Berkshire's New CEO Strikes $6.8 Billion Deal as Profit More Than Doubles on $13 Billion Investment Gain

3-line summary

• Under its new CEO, Berkshire Hathaway struck a $6.8 billion deal, repurchased shares and was a net buyer of other stocks, while quarterly profit more than doubled, according to a WSJ report.
• The company booked a near $13 billion gain on investments in the quarter and put $32 billion of its cash pile to work, according to a MarketWatch report.

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