Berkshire’s Cash Hoard Hits Record $381.6B (And Amazon Experiments with Mass-Market Brands at Whole Foods)
Amazon is testing ways to sell mainstream grocery brands like Little Debbie at Whole Foods by separating them from organic items and experimenting with new in-store kiosks and app-based fulfillment. Berkshire Hathaway’s cash hoard hit an all-time high of $381.6 billion as Warren Buffett opted for T-bills over buybacks or new investments. Big Tech’s earnings showed robust ad revenue and a record $380 billion in AI spending across Microsoft, Meta, Amazon, and Alphabet. A federal judge ordered the Trump administration to fund SNAP benefits for 42 million Americans during the government shutdown. Rival drugmakers are challenging Eli Lilly and Novo Nordisk’s dominance in the weight-loss drug market, now valued at $100 billion by 2030. China and the U.S. struck a trade truce as Beijing suspended rare earth export curbs, sending semiconductor stocks higher. A U.S. penny shortage is forcing retailers to round cash transactions as the Mint halts production. And over 100 companies filed mass layoff notices for November, signaling a tough economy heading into the holidays.
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