President-elect Donald Trump’s choice to nominate Robert F. Kennedy Jr., a well-known vaccine skeptic, to head the Department of Health and Human Services has significant implications for pharmaceutical companies. This move caused a drop in the shares of pharma stocks, especially vaccine manufacturers, when news of the selection first emerged. The Club owns Eli Lilly.
Warren Buffett’s Berkshire Hathaway reduced its holdings in Ulta Beauty during the third quarter, having only increased its position in the second quarter, according to regulatory filings. It remains uncertain if Buffett was fully aware of the Ulta stake. He did not engage with the management. It is worth mentioning that Buffett has two investment deputies, Ted Weschler and Todd Combs, who manage some funds.
Conversely, Berkshire acquired a stake in Domino’s Pizza during the quarter, leading to a rise in the chain’s shares on Friday. Considering Berkshire’s investment, should one consider purchasing Domino’s? Perhaps based on CEO Russell Weiner’s leadership. It is unclear how much Buffett is currently involved in these investments. Is he merely a figurehead in these decisions?
