Eric Platt in New York
Warren Buffett’s Berkshire Hathaway placed a $5.7bn bet on four US pharmaceutical stocks in the third quarter, as the billionaire investor dumped holdings in several of the largest US banks.
Berkshire added 21.3m shares of AbbVie, 30m shares of Bristol-Myers Squibb, 22.4m shares of Merck and 3.7m shares of Pfizer to its $245bn equity portfolio, according to a filing with the US securities regulator on Monday.
The investment in drugmakers by “the Oracle of Omaha” will be...
Moneycontrol Pro Panorama | Robinhood missed the mark on a bumper listing
Jul 30, 2021 / 04:26 PM IST
In today’s edition of Moneycontrol Pro Panorama: Why Robinhood stumbled, the problem with IMF forecasts, the Immunity Tracker, Tech Mahindra’s growth appeal, Tactical Pick, the Indian startup rage, China pushes back on crypto and more