Tag: warren-buffett
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Buffett, Munger slam Valeant; drugmaker turned into ‘a sewer’
Warren Buffett and Charlie Munger made clear that they are no fans of embattled drugmaker Valeant Pharmaceuticals International Inc. “In my view, the business model of Valeant was enormously flawed,” Buffett said at the annual Berkshire Hathaway meeting on Saturday.
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Buffett defends Berkshire’s big Coke stake
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…
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Facebook’s CEO and wife to give 99 percent of shares to their new foundation
By Yasmeen Abutaleb SAN FRANCISCO (Reuters) – Mark Zuckerberg will put 99 percent of his Facebook Inc shares, currently worth about $45 billion, into a new philanthropy project focusing on human potential and equality, he and his wife said Tuesday in a letter to their newborn daughter. The plan, which was posted on the Facebook…