Category Archives for "Latest Business News"

Berkshire Hathaway’s Recent Investments and Share Repurchases: Insights from Warren Buffett’s Annual Meeting

Warren Buffett’s Berkshire Hathaway has been making headlines recently with its investments in the oil and energy industry. The conglomerate now holds a roughly 22.1% stake in Occidental Petroleum, and has purchased 211.7 million shares of the company since the start of 2022. This move has sparked speculation about Berkshire Hathaway’s future investment strategy, particularly […]

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PacWest Bancorp explores strategic options, including possible sale, as regional banks struggle amid banking crisis

PacWest Bancorp, a regional bank based in Beverly Hills, has been struggling since the collapse of three rival California-based lenders and is now exploring strategic options, including a possible sale, according to several sources.[0] PacWest’s shares have fallen by 85% since the beginning of March and declined by 44% in late New York trading on […]

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Apple Faces High-Stakes Intellectual Property Case with Medical Firm Masimo over Allegations of Stealing Trade Secrets to Develop the Apple Watch

Apple has faced a high-stakes intellectual property case with medical firm, Masimo, over allegations of stealing trade secrets to develop the Apple Watch. Masimo has accused Apple of poaching its employees and stealing trade secrets to develop the pulse oximetry sensor used in the Apple Watch.[0] The company has sought over $1.8 billion in damages […]

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FDA Approves First Oral Fecal Microbiota Product for Preventing Recurrent C. difficile Infection

The US FDA has approved Vowst, the first fecal microbiota product that can be taken orally, according to a press release from Seres Therapeutics and Nestlé Health Science.[0] Vowst is approved for preventing the recurrence of Clostridioides difficile infection (CDI) in adults who are 18 years of age and older, following antibacterial treatment for recurrent CDI.[1] […]

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