Monday, November 15, 2021

Financial Post

Financial Post


Buffett’s Berkshire cuts U.S. drugmaker stakes, invests in drug royalty company

Posted: 15 Nov 2021 03:31 PM PST

Warren Buffett's Berkshire Hathaway Inc said on Monday it eliminated its investment in Merck & Co and reduced its stakes in AbbVie Inc and Bristol-Myers Squibb Co, as it pared its overall stock market investments. Read More

Washington state, in $95 billion opioid trial, blames drug distributors for crisis

Posted: 15 Nov 2021 03:07 PM PST

Washington state's attorney general on Monday argued in court that three large drug distributors' excessive shipments of pain pills helped fuel the U.S. opioid epidemic, calling it the "worst man-made public health crisis in history," as the state sought to recoup an estimated $95 billion. Read More

Field Trip Health Ltd. Reports Second Fiscal Quarter 2022 Financial Results and Provides Business Update

Posted: 15 Nov 2021 03:07 PM PST

Key Highlights and Recent Developments Read More

U.S. Senate leader will add China tech bill to defense measure

Posted: 15 Nov 2021 03:06 PM PST

WASHINGTON -- U.S. Senate Democratic Majority Leader Chuck Schumer said on Monday he will add legislation to boost U.S. competitiveness with China to a massive defense policy bill the Senate is due to begin considering this week, a boost for a measure that has been stalled for months in the House of Representatives. Read More

Titanium Transportation Group Declares Quarterly Dividends

Posted: 15 Nov 2021 03:02 PM PST

BOLTON, Ontario, Nov. 15, 2021 (GLOBE NEWSWIRE) -- The Board of Directors of Titanium Transportation Group Inc. ("Titanium" or the "Company") (TSX VENTURE:TTR) has declared a quarterly dividend of $0.02 per common share, payable on December 15, 2021 to shareholders of record at the close of business on November 30, 2021. The amount of the dividend is consistent with the Company's previous dividend. Read More

Ketamine One Provides Update on Management Cease Trade Order

Posted: 15 Nov 2021 03:02 PM PST

VANCOUVER, British Columbia, Nov. 15, 2021 (GLOBE NEWSWIRE) -- KetamineOne Capital Limited ("Ketamine One" or the "Company") (NEO: MEDI) (OTC: KONEF) (FRA: 6FC), a company focused on consolidating medical clinics and becoming a North American leader in mental health treatments, is providing this update on the status of a management cease trade order (the "MCTO") granted on November 1, 2021 by the British Columbia Securities Commission under National Policy 12-203 – Management Cease Trade Order ("NP 12-203"). Read More

Evergrande chief’s luxury assets in focus as his company scrambles to pay debts

Posted: 15 Nov 2021 03:00 PM PST

HONG KONG -- As developer China Evergrande Group scrambles to meet its debt obligations, its founder is freeing up funds from luxury assets including art, calligraphy and two high-end homes, according to filings and a person with knowledge of the matter. Read More

Permian Oil Production Expected to Set a Record in December

Posted: 15 Nov 2021 02:55 PM PST

(Bloomberg) -- Oil output in the Permian Basin is projected to hit a record as the largest U.S. shale patch leads the recovery in domestic production from its Covid-19 induced slump. Read More

Jason Kenney warns Ottawa it must consult with provinces on emissions cap

Posted: 15 Nov 2021 02:54 PM PST

OTTAWA — Alberta Premier Jason Kenney warned the federal government on Monday that it must consult with the provinces as Ottawa moves on plans to implement a cap on emissions from the oil and gas sector. Read More

Engine No. 1 partner leaves hedge fund after successful challenge of Exxon

Posted: 15 Nov 2021 02:53 PM PST

BOSTON -- Engine No. 1's head of active engagement Charlie Penner, who conceived and quarterbacked this year's successful board challenge at Exxon Mobil Corp that stunned the corporate world, is leaving the sustainability-focused hedge fund. Read More

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