Warren Buffett’s Berkshire Hathaway makes a big bet on drug stocks

Warren Buffett, president and CEO of Berkshire Hathaway, attends an event in Washington, DC in 2012. This year he celebrates his 90th birthday.

Buffett was born in Omaha, Nebraska on August 30, 1930. He was the only child of Laila and Howard Buffett. Howard was a member of the United States Congress.

A young Buffett, on the far left, is seen with his grandfather, Ernest, as well as his cousins ​​and two sisters.

Laila Buffett poses with her three children: from left, Roberta, Warren and Doris.

Warren Buffett is in front of his childhood home in Omaha.

Buffett teaches on a course at the University of Nebraska-Omaha.

Buffett married his first wife, Susan, in 1952. They had three children together: Peter, Howard and Susan. The latter two are seen here with their parents.

Buffett and his wife pose on the beach with their three children.

Buffett poses for a photo in 1980.

Buffett testifies before a House subcommittee after Salomon Brothers investment bank was embroiled in a 1991 Treasury bill scandal. Buffett assumed the position of chairman of the company’s board to guide her out of trouble with the Federal Reserve System.

Buffett attends one of Berkshire’s annual shareholder meetings. Sitting with him here are his daughter Susan, on the left, and his wife Susan. Buffett’s wife died in 2004.

Buffett arrives at an Omaha Dairy Queen to autograph books and chat with Berkshire Hathaway shareholders in 2002. Many people were in Omaha for the Berkshire Hathaway annual shareholders’ meeting, which has been described as “the Woodstock of capitalism.”

Buffett attends a GEICO ceremony in Trenton, New Jersey in 2004.

Buffett joins California Governor Arnold Schwarzenegger at a Wall Street investor meeting in New York in 2004. Buffett advised Schwarzenegger’s government campaign in 2003.

Buffett sits atop a fake bull at the Berkshire Hathaway annual meeting in 2006.

Buffett amasses his chips in a charity poker tournament in Omaha in 2006.

Buffett plays ukulele with a band at the Berkshire Hathaway reunion in 2007. He learned the instrument decades ago.

Buffett is faced with a portrait of himself, painted by Michael Israel, in 2008.

Buffett throws the first pitch before a Kansas City Royals baseball game in 2008.

Buffett sits with the Girl Scouts in Omaha in 2008.

Buffett uses a large paddle to play ping pong in 2010.

Buffett and Microsoft President Bill Gates dine together at Omaha’s Hollywood Diner in 2010. That year, the two launched The Giving Pledge, which encourages the world’s billionaires to dedicate the majority of their wealth to philanthropic causes.

Buffett swore to testify before the Financial Crisis Inquiry Commission in 2010. The bipartisan committee was created by Congress to investigate the causes of the financial crisis.

President Barack Obama awarded Buffett the Presidential Medal of Freedom in 2011. “Today we know Warren Buffett as not only one of the richest men in the world, but also one of the most admired and respected,” Obama said. “Unmoved by financial fads, he stubbornly sought value, put his weight behind companies with promises, and proved that integrity is not just a good trait, it’s good for business.”

Buffett is mobbed by reporters and shareholders at Berkshire Hathaway’s annual shareholders’ meeting in 2011.

Buffett talks to his son Peter before the 2011 shareholders’ meeting begins.

Buffett poses for a photo in Omaha in 2012.

Buffett and his second wife, Astrid, arrive at the White House for a state dinner honoring British Prime Minister David Cameron in 2012. The following month, Buffett confirmed that he had been diagnosed with stage 1 prostate cancer. he is undergoing radiation treatment and told Berkshire Hathaway shareholders that the cancer “was not life-threatening in the least.”

Buffett watches Omaha in 2012.

Buffett wears a Woodrow Wilson High School jacket while attending an event in Washington, DC in 2012. Buffett graduated from Washington High School in 1947.

Buffett was photographed for Forbes magazine in 2012.

Buffett listens to his son Howard speak during an interview in New York in 2013. Buffett and his late first wife, Susan, have donated and promised billions to each of their three children to fund charitable foundations. Howard, a farmer from Illinois, made world hunger his goal.

Buffett spins a basketball with the help of Chris “Handles” Franklin, one of the Harlem Globetrotters, at the Berkshire Hathaway shareholders meeting in 2013. On the left is soccer star Ndamukong Suh.

Buffett and Berkshire Hathaway Vice President Charlie Munger are seen on a giant screen at the Berkshire Hathaway Shareholders’ Meeting in 2013.

Buffett arrives for a conference in Sun Valley, Idaho, in 2014.

Buffett introduces the products to shareholders ahead of their annual meeting in 2014.

Buffett has fun with Cleveland Cavaliers’ mascot Moon Dog before an NBA game in 2014.

Buffett does an interview in 2015.

Buffett listens to presidential candidate Hillary Clinton’s speech at an event in Omaha in 2015. Buffett told the rally that she was supporting Clinton’s candidacy for president because they share a commitment to helping the underprivileged.

Buffett attends the world premiere of “Becoming Warren Buffett”, a documentary about his life, in 2017.

Buffett attends the Forbes 100th Anniversary Gala in New York in 2017.

Buffett walks through the exhibition hall during the Berkshire Hathaway shareholders’ meeting in 2019.

Buffett speaks at Berkshire Hathaway’s virtual shareholders’ meeting in May 2020.