Text size JOSH EDELSON / AFP via Getty Images Centrica’s shares soared more than 17% after it agreed to sell Direct Energy, its North American energy business, to NRG Energy for $ 3.6 billion in cash. Houston-based Direct Energy provides electricity, natural gas, and home services to consumers and businesses …
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Berkshire Hathaway now owns 981.6 million Bank of America shares worth around $ 24 billion. Houston Cofield / Bloomberg Text size Bank of America is Warren Buffett’s favorite bank. Berkshire Hathaway (ticker: BRK.B) collected 33.9 million shares last week, paying around $ 810 million, or an average price of around …
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Covid-19 vaccines are poised to become big business. Its potential to generate staggering revenue has already added billions of dollars to the market value of drug makers like Pfizer and Moderna.. That promise is also drawing scrutiny in Washington. Rising prescription drug costs are one of the few problems where …
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Text size Maddie Meyer / Getty Images Moderna on Thursday lost a patent case that had been almost entirely overlooked as the stock increased due to excitement over the company’s Covid-19 vaccine, which will be tested in a large Phase 3 trial to begin. next week. What the decision issued …
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Text size Joe Raedle / Getty Images Major airlines survived what was probably the worst quarter in modern aviation history. Carriers lost billions of dollars, as expected, and the issue that emerged is that their recovery stalled in July when Covid-19 cases increased and states imposed quarantine measures. Most airlines …
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