Diamonds and Dogs
Bristol Myers Squibb (BMY) gets positive drug data. Bristol is up 3.5% after experimental plaque psoriasis oral drug proved more effective in clearing moderate to severe cases of the skin condition than placebo or Amgen Inc's Otezla in a late-stage study. The skin condition affects 7.5 million Americans and is the most prevalent autoimmune disease in the United States, according to the National Institutes of Health.
Alibaba (BABA) taking a hit. The Chinese version of Amazon is lower by 8% as one of their holdings, the FinTech firm, Ant Group has suspended their $34 billion IPO due to new regulatory changes. The IPO would've valued Ant Group at more than $300 billion and Alibaba owns a 33% stake in firm.
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.