Buffett bullish on four drug companies, bearish on JPM, WFC


On the other hand, in February, Wells Fargo agreed to pay $500 million to settle a complaint alleging that it misled investors between 2002 and 2016. The bank also agreed to pay $35 million to resolve charges related to its investment recommendation practice.


Other new investments in the quarter included a $6 billion stake in five Japanese trading houses and a $1.5 billion wager on cloud computing company Snowflake (NYSE: SNOW).

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