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FAA Administrator Mike Whitaker stated, "This won't be back to business as usual for Boeing." The FAA has also approved inspection instructions for the Max 9 aircraft, a crucial step for airlines to review their fleets and return the planes to service.
Berkshire Hathaway, led by Buffett, acquired the remaining 20% stake in Pilot Travel Centers, a truck-stop chain, on Jan. 17. The acquisition, valued at over $13 billion, adds Pilot to Berkshire's portfolio, which already includes companies like Geico, Duracell, and Dairy Queen.
For the first time, Apple's iPhone series topped the charts in China's smartphone market in 2023. This achievement is particularly noteworthy given the escalating tensions between the U.S. and China, which have led to a series of bans on Apple products in the country.
The Tel Aviv Stock Exchange Ltd. confirmed the sale of an 18.5% stake to a group of local and foreign investors, with Ackman and Oxman being the only ones publicly named. The deal was arranged by Jefferies Financial Group Inc.
In an attempt to stabilize the plunging stock market, China's securities regulators have reportedly reached out to hedge fund managers, advising them to limit short selling in the stock index futures market.