• Electric vehicle stocks recover, but the road may not end well

    9 days ago - By Fortune

    Last time we checked in with the electric vehicle sector at Data Sheet-about two years, sorry, two months, no, checks web archive , two weeks ago- things were not good .
    The crowd of revenue-free startups planning to produce EVs down the road, like Fisker, Hyliion, and Lordstown, were plunging amid a growing aversion to risky stocks and concern that consumers might not be ready to go electric. Even market leader Tesla , which produces more than 1,500 electric cars a day, lost one-eighth its value, or about $50 billion.
    But a couple of things have changed in November. For one, former vice...
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  • Warren Buffett's Berkshire Hathaway plowed more than $5 billion into 4 pharma stocks last quarter. He's been teasing a bet on the sector for more than 20 years

    Warren Buffett's Berkshire Hathaway plowed more than $5 billion into 4 pharma stocks last quarter. He's been teasing a bet on the sector for more than 20 years

    9 days ago - By Business Insider

    Summary List Placement
    Warren Buffett's Berkshire Hathaway bought more than $5 billion worth of AbbVie, Bristol Myers Squibb, Merck, and Pfizer stock last quarter.
    The billionaire investor has been teasing a wager of that kind for more than 20 years.
    "If we could buy a group of leading pharmaceutical companies at a below-market multiple, I think we'd do it in a second," Buffett said at Berkshire's annual meeting in 1999.
    Buffett also touted a "basket approach" to the pharmaceutical industry as a way to deploy "quite a bit of money" in 2002.
    Visit Business Insider's homepage for more...
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  • Warren Buffett's Berkshire Hathaway plowed more than $5 billion into 4 pharma stocks last quarter. He's been teasing a bet on the sector for more than 20 years

    9 days ago - By Business Insider

    Bill Pugliano/Getty
    Warren Buffett's Berkshire Hathaway bought more than $5 billion worth of AbbVie, Bristol Myers Squibb, Merck, and Pfizer stock last quarter. The billionaire investor has been teasing a wager of that kind for more than 20 years. "If we could buy a group of leading pharmaceutical companies at a below-market multiple, I think we'd do it in a second," Buffett said at Berkshire's annual meeting in 1999. Buffett also touted a "basket approach" to the pharmaceutical industry as a way to deploy "quite a bit of money" in 2002. Visit Business Insider's homepage for more stories...
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