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Berkshire Hathaway shares are near all-time highs ahead of the conglomerate's annual shareholder meeting, but a few worries are weighing on analysts' minds. BRK.B ALL mountain Berkshire Hathaway Class B shares But that doesn't mean the stock is without its problems. Berkshire Hathaway Energy Berkshire Hathaway has been contending with several high-profile lawsuits in recent months, including the settlement this year of a billion-dollar lawsuit with the Haslam family over how Berkshire valued Pilot Travel Centers, a truck-stop giant. Her 12-month price target of $472 implies Berkshire shares can climb roughly 18% from Thursday's closing price of $400.60 per share. "I think that the future is very bright for Berkshire Hathaway," Shanahan said.
Persons: Berkshire Hathaway, Cathy Seifert, Berkshire Hathaway Energy Berkshire Hathaway, Haslam, PacifiCorp, Warren Buffett's Berkshire Hathaway, Buffett, Edward Jones, James Shanahan, CFRA's Seifert, Seifert, Shanahan, Bull Organizations: Berkshire, Berkshire Hathaway, CFRA Research, Berkshire Hathaway Energy Berkshire, Travel Centers, Berkshire Hathaway Energy, Federal Reserve, CNBC Locations: Berkshire, Oregon, Northern California, Warren, Woodstock, Omaha , Nebraska
It’s expected to become a Schedule III controlled substance, a classification shared by prescription drugs such as ketamine and Tylenol with codeine. Here’s what else you might have missed during your busy day:5 thingsKeith Davidson, who represented Stormy Daniels and Karen McDougal, is questioned. Jane Rosenberg1️⃣ Trump on trial: Donald Trump removed the online posts that a judge ruled violated his gag order in the New York criminal hush money case. The former president also was fined $9,000, and a former attorney who represented Stormy Daniels and Karen McDougal testified. 5 Things PM is produced by CNN’s Tricia Escobedo, Meghan Pryce and Kimberly Richardson.
Persons: ane R, Ed, bil, Lis, r., Gupta, Loo, Cheng S Organizations: acc, ld, CNN
Read previewThe winner of Oregon's $1.3 billion Powerball jackpot is a 46-year-old Laos-born immigrant who opted to take his winnings in a lump-sum payment — meaning he'll get $422 million. AdvertisementThe total amount to be received by Saephan, his wife, and Chao is $422,309,193.97 after taxes, per the Oregon Lottery. Previously, the biggest Oregon jackpot was announced in 2005 and worth $340 million. The Oregon Lottery said ticket sales have since 1985 earned some $15.5 billion that goes toward parks, schools, veteran services, and other state expenses. AdvertisementThe biggest-ever lottery jackpot in the US was $2.05 billion, won by Edwin Castro in California in November 2022.
Persons: , Cheng Saephan, he's, Saephan, who's, he'd, Laiza Chao, Chao, Edwin Castro Organizations: Service, Business, Oregon Lottery, Powerball Locations: Laos, Portland, Oregon, California, Texas , Arizona, Georgia , New Jersey, Maryland
CNN —An Oregon man who says he’s been battling cancer for eight years and received chemotherapy just last week is among three winners of this month’s $1.3 billion Powerball jackpot. They will have a good life,” Cheng Saephan, 46, said Monday at an Oregon Lottery news conference. This win was also the largest Powerball prize won in Oregon. The winning ticket was sold at a Plaid Pantry convenience store in Portland, according to the Oregon Lottery. “She’s driving on the way to work,” Saephan said.
Persons: he’s, Cheng “ Charlie ” Saephan, Duanpen Saephan, Laiza Chao, Chao, , ” Cheng Saephan, ” Saephan, , Saephan Organizations: CNN, Oregon Lottery, Plaid Pantry Locations: An Oregon, Oregon, Portland, Laos, Milwaukie , Oregon
META YTD mountain Meta Platforms YTD Meta has the biggest tailwind on Earth being dangled in front of it — the newly signed law that says Chinese company ByteDance must sell TikTok or face a U.S. ban on the short-form video platform. AMZN YTD mountain Amazon YTD Amazon is also in the loved category but reports this coming Tuesday. NVDA YTD mountain Nvidia YTD I have no idea how Nvidia got to be a fence-sitter. AVGO YTD mountain Broadcom YTD Broadcom is iffy. CRM YTD mountain Salesforce YTD Salesforce has become mighty complicated.
Persons: I'm, Mark Zuckerberg, Meta, Andy Jassy, It's, Claude AI, Jensen Huang, Nvidia's, hasn't, it's, Hock Tan, Salesforce, Marc Benioff, what's, that's, Jim Cramer's, Jim Cramer, Jim, Carlos Barria Organizations: Microsoft, Meta, he's, Google, Amazon, Services, Nvidia, Broadcom, Blackwell, VMWare, calvary, PayPal, Informatica, Apple, CNBC, Facebook Locations: U.S, Oregon, Informatica, China, Menlo Park , California
Gavin Newsom of California ordinarily have little in common. One is a conservative think tank in Arizona, the other a Democrat leading one of the nation’s most liberal states. On Monday, the Supreme Court will consider an Oregon case that could reshape homelessness policy nationally. On its face, The City of Grants Pass v. Johnson asks how far cities can constitutionally go to restrict sleeping and camping in parks and on sidewalks. Advocates for homeless people, the American Psychiatric Association and several left-leaning states, including New York, Illinois and Minnesota, argue that criminalizing homelessness only worsens the problem.
Persons: Gavin Newsom, Johnson, Daniel Bress, Timothy Sandefur, , Newsom, Organizations: Goldwater Institute, Gov, Democrat, ., Appeals, Ninth Circuit, Democratic, Republican, American Psychiatric Association, Circuit, Arizona State Capitol, , ‘ Raiders Locations: California, Grants, Arizona, Oregon, The City, San Francisco, New York , Illinois, Minnesota, Phoenix, Oakland
Agrawal, a 45-year-old serial entrepreneur who founded the period-underwear company Thinx and the bidet startup Tushy, has always poured herself into her businesses. That July, Agrawal gave birth to her son, Hiro Happy Horn Agrawal. AdvertisementAfter leaving Thinx, Agrawal, pictured here in her Texas home, poured her energy into her bidet startup Tushy. Before Thinx, before Tushy, Agrawal was an analyst at Deutsche Bank, working in an office near the World Trade Center. In 2011, she cofounded period-underwear company Thinx with her twin sister, Radha, and a friend, Antonia Saint Dunbar.
Persons: Miki Agrawal, Agrawal, she's, We're, missteps she'd, Miki Agrawal Agrawal, Andrew Horn, Agrawal's, Horn, Instagram, she'd, Hiro Happy Horn Agrawal, Forbes, Tushy, they'd, Thinx, Ilana Panich, , hadn't, they're, Richard Wolf, Radha, Antonia Saint Dunbar, Nicholas Hunt, undressed, wasn't, Shama Amalean Skinner, Amalean Skinner, Maria Molland Selby, welling, Miki, who's, Justin Allen, She'd, Hiro, Jason Ojalvo, Ojalvo, Horn —, Melissa Pruett, Pruett, Jessica Fern's, I've, exes, it's, wifedom, hummus —, Happie Hoffman, Austin, Tesla, Elon Musk, Musk's, Kimbal, Argawal Organizations: New York, Commission, Human Rights, Washington Post, CNBC, Business, Deutsche Bank, World Trade, New York Magic, Food Network, New York Magazine, Antonia Saint Dunbar ., Nike, Outfront Media, New, MTA, New York Times, Glamour, Amazon Locations: New, playa, Texas, Tribeca, West, Williamsburg, Park, America, Canada, Orlando, Thinx, Costa Rica, Horn, Oregon, Austin
The owner of the ship that crashed into the Baltimore bridge faces a mountain of potential lawsuits. Experts say the owner will likely try to invoke an 1851 law to try to cap potential damages. The Limitation of Liability Act was successfully used by the Titanic owner after the 1912 sinking. "If they're fully successful, it will cap how much they have to pay in damages," Michael Sturley, an expert in maritime law and professor at the University of Texas at Austin's School of Law, told BI. However, I must say that the way things look at present, it seems unlikely that a limitation petition will be successful."
Persons: , Maryland's Francis Scott Key, Dali, Michael Sturley, Sturley, Michael A, McCoy, it's, Martin Davies, Davies, Gordon Carey —, Carey, It's Organizations: Titanic, Service, University of Texas, Austin's School of Law, Private Ltd, Grace Ocean Private, Business, Washington Post, Wall Street, Titanic Inc, Maritime Law Center, Tulane University School of Law, White Star, Reuters, Synergy Marine Group, Synergy Marine Locations: Baltimore, Singapore, Sri Lanka, Patapsco, United States, , Oregon, Oregon
A family lost in an Oregon forest used the Emergency SOS feature on their iPhone to survive. Apple's emergency SOS feature via satellite debuted with the iPhone 14 model. AdvertisementA family used an iPhone feature to survive after they came lost in a freezing forest in Oregon, The Chronicle reports. The family activated the Emergency SOS via satellite feature on their iPhone for help, and the Clackamas County Sheriff's Office received their distress signal at 7:30 p.m.AdvertisementApple's Emergency SOS feature via satellite debuted with the iPhone 14 model. The easiest way to activate Apple's Emergency SOS feature is by holding the lock button and one of the volume buttons.
Persons: , Brian McCall Organizations: Chronicle, Service, Office, Clackamas County Sheriff's, SOS, Apple Watch Locations: an Oregon, Oregon, Mt, Hood, Clackamas County, Salmon, Utah, Delaware
Adrian De La Torre, 30, is an Oregon-based package handler (also known as a pre-loader) who earns $21 per hour for the part-time role. De La Torre earned 51 hours of overtime pay just in time for Christmas. But, De La Torre said he "spent months preparing my mind and body" for the long workweeks. AdvertisementThe package handler said he's lost about 65 pounds since starting at the company four years ago. One UPS driver previously went viral online for his $2,400 paycheck, but he only worked 49 hours that week.
Persons: , Adrian De La Torre, De La Torre, subreddit, he's, bro Organizations: Service, Business, De, BI, Teamsters, UPS Locations: Oregon
AdvertisementA 68-year-old retiree from Milwaukie, Oregon, was unknowingly sitting on millions of dollars for almost a month before finally checking his lottery ticket and realizing he had the winning numbers. David Schultze had bought an Oregon's Game Megabucks ticket at a Safeway in Gladstone for a drawing that occurred on January 24, Oregon lottery officials said. However, he didn't get around to checking the ticket until Friday, when he realized he won the jackpot and spent the rest of the weekend in shock. The Safeway store he bought the ticket from also got an $84,000 bonus. AdvertisementSchultze told officials he doesn't buy lottery tickets often, but when the jackpot is "getting up there," he plays just in case.
Persons: David Schultze, didn't, Schultze Organizations: Safeway, lotto Locations: Milwaukie , Oregon, Gladstone, Oregon
“It isn't just sort of creepy,” said Washington state Rep. Vandana Slatter, the sponsor of a law her state adopted last year to rein in unauthorized use of health information. X-Mode was also found to have sold location data to the U.S. military. In Virginia, legislation that would prohibit the issuance of search warrants, subpoenas or court orders for electronic or digital menstrual health data recently cleared both chambers of the Democratic-controlled General Assembly. “The next step to enforcing an abortion ban could be accessing menstrual health data, which is why I’m trying to protect that data,” Favola said in a committee hearing. “The software supply chain is extremely polluted with location tracking of individuals,” he said.
Persons: Roe, , Vandana Slatter, , Albert Fox Cahn, Sen, Ron Wyden, Wyden, He’s, It's, Washington's, Andrea Frey, Democratic Sen, Barbara Favola, Glenn Youngkin, ” Favola, Favola, “ It’s, Republican Sen, Mark Peake, Youngkin's, Sean O'Brien, he's, ___ Mulvihill, Frank Bajak, Sarah Rankin Organizations: Democratic, Supreme, Wade, Oregon Democrat, Intelligence, The Veritas Society, Wisconsin, Federal Trade Commission, Securities Exchange Commission, FTC, ., Democrat, Republicans, Connecticut, Assembly, Virginia Gov, Republican, Yale Privacy, Associated Press Locations: U.S, Washington, Oregon, Wisconsin, Massachusetts, Nevada, York, California, Maryland, ” Illinois, Hawaii , Illinois, Maine , Maryland , Massachusetts , Missouri, South Carolina, Vermont, In Virginia, Cherry Hill , New Jersey, Boston, Richmond , Virginia
Bob Moore, Who Founded Bob’s Red Mill, Is Dead at 94
  + stars: | 2024-02-13 | by ( Alex Williams | ) www.nytimes.com   time to read: +1 min
Bob Moore, the grandfatherly entrepreneur who, with his wife, Charlee, leveraged an image of organic heartiness and wholesome Americana to turn the artisanal grain company Bob’s Red Mill into a $100 million dollar-a-year business, died on Saturday at his home in Milwaukie, Ore. His death was announced by the company, which did not cite a cause. Founded in Milwaukie in 1978, Bob’s Red Mill grew from serving the Portland area to become a global natural-foods behemoth, marketing more than 200 products in more than 70 countries. Over the years, the company profited handsomely from the nutrition-minded shift away from processed foods and grains. “I think our diets, nationally, and international probably, show the fact that we just have allowed ourselves to be sold a bill of goods.”
Persons: Bob Moore, Mr, Moore Organizations: Oregon State University Locations: Milwaukie, Portland
A version of this story first appeared in CNN Business’ Before the Bell newsletter. But America’s publicly traded companies are flashing a key sign of economic uncertainty — they’ve been hoarding cash. And companies with existing and expensive debt in a high-interest rate environment would likely want to use their cash to pay it down. “We interpret this correlation as evidence that cash reserves act like insurance against sudden economic shocks,” wrote the researchers. The missing bolts are apparently not the only problem.
Persons: America’s, ” Vijay Govindarajan, , Dartmouth’s Govindarajan, Anup Srivastava, Chandrani Chatterjee, Max, Jennifer Homendy, Homendy, Evan Spiegel, Tuesday’s, Read Organizations: CNN Business, Bell, New York CNN, CNN, Moody’s Investors, Dartmouth’s Tuck School of Business, University of Calgary’s Haskayne School of Business, University of Texas, JPMorgan, NTSB, Boeing, National Transportation Safety, Max, Alaska Airlines, United Airlines, Wall Street, Meta Locations: New York, Ukraine, Arlington, Alaska, Oregon,
PORTLAND, Ore. (AP) — A federal judge has ordered an Oregon newspaper not to publish documents that it obtained regarding a sex discrimination lawsuit against sports behemoth Nike. When the news outlet declined, the attorney filed a court motion requesting they be returned. U.S. Magistrate Judge Jolie Russo approved the motion on Friday and ordered the news outlet to return the documents. Russo said the documents fall under the case’s protective order, which withholds some content from public view. The news outlet said it was working on a separate article based on independent reporting when it received the documents.
Persons: Judge Jolie Russo, ” Russo, Russo, OregonLive, , , Content Therese Bottomly Organizations: , behemoth Nike, Oregonian, U.S, Content, Nike, Associated Press Locations: PORTLAND, Oregon
PORTLAND, Ore. (AP) — An Oregon weekly newspaper that had to lay off its entire staff after its funds were embezzled by a former employee will relaunch its print edition next month, its editor said, a move made possible in large part by fundraising campaigns and community contributions. The Eugene Weekly will return to newsstands on Feb. 8 with roughly 25,000 copies, about six weeks after the embezzlement forced the decades-old publication to halt its print edition, editor Camilla Mortensen said Saturday. “It has been both terrifying and wonderful,” Mortensen told The Associated Press, describing the emotional rollercoaster of the last few weeks. But Mortensen hopes to eventually rehire her staff once the paper pays its outstanding bills and becomes more financially sustainable. “When we saw how many people contributed and how many people continue to offer to help, you can't not try to print the paper.
Persons: Camilla Mortensen, ” Mortensen, , Mortensen, You've Organizations: Eugene, Associated Press, University of Oregon, AP Locations: PORTLAND, An Oregon, Eugene, Oregon, Iowa, New York
CNN —The Biden administration is preparing an executive order aimed at curbing the ability of foreign governments to access sensitive personal data on Americans that could jeopardize national security, one current US official and one former US official familiar with the matter told CNN. Foreign efforts to exploit Americans’ data represent an “unusual and extraordinary threat” to national security and foreign policy, the draft text of the order says, according to the US official. The National Security Council at the White House declined to comment on the draft executive order. A surge in the amount of intimate personal information on US citizens that can be bought and sold online has alarmed lawmakers and senior US officials focused on national security. Wyden said he hoped the final text of the executive order, among other things, applies to data held by US subsidiaries of foreign companies.
Persons: CNN —, Biden, ” Sen, Ron Wyden, Wyden, TikTok, , ” Justin Sherman, Duke, ” Sherman Organizations: CNN, Bloomberg News, National Security Council, White, Oregon Democrat, Social, Duke University Locations: China, Oregon
PORTLAND, Ore. (AP) — An Oregon jury awarded $85 million Tuesday to nine victims of wildfires that ravaged the state in 2020, the latest verdict in a series of legal proceedings that are expected to put the utility PacifiCorp on the hook for billions of dollars over its liability for the deadly blazes. “The 2020 wildfires were undeniably tragic,” it said. “PacifiCorp has settled and will continue to settle all reasonable claims for actual damages under Oregon law. The damages awarded Tuesday were the first in cases brought by that broader class, with additional trials expected in February and April. PacifiCorp also agreed last month to pay $299 million to settle a lawsuit brought by 463 plaintiffs who were harmed by separate devastating wildfires in southern Oregon over Labor Day 2020.
Persons: ” Nick Rosinia, PacifiCorp, “ PacifiCorp, PacifCorp Organizations: Labor Locations: PORTLAND, An Oregon, Oregon
The package released earlier this week was the result of a rare, bipartisan agreement between Republican House Ways and Means Chair Jason Smith (Mo.) To help win more Democratic support, the bill also expands the child tax credit by adjusting it for inflation and allowing Americans who don't have a tax bill to get the credit as a refund, among other changes. In addition to Friday's committee vote, the White House also came out in support of the legislation. In the end, Blumenauer said he would "reluctantly" vote for the bill, but wanted to see the child tax credit expanded further. House Speaker Mike Johnson had yet to confirm when, or even if, he would bring the bill to the House floor for a vote.
Persons: WASHINGTON, Jason Smith, Ron Wyden, Karine Jean, Pierre, Earl Blumenauer, Blumenauer, Mike Johnson, Smith, Wyden Organizations: Business, of Commerce, National Association of Manufacturers, Republican, Democratic, White, Oregon Democrat Locations: Taiwan, Mo, Oregon
PORTLAND, Ore. (AP) — Majiah Washington noticed a flash outside her home this week in Portland, where a dangerous storm had coated the city with ice. Opening her blinds, she saw a red SUV with a downed power line on it. Her neighbor’s pregnant, 21-year-old daughter was screaming for her boyfriend to get their baby away from the car. “I was concerned about the baby,” Washington said. But he told Portland television station KGW that his daughter had come over to use the internet after hers went out.
Persons: — Majiah, ” Washington, , crouch, , “ Nobody, Rick Graves, Washington, weren’t, ” Graves, Ronald Briggs, Ta’Ron Briggs, ‘ Don’t, ” Briggs, , ” ___ Johnson Organizations: Portland, Associated Press Locations: PORTLAND, — Majiah Washington, Portland, Washington, Pacific, Oregon, Seattle
The hagfish, a deep-sea scavenger about the size and shape of a tube sock, has the curious ability to smother itself in its own snot. The mucus is a defense mechanism, released into the water (or in one unfortunate incident, all over an Oregon highway) when the fish feels threatened. A shark trying to take a bite of a hagfish will find itself suddenly unable to breathe, its gills clogged with the slime. “We have to be removing the mucus all the time on the ship, or they will die,” he said. The hagfish has no jaw, making it part of a group that diverged long ago from the ancestors of jawed vertebrates like ourselves.
Persons: Juan Pascual, Anaya, Organizations: University of Málaga Locations: smother, Oregon, Spain, Japan
The crack was discovered about 40 minutes after take-off in the “second window from the right out of six windows in the cockpit,” ANA said. All 65 passengers and crew of the ANA flight 1182 arrived back safely, it added. The crack was discovered in the outermost of four layers of tempered glass on the cockpit window, the airline said. On January 5, a door plug on an Alaska Airlines flight blew open mid-flight, leaving a refrigerator-sized hole in the fuselage. The FAA said last week it was opening an investigation into Boeing’s quality control due to the failure of the door plug.
Persons: Boeing Max Organizations: Tokyo CNN, All Nippon Airways, ANA, Boeing, Japan’s Ministry of Land, Transport, Tourism, Alaska Airlines, Alaska Air, United Airlines, Federal Aviation Administration, FAA, National Transportation Safety Locations: Infrastructure, Oregon, United States
4 things to know about Boeing and Alaska Air 1282
  + stars: | 2024-01-13 | by ( Ramishah Maruf | ) edition.cnn.com   time to read: +5 min
New York CNN —Boeing and US air travel are still facing the fallout a week after the dramatic in-flight door plug blowout on an Alaska Airlines Boeing 737 Max 9 last Friday. That’s the mistake, it can never happen.”Here are the latest updates on Boeing and the effects of Alaska Air flight 1282. That’s thanks to a combination of winter weather and the continued grounding of Boeing 737 Max 9 planes. A class action lawsuit was filed Thursday in Washington state against Boeing on behalf of the passengers aboard last week’s Alaska Airlines flight 1282. Some aviation experts raised questions about the structural design of the section of the Boeing 737 Max 9 that blew off the plane.
Persons: Boeing Max, Dave Calhoun, Calhoun, Max, , Mike Whitaker, ” Whitaker, David Soucie, Joe Sutton, Pete Muntean, Curt Devine, Ross Levitt Organizations: New, New York CNN, Boeing, Alaska Airlines Boeing, Max, United, Federal Aviation Administration, FAA, National Transportation Safety, Wednesday, CNBC, Alaska Air, United States, Alaska Airlines, CNN Locations: New York, Oregon, United States, Alaska, United, O’Hare, Midway, Washington
The Supreme Court will weigh in on a case that could upend homelessness policy across the US. Gavin Newsom asked the conservative-led Supreme Court to hear the case. On Friday, the Supreme Court agreed to weigh in on the issue, a decision that was backed by California Gov. "The Supreme Court can now correct course and end the costly delays from lawsuits that have plagued our efforts to clear encampments and deliver services to those in need." AdvertisementThe Supreme Court is expected to hear arguments in April, with a decision expected by the early summer.
Persons: Gavin Newsom, , Johnson, they've, Newsom Organizations: Service, Supreme, California Gov, Democratic, Appeals, Ninth Circuit, Circuit, Arizona Republican Locations: California, Grants, Oregon, Los Angeles, San Francisco, Honolulu
A Southeast Asian restaurant closed down last year after facing false accusations of serving dog meat. Anna Le Nguyen and Minh Rasavong Oriyavong help out in the kitchen of Love & Thai. Rallying togetherIn November, Rasavong reopened his restaurant under a new name: Love & Thai. The mural by Hana Luna Her at Love & Thai pays homage to Rasavong's family's journey to America. Customers have flocked to Love & Thai and shown their support, and Rasavong wants to share that support with others in the community.
Persons: , David Rasavong, Rasavong, Anna Le Nguyen, Minh Rasavong, Richard Vogel, Louis, Yelp, David Rasavong Rasavong, Hana Luna, Rasavong's Organizations: Service, Google, Facebook, Business, Thai, &, US, Philippine -, People, Local, Love &, Customers Locations: Fresno, Laos, Thailand, United States, St, Philippines, Oregon, America
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