Hints and tips:
...Warren Buffett’s Berkshire Hathaway dramatically slowed new investment in the second quarter after setting a blistering pace at the start of the year, as the US stock market sell-off pushed the insurance-to-railroad...
...He refused and that experience sent him down a different path into retail, via pharmacies, and fuelled his life-long suspicion of the university’s graduates....
...The investor group had in 2018 tried to list Albertsons through a reverse merger with Rite Aid, the pharmacy chain, but the deal collapsed when Rite Aid shareholders objected....
...And then there is Warren Buffett....
...John Sculley, the former chief executive of Apple who now leads RXAdvance, a PBM cloud platform, said companies like his — and Amazon, which bought online pharmacy PillPack last year — will introduce transparency...
...Set up by three entrepreneurs in San Francisco in 2015, who will continue at the helm, the app-based venture, works by sourcing products from supermarkets, pharmacies and other retailers and delivering them...
...The world’s largest sovereign wealth fund has taken aim at Warren Buffett’s energy companies, excluding one from its portfolio and putting two others under observation because of their use of coal....
...Amazon, JPMorgan Chase and Warren Buffett’s Berkshire Hathaway have named Atul Gawande, a surgeon and writer, as chief executive of a joint venture to tackle US employee healthcare....
...The expected foray from Amazon was in pharmacy. It helped prompt the pending defensive, and expensive, $77bn acquisition of insurer Aetna by pharmacy chain CVS....
...pharmacy benefits managers (PBMs)....
...The same words apply, with a similar implication, to Jeff Bezos, Jamie Dimon and Warren Buffett....
...“The ballooning costs of healthcare act as a hungry tapeworm on the American economy,” said Warren Buffett, chairman and chief executive of Berkshire Hathaway....
...The view comprised a warren of ductwork, a brick wall, and a small patch of sky. A few windows of the building across Lafayette were visible, in one of which, I swear, sat an Emmy....
...Warren Buffett once observed that, “When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.”...
...(FT) Japan Inc goes global for M&A advice Only three domestic brokerages rank among the top-ten deal advisers in Japan during the third quarter. Why is Japan Inc looking for foreign advice?...
...“Even after the generic is introduced, the branded drugmakers can make a lot of money,” explains Dr Steve Miller, chief medical officer of Express Scripts, a large pharmacy benefits manager, or PBM, that...
...(Financial Times) Walgreens urged to leave US to gain tax benefit: Walgreens has come under pressure from an influential group of its shareholders, who want the US pharmacy chain to consider relocating...
...In the past quarter, Loblaw, Canada’s biggest retailer by sales, acquired the pharmacy chain Shoppers Drug Mart for $12bn while Sobeys, another local chain, bought Safeway’s Canadian stores for $5.7bn....
...The “Sage of Omaha” also purchased businesses he liked, often found close to home and run by people he knew, such as National Indemnity, an insurer, in 1969, and Nebraska Furniture Mart in 1983....
...Kleinman cites Warren Buffett’s BNSF railway as another example of substitution; that’s indeed a big company that uses a lot of diesel. Yet its move to natural gas is nowhere near certain....
...overtly pro-business in a gentle way that seems almost quaint, as Mr Buffett urges the attendees to open their wallets in the exhibition hall outside the meeting, or take a trip to the Nebraska Furniture Mart...
...Mr Buffett himself has pointed to retail giant Wal-Mart as a family business that successfully opted for professional managers after the death of Sam Walton, its founder, in 1992....
...GSK, for example, has 250 employees dedicated to securing regulatory approvals and almost half of its sales are made through pharmacies....
...Under the program, suppliers can sell their Wal-Mart invoices to the retailer’s partner banks, including Wells Fargo & Co. and Citigroup Inc., according to the letter, at interest rates based partly on Wal-Mart...
...Between 1998 and 2005 he worked for Wal-Mart’s international division holding a range of commercial positions, rising to Chief Operating Officer in Germany....
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