Warren Buffett on Saturday vigorously defended Berkshire Hathaway Inc’s large, long-standing investment in Coca-Cola Co, rejecting critics who say the company’s sugary drinks harm people’s health. Speaking at Berkshire’s annual shareholder meeting in Omaha, Nebraska, Buffett said it seemed “spurious” to argue that calories from Coke alone were a significant factor in obesity levels. Hedge fund manager William Ackman, among others, has said he would not own Coke stock.
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Buffett defends Berkshire’s big Coke stake