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OMAHA, Nebraska, May 6 (Reuters) - Warren Buffett said on Saturday that Berkshire Hathaway Inc (BRKa.N) is not planning to acquire Occidental Petroleum Corp (OXY.N) but remains happy with its large investment in the oil company. Speaking at Berkshire's annual shareholder meeting, Buffett rejected speculation that Berkshire would buy Occidental after having accumulated a 23.6% stake. "We will not be making any offer for Occidental," Buffett said. "Hollub is an extraordinary manager at Occidental," Buffett said. Last August, Berkshire won U.S. Federal Energy Regulatory Commission permission to buy up to 50% of Occidental's common stock.

☆ Berkshire Hathaway's annual meeting is here: What to expect from Warren Buffett and Charlie Munger
▼ + stars: | 2023-05-05 | by ( Yun Li | ) www.cnbc.com time to read: +7 min

Warren Buffett is set to kick off Berkshire Hathaway 's annual shareholder meeting Saturday before tens of thousands of adoring shareholders. Berkshire's annual "Woodstock for Capitalists" will be held in Omaha, Nebraska, the second straight in-person gathering after two virtual meetings during the pandemic. The question of Buffett's Activision stake is expected to come up at the annual meeting. Geico Berkshire shareholders will also be eager to learn more about what's next for auto insurer Geico , the crown jewel of Berkshire's insurance empire and Buffett's "favorite child." ESG issues There are a few ESG-related shareholder proposals being put to a vote at the annual meeting, including requiring Berkshire to publish an annual assessment of climate-related risks and publish data on its workforce composition by gender, race, and ethnicity.

☆ Robot Dog’s Work in Garage Collapse Should Quiet Critics, Adams Suggests
▼ + stars: | 2023-04-25 | by ( Ed Shanahan | ) www.nytimes.com time to read: +1 min

It was, according to its maker, the first U.S. use for the robot in such real-world circumstances. On the day of the collapse, Mayor Eric Adams hailed the digidog, which was dispatched with several drones to hunt for victims and bodies, saying it had enabled the search operation to proceed safely. On Tuesday, he cited its performance again, reiterating his commitment to using futuristic gadgets for public safety, despite critics’ concerns. “Some people call them toys,” Mr. Adams said at a news conference. And this is an administration that is not going to be fearful of using everything possible to save the lives of New Yorkers and to save the lives of first responders.”

☆ This couple spent $48,000 to convert their Portland, Oregon, home to 'net zero': 'The future is efficient and renewable'
▼ + stars: | 2023-04-22 | by ( Zachary Green Celia Fernandez | Zachary Green | In Zachary-Green-News | ) www.cnbc.com time to read: +3 min

When Ryan Shanahan, 41, decided to buy a house in Portland, Oregon, he knew from the start that he wanted his future home to be "net zero." To be net zero is to cut greenhouse gas emissions to as close to zero as possible, with any remaining emissions reabsorbed from the atmosphere, by oceans and forests, for instance, according to the United Nations. "My mantra is that the future is efficient, electric, and renewable," Shanahan tells CNBC Make It. To buy the house, Shanahan took advantage of a $15,000 forgivable loan from Oregon's Down Payment Assistance program. Shanahan purchased the house because it had design features needed to help reach his goal of making the house net zero.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTurning My Home Zero Energy For $48K In Portland, ORWhen Ryan Shanahan bought his home in Portland, OR in 2014, he dreamed of turning it into a net-zero house--one that would produce at least as much energy as it consumed in the course of a year. But retrofitting an over one-hundred-year-old structure into a eco-friendly building seemed like too much to hope for. But by 2020, he and his wife, Megan Milligan, had fully converted their home to net-zero, producing so much solar energy that their yearly electricity bill dropped from $1,100 to $285.

☆ They Called for Help With Bills. He Menaced Them Instead, Officials Say.
▼ + stars: | 2023-04-20 | by ( Ed Shanahan | ) www.nytimes.com time to read: +1 min

A minute later, according to the complaint, the man received a call from a blocked number and did not answer. The caller — who, the complaint says, was Mr. Jackson — left a profanity-laced message in which he threatened to shoot the man. When she picked up, Mr. Jackson addressed her with a common vulgarity before hanging up, the complaint says. A supervisor at the agency identified the voice in the messages left in July as belonging to Mr. Jackson, the complaint says. Mr. Jackson, 50, of the Bronx, was charged with three counts of aggravated harassment, a misdemeanor punishable by up to a year in jail.

☆ Short bets against TD Bank surge 45% in two weeks to hit $6.1 billion amid investor skepticism toward its planned First Horizon takeover
▼ + stars: | 2023-04-20 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +2 min

Short equity bets against Toronto-Dominion surged to $6.1 billion on Wednesday, up 45% from two weeks earlier. That comes as the Canada-based bank faces investor skepticism over its planned takeover of First Horizon Bank. TD became the most-shorted bank in the world in early April as it faces a slew of headwinds. It comes as traders question the bank's planned takeover of US regional bank First Horizon, according to the publication. "I think that short interest was elevated by arbitrage investors betting on the (First Horizon) deal ... suggesting that the market believes that the deal is at risk of closing," James Shanahan, an analyst at Edward Jones told the outlet.

☆ Short positions on Canada's TD Bank rise to $6.1 billion, ORTEX data shows
▼ + stars: | 2023-04-19 | by ( Maiya Keidan | ) www.reuters.com time to read: +2 min

TORONTO, April 19 (Reuters) - Hedge fund bets against Canada's TD Bank Group (TD.TO) hit $6.1 billion on Wednesday, a 45% increase from 14 days ago, according to data provider ORTEX's calculations, one day ahead of the Canadian lender's annual general meeting. So-called 'arbitrage investors', many of which are event-driven hedge funds, bet on mergers and acquisitions by buying shares of the target and shorting the acquirer's stock. TD, which is awaiting regulatory approval of its takeover of First Horizon, is expected to address the $13.4 billion deal at its AGM on Thursday in Toronto. Hedge funds profit when they borrow a stock from an institutional investor and sell it back when the price falls, pocketing the difference, a practice known as short-selling. TD shares are down 0.1% since the U.S. regional banking crisis began, and up 3.4% this week.

☆ Oh Canada, is this the year the Stanley Cup comes home?
▼ + stars: | 2023-04-15 | by ( Steve Keating | ) www.reuters.com time to read: +5 min

Not since the Montreal Canadiens beat the Los Angeles Kings in 1993 has the Stanley Cup been paraded through a Canadian city, an ego-deflating run of failure that has scarred a generation of fans. After winning the Stanley Cup in 1967, Maple Leafs defenceman Larry Hillman allegedly jinxed the team, saying they would not win it again until the club settled a contract dispute and paid him the $2,400 plus interest he believed he was owed. The Maple Leafs' big misfortune is playing in the same division as the Boston Bruins, who this season set NHL records for wins (65) and points (135), and the Tampa Bay Lightning, Stanley Cup finalists for the last three years. These two teams are once again hurdles that must be cleared on the way to a Stanley Cup. When the playoffs open on Monday, the Oilers will be the first of the Canadian teams to hit the ice, hosting the Los Angeles Kings in Game One of their best-of-seven series.

☆ LinusBio is using strands of hair to revolutionize the autism-detection process. Check out the slideshow it used to raise $16 million from GreatPoint and Bow Capital.
▼ + stars: | 2023-04-14 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +2 min

Healthcare startup LinusBio just raised a $16 million Series A funding round. The startup uses precision sequencing to detect autism and other complex diseases at birth. Disease detection and treatment startup LinusBio just raised a $16 million Series A funding round led by GreatPoint Ventures and Bow Capital. The startup diverges from startups like Elemy and Akili Technologies, which focus on treatment and support for people already diagnosed with autism. Check out the 16-page pitch deck LinusBio used to raise $16 million from VCs.

☆ Meet Blake Resnick, a 23-year-old college dropout who went on to win a Peter Thiel-backed fellowship, supplies drones to Ukraine, and is now worth over $100 million
▼ + stars: | 2023-04-13 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

Blake Resnick, the founder and CEO of Brinc Drones, is now worth $100 million, per Bloomberg. After the shooting, he cold-called the lieutenant in charge of the Las Vegas SWAT team to ask about technology that could've helped the police identify and stop an active shooter. Born in Las Vegas to a doctor and a special education teacher, Resnick's adventures with science began early on in his childhood. At 14, he built a nuclear fusion reaction in his parent's garage in Las Vegas, according to a bio on his website. Perhaps unsurprisingly, Resnick features among the Forbes 30 under 30 list of achievers in the age group in 2021 and 2022.

☆ Warren Buffett's Berkshire Hathaway faces a brutal mix of economic headwinds. It will capitalize on the chaos, 8 experts say.
▼ + stars: | 2023-04-06 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +10 min

Berkshire Hathaway faces high inflation, rising rates, and a potential recession and credit crunch. Warren Buffett's company will weather the storm and scoop up the bargains that emerge, experts say. Experts say Berkshire's ample cash reserves, strong brands, and prudent management will enable it to comfortably navigate a harsh economic environment. "Shareholders who plan on holding Berkshire for years into the future should hope for a near-term bear market in stocks. Brian Gongol, longtime Buffett follower and Berkshire shareholder:"It's better to be in Berkshire's shoes during challenging times than during a boom.

☆ U.S. bank crisis 'unlikely' to spill over to Canada, analyst says
▼ + stars: | 2023-03-20 | by ( Divya Rajagopal | ) www.reuters.com time to read: +4 min

read more"The U.S. contagion is unlikely to spill over to Canadian banks as the issues in U.S. are unique and specific to certain business models or lending activities," said James Shanahan, banking analyst with Edward Jones to Reuters. REGIONAL BANK SCRUTINYCanadian banks emerged stronger from the 2008 global financial crisis due to prudent regulations and since built a reputation for financial stability. The Canadian banks have kept their focus on domestic lending and majority of their earnings come from serving local clients. But in recent years, Royal Bank, BMO, TD Bank and CIBC (CM.TO) have expanded into the United States by buying regional lenders to benefit from strong growth in second-tier U.S. cities. However, last week the regional bank's stock was hit after the SVB collapse.

☆ U.S. bank crisis 'unlikely' to spill over to Canada, analysts say
▼ + stars: | 2023-03-20 | by ( Divya Rajagopal | ) www.reuters.com time to read: +4 min

"The U.S. contagion is unlikely to spill over to Canadian banks as the issues in U.S. are unique and specific to certain business models or lending activities," said James Shanahan, banking analyst with Edward Jones to Reuters. REGIONAL BANK SCRUTINYCanadian banks emerged stronger from the 2008 global financial crisis due to prudent regulations and since built a reputation for financial stability. The Canadian banks have kept their focus on domestic lending and majority of their earnings come from serving local clients. But in recent years, Royal Bank, BMO, TD Bank and CIBC (CM.TO) have expanded into the United States by buying regional lenders to benefit from strong growth in second-tier U.S. cities. However, last week the regional bank's stock was hit after the SVB collapse.

CNN —Nearly two-and-a-half years after the Trump administration threatened to ban TikTok in the United States if it didn’t divest from its Chinese owners, the Biden administration is now doing the same. The new directive comes from the multiagency Committee on Foreign Investment in the United States (CFIUS), following years of negotiations between TikTok and the government body. “If protecting national security is the objective, divestment doesn’t solve the problem,” TikTok spokesperson Maureen Shanahan said in a statement. TikTok is really only a national security risk insofar as the Chinese government may have leverage over TikTok or its parent company. China has national security laws that require companies under its jurisdiction to cooperate with a broad range of security activities.

☆ Biden administration demands TikTok’s Chinese owners spin off their share or face US ban
▼ + stars: | 2023-03-15 | by ( Brian Fung | ) edition.cnn.com time to read: +4 min

CNN —The Biden administration has threatened to ban TikTok from the United States unless the app’s Chinese owners agree to spin off their share of the social media platform, TikTok acknowledged Wednesday evening. “If protecting national security is the objective, divestment doesn’t solve the problem,” TikTok spokesperson Maureen Shanahan said in a statement. But so far, there has been no evidence that the Chinese government has actually accessed TikTok user data, and no government has enacted a broader ban targeting TikTok on personal devices. TikTok has sought to address policymakers’ concerns with voluntary technical and bureaucratic safeguards that it says will help ensure US user data may only be accessed by US employees. Part of that initiative, which the company calls Project Texas, involves storing personal data with the US cloud giant Oracle.

☆ Buffett's Berkshire has record annual operating profit despite inflation, rate pressures
▼ + stars: | 2023-02-25 | by ( Jonathan Stempel | ) www.reuters.com time to read: +4 min

Feb 25 (Reuters) - Warren Buffett's Berkshire Hathaway Inc (BRKa.N) on Saturday reported its highest-ever annual operating profit, even as foreign currency losses and rising interest rates contributed to lower earnings in the fourth quarter. Buffett called 2022 a "good year" for Berkshire in his annual shareholder letter, after the conglomerate's dozens of businesses generated $30.8 billion of profit despite rising inflation and supply chain disruptions, including from the war in Ukraine. Berkshire also bulked up its cash hoard, ending the year with $128.6 billion after selling about $16.3 billion of stocks in the fourth quarter. Quarterly operating profit fell 8% to $6.71 billion, or $4,596 per Class A share, from $7.29 billion. Berkshire projected that Geico, which shed 7% of its 41,000-person workforce last year, will generate an underwriting profit in 2023.

The 2023 NFC Championship game will air January 29 at 3 p.m. Philadelphia finished the season with the best record in the NFC and reached the NFC Championship game with an impressive win over their division-rival New York Giants. How to watch the NFC Championship game without cableYou can watch the NFC Championship game on Fox at 3 p.m. You can also subscribe to a live TV streaming service like YouTube TV, Sling TV, FuboTV, or Hulu + Live TV to watch the NFC Championship game on Fox. If you only want to stream the NFC Championship on your phone or tablet, NFL+ offers streaming on mobile devices for $5 a month.

☆ Niners' Omenihu expected to play in NFC Championship despite arrest
▼ + stars: | 2023-01-25 | by ( ) www.reuters.com time to read: +1 min

Jan 25 (Reuters) - San Francisco 49ers defensive end Charles Omenihu is expected to be available for Sunday's NFC Championship game, the team said on Wednesday, after he was arrested this week on suspicion of domestic violence. San Jose police took Omenihu into custody on Monday after his girlfriend called authorities to say he had pushed her to the ground during an argument. Omenihu was not expected to take a full part in practice on Wednesday due to an injury. "We're letting the legal process take care of itself so if he's healthy he'll play this week," said head coach Kyle Shanahan. "We feel very good letting the legal process take care of itself and don't feel we should kick him off the team at this time," said Shanahan.

☆ Inside Sergey Brin's Busy Social Schedule: Parties, Festivals, Burning Man
▼ + stars: | 2022-12-15 | by ( Rob Price | Hugh Langley | ) www.businessinsider.com time to read: +4 min

In late August this year, Sergey Brin headed to Burning Man. The 49-year-old tech titan traveled to the festival in style, island-hopping across the Pacific Ocean in a modified seaplane. Brin has been spotted more than once at house parties at NeoGenesis, a coliving space for entrepreneurs in the Bay Area. As for the bigger psychedelic party, when Burning Man reopened in August after its pandemic hiatus, Brin stayed at First Camp, a VIP community frequented by festival organizers and their friends. Rob Price is a correspondent at Insider, writing features and investigations about the technology industry.

☆ Larry Page, Sergey Brin Post-Google Lives: Investments, Yachts, Islands
▼ + stars: | 2022-12-11 | by ( Hugh Langley | Rob Price | ) www.businessinsider.com time to read: +33 min

Even before their retirement from Google, Page and Brin relied heavily on their respective family offices to bring order to their worlds. The Bay Area headquarters of Koop, Larry Page's family office, is nondescript and gives little indication of the billionaire's empire. Insider; Marianne Ayala/Insider Show less Bayshore Global Management, Sergey Brin's family office, is based in Palo Alto and has a bit more of a public face. Insider; Marianne Ayala/Insider Show lessThe difference in styles holds true for Brin's family office, Bayshore Global Management. The CEO of Page's family office is Wayne Osborne, a former elder in the Presbyterian Church who attended Princeton Theological Seminary.

☆ NFL Week 14 preview: Playoff seedings on the line as season enters business end
▼ + stars: | 2022-12-11 | by ( Ben Morse | ) edition.cnn.com time to read: +6 min

Whether it be draft position or playoff seedings, each game means something to each team as Week 14 of the NFL season kicks off in earnest on Sunday. And, as a result, the Jets’ season has metamorphosed from shoots of optimism to playoff hopes. Sunday will see Tom Brady face off against seventh-round rookie Brock Purdy as the Tampa Bay Buccaneers travel west to face the San Francisco 49ers. Despite playing his first meaningful action and with his team’s season possibly on the line, Purdy never looked fazed, leading the 49ers to an important victory. Australia: NFL Game Pass, ESPN, 7PlusBrazil: NFL Game Pass, ESPNCanada: CTV, TSN, RDS, NFL Game Pass on DAZNGermany: NFL Game Pass, ProSieben MAXX, DAZNMexico: NFL Game Pass, TUDN, ESPN, Fox Sports, Sky SportsUK: NFL Game Pass, Sky Sports, ITV, Channel 5US: NFL Game Pass, CBS Sports, Fox Sports, ESPN, Amazon Prime

☆ Jimmy Garoppolo, Kyle Shanahan and the 49ers’ Twisted Fate at Quarterback
▼ + stars: | 2022-12-05 | by ( Andrew Beaton | ) www.wsj.com time to read: 1 min

The San Francisco 49ers spent the summer openly trying and failing to get rid of quarterback Jimmy Garoppolo. It was awkward, yet coach Kyle Shanahan was absolutely thrilled to still have him when Garoppolo stepped in for an injured Trey Lance and helped turn the team into a Super Bowl favorite. Then Garoppolo got hurt.

The transaction is also fraught with regulatory risks, analysts said, though RBC argues that HSBC's Canada business accounts for just 2% of Canadian banking market share. The finance minister has the authority to impose any terms and conditions, the finance department said in a statement. "This regulatory assessment isn't likely to be completed for some time," Calvin Goldman, former commissioner of Canada's competition bureau, told Reuters, referring to the latest deal. QUICK MOVEDespite the expected regulatory risks, RBC was keen to move quickly. RBC is paying 9.4 times HSBC's 2024 adjusted earnings, which KBW analysts said was a steep price, though offset by savings potentials.

☆ Billionaires like Elon Musk want to save civilization by having tons of genetically superior kids. Inside the movement to take 'control of human evolution.'
▼ + stars: | 2022-11-17 | by ( Julia Black | ) www.businessinsider.com time to read: +40 min

"We are the Underground Railroad of 'Gattaca' babies and people who want to do genetic stuff with their kids," Malcolm told me. Ellison, meanwhile, who has two children in their 30s, has reportedly resumed having kids — with his 31-year-old girlfriend. "The person of this subculture really sees the pathway to immortality as being through having children," Simone said. The person of this subculture really sees the pathway to immortality as being through having children. Before she met Malcolm, Simone was convinced she wanted to live her life single and child-free.

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