“The latest results from Berkshire Hathaway show that the conglomerate had nearly $200 billion — $189 billion, to be precise —in cash at the end of the first quarter. That’s after Warren Buffett and company trimmed stakes in corporate giants including Apple and Chevron,” Market Watch reports.
“Elon Musk has an idea as to how some of that Berkshire Hathaway BRK.B, 0.59% BRK.A, 0.65% cash can be deployed — at Tesla TSLA, 1.92%, which, of course, is a company he runs.”
FTC Allows ExxonMobil’s Acquisition of Pioneer
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