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Berkshire Pares Stakes in Apple and BofA, Adds New York Times Position
WSJ· 2026-02-17 21:31
Core Insights - In Warren Buffett's final quarter as CEO, the company reduced its stake in the iPhone manufacturer [1] Group 1 - The company further trimmed its holdings in the iPhone maker during this period [1]
Wall Street Pauses AI Selloff in Choppy Start for Stocks
WSJ· 2026-02-17 21:28
Group 1 - Amazon.com and Nvidia recovered from early losses to end the trading day positively [1] - The three major stock indexes each experienced a rise of 0.1% [1]
Caesars Swings to Loss, But CEO Says Outlook Looks Stable
WSJ· 2026-02-17 21:19
Group 1 - The betting company reported a decrease in profit compared to the prior-year quarter [1] - The decline in profit was primarily attributed to gains on asset sales exceeding $350 million in the previous year [1]
Fed's Barr Wants Proof Goods Inflation Is Retreating Before Additional Rate Cuts
WSJ· 2026-02-17 19:58
Group 1 - The job market is described as "especially vulnerable to negative shocks" due to low levels of job creation and a low firing rate [1]
Robinhood Says Its Private-Markets Fund Will Go Public in Coming Weeks
WSJ· 2026-02-17 19:39
Group 1 - The retail-trading platform anticipates that its Robinhood Ventures Fund I will go public in the upcoming weeks [1] - The public listing is expected to occur on the New York Stock Exchange under the ticker symbol RVI [1]
Bayer Proposes New $7 Billion Plan to Settle Roundup Litigation
WSJ· 2026-02-17 19:02
Group 1 - The company states that the settlement would address the majority of outstanding cases related to cancer claims [1] - The Supreme Court has agreed to hear Bayer's appeal aimed at neutralizing these cancer claims [1]
Resilient U.S. Oil Production Is a Boon to Trump. How Long Will It Last?
WSJ· 2026-02-17 17:00
Core Insights - The oil industry has exceeded expectations over the past year by maintaining record-breaking production levels despite low crude prices [1] - Major drilling companies are bracing for a potential slowdown in production [1] Industry Performance - The oil patch has shown resilience by achieving high production rates even when crude prices were low [1] - This performance indicates a strong operational capability within the industry to adapt to challenging market conditions [1] Future Outlook - Big drillers are preparing for a slowdown, suggesting that the current high production levels may not be sustainable in the near future [1] - This preparation indicates a cautious approach to future investments and operational strategies within the industry [1]
IHS Towers Agrees to Be Bought by MTN Group for $6.2 Billion
WSJ· 2026-02-17 15:42
The telecommunications company said that MTN, a South Africa-based mobile operator, has agreed to pay $8.50 a share to IHS shareholders, which it said was a 36% premium to the company's one-year weigh... ...
Fed's Goolsbee Says Future Rate Cuts Depend on Inflation Progress
WSJ· 2026-02-17 15:28
Chicago Fed President Austan Goolsbee continued to express his view that policymakers could make several more rate cuts if inflation shows it is headed back to the Fed's 2% target. ...
Novo Nordisk's Wegovy Weight Loss Shot Approved at Higher Dose in EU
WSJ· 2026-02-17 14:39
Core Insights - A study found that patients on a higher dose of 7.2 milligrams for approximately 18 months experienced an average body weight loss of 21% [1] Group 1 - The dosage of 7.2 milligrams was associated with significant weight loss in patients [1] - The duration of the study was about 18 months, indicating a long-term effect of the treatment [1] - The average weight loss reported was 21%, highlighting the efficacy of the higher dosage [1]