Renowned value investor Jeremy Grantham is placing his bets on a select group of stocks with the launch of his firm’s premier active ETF: the GMO U.S. Quality ETF. Tom Hancock, a partner at GMO, has been entrusted with the strategy for this new endeavor. “There’s a lot more interest in active ETFs than there …
Warren Buffett.Getty Images / Bill Pugliano Warren Buffett’s company sold a bunch of stocks and made at least one confidential bet last quarter. Berkshire Hathaway exited long-held stakes in GM, J&J, P&G, UPS and Mondelez. Berkshire didn’t disclose one or more of its purchases as it was still building its positions. Warren Buffett’s Berkshire Hathaway …
Warren Buffett.Mario Anzuoni/Reuters Warren Buffett’s disciples got a rare peek inside his personal stock portfolio this week. The investor sold nearly $500 million of stocks over 20 years, ProPublica reported, citing IRS data. Buffett’s private holdings have reportedly included Wells Fargo, Walmart, and Johnson & Johnson. Warren Buffett’s followers got a rare glimpse inside his …
Johnson & Johnson on Tuesday reported adjusted earnings and revenue that surpassed Wall Street’s expectations, while raising full-year guidance due to strong sales in the pharmaceutical and medical devices businesses. This marks J&J’s first quarterly report since the completion of its separation from consumer health spinoff Kenvue in August, which is the largest reorganization in …
McDonald’s french fries being prepared. Daniel Acker | Bloomberg | Getty Images Discover the latest news surrounding prominent companies during midday trading. Rivian Automotive — Rivian Automotive shares plummeted by 19% after the electric vehicle manufacturer announced its intention to raise $1.5 billion through convertible notes. Additionally, their preliminary revenue guidance for the third quarter …
A pharmacist holds a bottle of the drug Eliquis, made by Pfizer Pharmaceuticals, at a pharmacy in Provo, Utah, January 9, 2020. George Frey | Reuters All drugmakers of the first 10 medicines selected for Medicare drug price negotiations have agreed to participate in the talks, even after many of them sued to halt the …
A pharmacist holds a bottle of the drug Eliquis, made by Pfizer Pharmaceuticals, at a pharmacy in Provo, Utah, January 9, 2020. George Frey | Reuters A federal judge on Friday denied a preliminary injunction sought by the Chamber of Commerce, one of the largest lobbying groups in the country, which aimed to block the …
In this photo illustration, Farxiga is made available to customers at the New City Halsted Pharmacy on August 29, 2023 in Chicago, Illinois. Scott Olson | Getty Images AstraZeneca, Bristol Myers Squibb and Boehringer Ingelheim confirmed their participation in the inaugural Medicare drug price negotiations despite previously filing a lawsuit last month. Among the first …
Johnson & Johnson, the renowned healthcare company, has decided to bid farewell to its long-standing signature script logo. The company announced on Thursday that it will replace the traditional script with a modern look that better represents its focus on pharmaceuticals and medical devices. The original script, derived from the signature of co-founder James …
Cold and flu medicine including Nyquil sits on a store shelf on September 12, 2023 in Miami, Florida. Joe Raedle | Getty Images The main ingredient used in many popular over-the-counter cold and allergy medications does not actually work to alleviate nasal congestion, as declared by an advisory panel to the Food and Drug Administration …