Daily Archive: November 17, 2020

Warren Buffett is going all in on the vaccine rally, piling into these stocks

Warren Buffett’s Berkshire Hathaway Inc. is betting on big pharma as the industry’s fortunes swing on the development of a Covid-19 vaccine and therapeutics.

Berkshire disclosed new investments in Merck & Co. and Pfizer Inc. during the third quarter, while also adding bets on AbbVie Inc. and Bristol-Myers Squibb Co., according to a regulatory filing Monday. Meanwhile, Buffett’s conglomerate continued to cut stakes in financial companies, including Wells Fargo & Co. and JPMorgan Chase & Co.

Berkshire started snapping up the health stocks just months ahead of a disclosure from Pfizer and BioNTech SE that their vaccine protects most people from Covid-19, news that sent Pfizer stock soaring. Merck has also been pushing ahead with therapies for the virus.

The bets give Berkshire more exposure to pharmaceutical companies as officials prepare to ramp up efforts to distribute a Covid-19 vaccine whenever one is approved. Buffett’s company had stakes valued … Read More

Clashes flare in locked-down Greece on 1973 student revolt anniversary By Reuters

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© Reuters. Clashes during an annual march to mark the anniversary of a 1973 student revolt against the then military junta, that was banned due to the coronavirus disease (COVID-19) pandemic

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ATHENS (Reuters) – Demonstrators commemorating a bloody 1973 student uprising against the military junta then ruling Greece clashed on Tuesday with police trying to enforce a ban on public gatherings imposed to combat the spread of the coronavirus.

Police fired teargas and used water cannons to disperse protesters who tried to march through the capital Athens, disregarding the ban which the government said was vital to protect public health during a pandemic.

Leftist and Communist opposition parties slammed the decision as “authoritarian”.

Earlier in the day, police did not intervene as dozens of Communist KKE party members wearing masks and heeding social distancing rules held a separate rally in the centre of Athens to mark the uprising

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