(Reuters) – Warren Buffett’s Berkshire Hathaway bought around 2.57 million shares of common stock in Occidental Petroleum over June 5-7, according to a U.S. securities filing. Buffett’s company bought additional shares in Occidental’s common stock for more than $150 million and now owns about 250.6 million shares in the energy producer. Occidental shares closed at…
By Michael Erman (Reuters) – A 15-day course of Pfizer’s COVID-19 antiviral treatment Paxlovid did not relieve symptoms of long COVID, according a study by Stanford University researchers. Currently, there are no proven treatments specifically for long COVID in which a host of symptoms can last for many months after initial coronavirus infection. Scientists and…
TOKYO (Reuters) – Nippon Steel Vice Chairman Takahiro Mori met with U.S. Steel’s employees and community leaders this week to gain better understanding of its proposed acquisition of the U.S. company and saw positive reaction, a company spokesperson said. Mori, the key negotiator for the U.S. Steel deal, returned to the United States this week,…
By Maha El Dahan DUBAI (Reuters) – Saudi Arabia placed over half of an $11.2 billion share sale in Aramco with foreign investors, two people with knowledge of the matter told Reuters on Saturday. Saudi Arabia has been seeking to lure international investment to pour tens of billions of dollars into projects to diversify away…
By Nidal al-Mughrabi CAIRO (Reuters) – With a renewed ceasefire push in the eight-month-old Gaza war stalled, Israel bombarded central and southern areas again on Friday, killing at least 28 Palestinians, and tank forces advanced to the western edges of Rafah. U.S.-backed Qatari and Egyptian mediators have tried again this week to reconcile clashing demands…
(Reuters) – Education technology company PowerSchool Holdings said on Friday it would be acquired by Bain Capital in a deal valuing the firm at $5.6 billion. Under the terms, PowerSchool stockholders will receive $22.80 per share in cash and existing shareholders — Vista Equity Partners and Onex Partners — will continue to have minority investments…
By Patrick Wingrove (Reuters) – AbbVie’s top-selling arthritis drug Humira has held onto more than 80% of patients after facing nine lower-priced rivals in the U.S. in the last year, raising questions about whether the market for prescription biosimilars can survive in its current form, drug pricing experts and analysts say. Humira, which lists for…
(Reuters) – Walgreens Boots Alliance has shelved plans for a potential initial public offering of its UK-based Boots drugstore chain as sale talks continue, Bloomberg News reported on Friday citing people with knowledge of the matter. The pharmacy chain is now exploring other options for Boots and has continued informal talks with potential buyers, including…
MEXICO CITY (Reuters) – Mexican President-elect Claudia Sheinbaum is set to prioritize public internet access after taking office, one of her advisors said on Wednesday. Jose Merino, an advisor to Sheinbaum on digital strategy, said in a conference that the state must reach areas of the country that private telecoms companies do not cover. Sheinbaum…
By Alexandra Ulmer (Reuters) – A major spending group backing Republican Donald Trump brought in nearly $70 million in donations last month and plans to spend $100 million in advertising over the summer across U.S. election battleground states, according to a memo sent to donors and seen by Reuters. The June 4 memo, written by…
