Gilead shares up after FDA approves breakthrough cancer treatment
The FDA has approved a new cancer treatment developed by Gilead's $11B acquisition Kite Pharma. Yahoo Finance’s Alexis Christoforous, Rick Newman, and Nicole Sinclair have more.
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The US could give homeowners a $980 billion stimulus at no additional cost, 'Oracle of Wall Street' says
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Barrons.comBerkshire pares huge Apple stake as cash, operating profit set records
Berkshire Hathaway significantly reduced its enormous stake in Apple in the first quarter, as Warren Buffett's conglomerate let its cash hoard swell to a record $189 billion. Buffett's company also posted a record operating profit exceeding $11 billion, as its insurance operations benefited from improved underwriting and higher income from investments as interest rates rose. The value of Berkshire's stake in Apple fell 22% to $135.4 billion as of March 31 from $174.3 billion at the end of 2023, even though the iPhone maker's share price fell just 11% in the quarter.
ReutersWarren Buffett pays tribute to Charlie Munger on a 'tough day' for shareholders
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Yahoo FinanceBillionaires Bill Gates and Warren Buffett Both Own This Stock -- and It's Trounced the S&P 500 Over the Long Run
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BenzingaThe CEO Who Hired His Wife, Gave His Dog a Title, and Brought Down a Bank
Vernon Hill’s Commerce Bancorp was about to open its first New York City branch in 2001 when his wife, Shirley, called wanting to know whether dogs could be allowed inside. Shirley Hill, also the branch designer, had been stopped from bringing the couple’s Yorkshire terrier, Sir Duffield, into other banks. Vernon Hill, the bank’s founder and chief executive, declared it “just another stupid bank rule” and launched a campaign to encourage dogs to visit Commerce.
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