Markets

Warren Buffett’s Berkshire Hathaway plowed more than $5 billion into 4 pharma stocks last quarter. He’s been teasing a bet on the sector for more than 20 years

Warren Buffett’s Berkshire Hathaway bought more than $US5 billion worth of AbbVie, Bristol Myers Squibb, Merck, and Pfizer stock last quarter. The billionaire investor has been teasing a wager of that kind for more than 20 years. “If we could buy a group of leading pharmaceutical companies at a below-market […]
Warren Buffett’s Berkshire Hathaway plowed more than $5 billion into 4 pharma stocks last quarter. He’s been teasing a bet on the sector for more than 20 years
Markets

AbbVie, Merck, and Pfizer shares jump after Warren Buffett’s Berkshire Hathaway reveals it bought them last quarter

The “Buffett Effect” lifted AbbVie, Merck, Bristol Myers Squibb, and Pfizer shares on Tuesday. The four pharmaceutical stocks jumped after Warren Buffett’s Berkshire Hathaway revealed that it invested in them last quarter. The famed investor’s company disclosed stakes worth $US1.8 billion to $US1.9 billion in AbbVie, BMS, and Merck, as […]
AbbVie, Merck, and Pfizer shares jump after Warren Buffett’s Berkshire Hathaway reveals it bought them last quarter
Markets

Abbvie is buying Allergan in a $63 billion pharma mega-deal

AbbVie has agreed to buy Allergan in a $US63 billion cash-and-stock deal. Allergan shareholders will receive 0.8660 AbbVie shares and $US120.30 in cash for each Allergan share that they hold, totaling $US188.24 per Allergan share. The offer represents a 45% premium to the closing price of Allergan’s shares on Wednesday. […]
Abbvie is buying Allergan in a $63 billion pharma mega-deal
Markets

A new treatment for a condition that can feel like tiny people skating on razor blades in your stomach and affects an estimated 200 million women just got approved

The FDA just approved elagolix, a new treatment for women living with endometriosis. Endometriosis, a condition that affects millions of women, occurs when tissue from the uterus grows outside of it, leading to cysts, heavy bleeding, and scarring. It’s the first new treatment in a pill form for the disorder […]
A new treatment for a condition that can feel like tiny people skating on razor blades in your stomach and affects an estimated 200 million women just got approved
Markets

Allergan started out as a tiny but beloved Southern California eye care firm before expanding to a $130 billion company. Here’s how the Botox-maker fell out grace with investors and then became a takeover target.

AbbVie is acquiring Botox-maker Allergan in a $US63 billion deal, the companies said Tuesday. Allergan has had a long history dating back to the 1940s. Over the years it’s gone through major acquisitions, including some that have fallen through. Visit Business Insider’s homepage for more stories. Allergan, the pharmaceutical company […]
Allergan started out as a tiny but beloved Southern California eye care firm before expanding to a $130 billion company. Here’s how the Botox-maker fell out grace with investors and then became a takeover target.