Billionaire Buffett's Berkshire invests in four big drugmakers


Investors monitor Omaha, Nebraska-based Berkshire's quarterly filings to see where Buffett and his portfolio managers Todd Combs and Ted Weschler see value.

NEW YORK: Billionaire Warren Buffett's Berkshire Hathaway Inc said on Monday it has begun investing in the stocks of four large drugmakers.

In a regulatory filing detailing its U.S.-listed investments as of Sept. 30, Berkshire disclosed new stakes in Abbvie Inc, Bristol-Myers Squibb Co and Merck & Co of more than $1.8 billion each, and a new $136 million stake in Pfizer Inc.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

I-Berhad posts earnings jump to RM12.94mil in 3Q
EA Technique unit bags three contract extensions with PETRONAS for RM63.9mil
CelcomDigi records 3Q net profit of RM436.98mil, declares 3.6c div/share
FBM KLCI rebounds over 10 points to cross 1,600 level
Thai Q3 GDP grows 3.0 y-o-y, fastest pace in two years
RM11 MAHB privatisation offer provides immediate gains for investors - CIMB
Oil prices edge higher after Russia-Ukraine tensions escalate
Malaysia-Brazil partnership instrumental to Yinson's success
Ringgit advances as domestic optimism offsets US rate concerns
Foreign investors record RM259.8mil weekly net outflow from Bursa Malaysia

Others Also Read