Month: May 2020

Governments, businesses and individuals are seeking such blood tests, to help them learn more about who may have had the disease, who may have some immunity and to potentially craft strategies to end lockdowns that have battered global economies. Roche had previously pledged to make its antibody test available by early May and to boost production by June to “high double-digit millions” per month. The Basel-based company, which also makes separate molecular tests to identify people with active COVID-19 infections, said its antibody test, Elecsys Anti-SARS-CoV-2, has a specificity rate of about 99.8% and sensitivity rate of 100%. …read more […]

(Bloomberg) — U.S. daily coronavirus cases rose faster than the one-week average, with New York adding another 4,663 cases and Texas reporting its biggest one-day rise. New York City’s mayor reiterated a call for federal financial aid as the state’s governor said new deaths were higher.U.K. fatalities neared the toll for Italy, which reported a jump that kept its tally the highest in Europe.Warren Buffett said Berkshire Hathaway has sold its entire stake in four major airlines as a result of the economic fallout from the virus. The Philippines halted all commercial flights starting Sunday.Australia continued to relax curbs, with …read more […]

(Bloomberg) — Once again, when stocks rally, it’s Europe that’s left behind.With the S&P 500 about 30% above its March lows, the Stoxx 600 index has lagged behind with a 21% bounce, despite having fallen more than the U.S. in the global selloff sparked by the coronavirus pandemic.The reason? For starters, there’s the market’s makeup: Europe has a large presence of cyclical sectors, such as banks and energy, which have underperformed during this crisis. On top of that, the region has led the recent wave of dividend cuts by major companies. Investors have also been disappointed by the scale of …read more […]

The ongoing U.S. travel crisis is causing thousands of job cuts as the aviation sector waits for passengers to return to the skies but braces for years of lower demand because of the coronavirus pandemic. U.S. airlines are slashing hundreds of thousands of flights, cutting schedules by 80% or more through at least June and parking thousands of jets as demand for tickets has plunged by about 95%. Airlines are requiring facial coverings and implementing new cleaning procedures to try to convince passengers it is safe to fly again, but also fear the weakened economy may further drag …read more […]

Governments, businesses and individuals are seeking such blood tests, to help them learn more about who may have had the disease, who may have some immunity and to potentially craft strategies to end lockdowns that have battered global economies. Roche had previously pledged to make its antibody test available by early May and to boost production by June to “high double-digit millions” per month. The Basel-based company, which also makes separate molecular tests to identify people with active COVID-19 infections, said its antibody test, Elecsys Anti-SARS-CoV-2, has a specificity rate of about 99.8% and sensitivity rate of 100%. …read more […]

The conglomerate had held sizeable positions in the airlines, including an 11% stake in Delta Air Lines, 10% of American Airlines Co, 10% of Southwest Airlines Co and 9% of United Airlines at the end of 2019, according to its annual report and company filings. Buffett said the airline industry’s outlook rapidly changed. Berkshire disclosed on April 3 it had sold about 18% of its Delta stake and 4% of its Southwest shares. …read more […]

Legendary investor Warren Buffett largely defended the practice of stock repurchases, noting that there are “lots of crazy things” said about companies buying back their own stock and that it’s “very politically correct” to be against it. …read more […]

Berkshire Hathaway CEO Warren Buffett and Vice Chairman Greg Abel discuss why the company didn’t repurchase its own shares recently. …read more […]

Berkshire Hathaway CEO Warren Buffett answers a question about tax liabilities tied to the company’s A shares. …read more […]

Berkshire Hathaway CEO Warren Buffett discusses the company’s role in the takeover of Anadarko Petroleum and the future of oil production. …read more […]

Berkshire Hathaway CEO Warren Buffett and Vice Chairman Greg Abel explain why they have confidence in the conglomerate’s assets and investments. …read more […]

Warren Buffett talked about the changing retail and commercial real estate business at Berkshire Hathaway’s annual meeting with shareholders. …read more […]