Diamonds and Dogs


AveXis (AVXS), one of the leaders in replacement gene therapy, is trading up 81% after agreeing to be acquired for $8.7 billion or $215 in cash by Novartis. The deal is a strong endorsement of the developing biotechnology. AveXis has probably the highest-profile treatment in the field with its gene therapy for the most severe form of spinal muscular atrophy.

Newmont Mining (NEM) down 1%, one of the few S&P 500 components trading lower following a tragic accident at the Ahafo gold mine in Ghana that claimed the lives of six employees. The roof of the Ahafo Mill Expansion ("AME") project tunnel collapsed while a contractor crew of eight people was working inside. Though the company was prompt in responding, six people lost their lives. The company has decided to suspend the AME project and will resume operations at the project only after satisfactory safety measures have been ensured.

Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.