and accelerate the discovery of next-generation therapeutics for patients with the most serious diseases. The building will feature advanced automation and digital capabilities, empowering scientists with the tools and environment needed to drive scientific excellence and advancements in biotechnology.
Amgen's long-standing commitment to U.S. innovation and state-of-the-art operations is reflected in more than $40 billion invested in manufacturing and research and development since the passage of the Tax Cuts and Jobs Act (TCJA) of 2017. This investment includes over $5 billion in direct capital expenditures in the U.S. The enactment of pro-growth tax policies in TCJA, extended and reinforced by the One Big Beautiful Bill Act of 2025, further facilitates Amgen's ability to invest domestically in cutting-edge science and manufacturing.

That is, as someone once said, a big freaking deal. They aren't hemming and hawing over it, either; construction will begin forthwith, and it's not Amgen's only expansion.

Construction is expected to begin in Q3 2025 and create hundreds of U.S. jobs. Amgen has been headquartered in Thousand Oaks, California, part of the greater Los Angeles region, since the company's founding more than 45 years ago.
The announcement builds on other recent investments from the company including a $900 million expansion of its manufacturing facility in Central Ohio and a $1 billion investment to build a second manufacturing plant in Holly Springs, North Carolina.

Thousand Oaks is south of Simi Valley on the western end of the Los Angeles metropolitan area. Hopefully, Amgen has avoided having a homeless encampment spring up nearby, but then, they are offering jobs, so many of the homeless will likely avoid the area.

Trump Administration Quietly Rebrands 'One Big Beautiful Bill,' White House Explains Why

Amgen is part of a world I moved in for 30 years. They're one of the giants in an industry that, to be perfectly candid, all too often supports leftist policies and leftist politicians. (That's one of the reasons I'm having so much more fun doing what I do now.) So it's fun to see them openly crediting an act that never would have happened under Democrats for having this opportunity. Frankly, Governor Newsom should view this as a gift; this expansion will bring jobs to his state, which is fiscally underwater.

He'll never admit, of course, that it was Trump and GOP-led legislation that prompted Amgen to make this move. We know, of course, and Amgen knows, and maybe - just maybe - Amgen's Board of Directors will start rethinking their political donations.

And no, we're still not tired of winning.

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