American producer and marketer of beer, wine, and spirits; largest beer importer in the US
Berkshire Hathaway has increased its Alphabet stake to about 106 million shares—valued near $37.8 billion as of June 30—while expanding in Delta Air Lines and Lennar, and trimming holdings in several financial stocks. The shift comes under CEO Greg Abel, with Warren Buffett remaining involved but not dictating every move. The quarter also shows Berkshire’s cash pile declining as it deploys capital.
PepsiCo has announced price hikes for certain snacks and beverages in the single-digit range to offset rising costs in fuel, aluminum, and agricultural inputs. Despite earlier price cuts ahead of the Super Bowl, third-quarter results show weaker North American soda sales and a shift toward international growth, with the company guiding modest earnings growth for the year.