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Warren Buffett’s Berkshire Hathaway Inc. is gambling on big pharma since the sector’s fortunes swing to the progression of a Covid-19 vaccine and therapeutics. , according to a regulatory filing Monday. Meanwhile, Buffett’s conglomerate continued to reduce stakes in financial firms, such as Wells Fargo & Co. and JPMorgan Chase & Co.. Berkshire began snapping […]
Beijing’s quest for chip independence is made in Taiwan
This is the web version of Eastworld, Fortune’s newsletter focused on business and technology in Asia. Subscribe here to get future editions in your inbox. On Monday, we learned that China’s economy roared back to a pre-pandemic growth rate of 6.5% in the final quarter of last year, pushing expansion for the full year to 2.3%. That […]
World leaders are aghast at ‘disgraceful scenes’ of Trump supporters storming U.S. Capitol
Even by the standards of the past four years, the dismay among U.S. allies came strong and fast on Wednesday, as the chaotic—even terrifying—footage of Trump supporters breaching the Capitol building in Washington, D.C., blew apart regular programming around the world, and millions sat glued to their televisions for hours, aghast as the events unfolded. […]