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Warren Buffett’s Berkshire Hathaway placed a $5.7bn (€4.8bn) bet on four US pharmaceutical stocks in the third quarter. File photograph: Getty

Warren Buffett’s Berkshire Hathaway placed a $5.7 billion (€4.8 billion) bet on four US pharmaceutical stocks in the third quarter, as the billionaire(...)

Pedestrians walk past a Bank of America branch in Chicago

Bank of America reported a profit for the third quarter as chief executive Brian Moynihan’s cost-cutting efforts helped the bank offset the impact of (...)