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...Spirax-Sarco, a top engineering group, and AstraZeneca, the pharmaceuticals producer, sit at more than £90 for a single share....
...“It is not at all clear that Merck is doing anything other than extending its monopoly power over the drug,” Warren said....
...The US drugmaker has spent almost $30bn on acquisitions over the past two years, snapping up Arena Pharmaceuticals, Biohaven Pharmaceuticals, Global Blood Therapeutics, ReViral and Trillium Therapeutics....
...Berkshire’s securities filing on Monday showed that it continued to sell down investments in a handful of pharmaceutical companies in the final months of 2021....
...The companies did not respond to a request for comment on Warren’s statement....
...The “windfall profits” drew fire from Elizabeth Warren, liberal Democratic senator, who called on the SEC to consider regulatory “reforms that would prevent abusive practices”....
...Rivals AstraZeneca, Johnson & Johnson, Russia’s Sputnik V and new entrants such as Novavax make up the remainder of the market, which is forecast to double in value to $124bn next year....
...Chief executives rarely consume alcohol at lunch these days, especially pharmaceutical ones. But Albert Bourla has never really fitted the mould of the typical corporate boss....
...“Africa is a key market for Sputnik V,” said the Russian Direct Investment Fund, a Kremlin-run wealth fund overseeing Sputnik V’s foreign sales....
...Warren Buffett’s Berkshire Hathaway placed a $5.7bn bet on four US pharmaceutical stocks in the third quarter, as the billionaire investor dumped holdings in several of the largest US banks....
...‘Perfect scenario’ Those look like V-shaped projections, Andrew Glenn thought to himself....
...(Nikkei Asia via FT) Biden’s blow to Big Pharma Patents are the lifeblood of the pharmaceuticals industry....
...After such strong reads from the first two releases (three if we count Russia’s Sputnik V), the disappointing AZN figures were perhaps bound to prompt downward pressure on the company’s shares....
...In August, Russia became the first country to approve a Covid-19 vaccine — named Sputnik V — for civilian use, but western experts cast doubt on its efficacy and safety....
...If there is a sense from this earnings season that confidence in a V-shaped recovery for profits is misplaced, then the impact will probably be hardest on companies with weak balance sheets, and on those...
...One thing to start: Bill Ackman has sold his stake in Berkshire Hathaway, he disclosed on Wednesday, saying his hedge fund can seize on opportunities in the market faster than Warren Buffett’s sprawling...
...If Warren Buffett was already a folk hero among everyday investors, the 2008 financial crisis only cemented that reputation....
...Idexx said in October that the animal health market had experienced a “V-shaped recovery”....
...They want to curb not only Big Tech, but a number of other industries with dominant players — finance and pharmaceuticals — with more regulation....
...The sum is enough to buy all but a few dozen of the companies in the S&P 500, yet billionaire Warren Buffett, below, hasn’t yet been tempted to use that cash to buy a new glittering prize....
...Famed investor Warren Buffett has given up on the sector, selling his stakes in the four largest US carriers at a loss. “You’ve got too many planes,” he said....
...Beyond these three biotechs, Crispr could end up transforming the entire pharmaceutical industry....
...Their concentrated ownership of industries such as airlines and pharmaceuticals may push up travel and drug prices, some academics argue....
...On the last Sunday of April 2019, a sleek Gulfstream V jet belonging to Occidental Petroleum touched down at Omaha airport....
...In 2015, he advised Mylan on a successful defence against a hostile bid by Teva Pharmaceuticals....
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