Reported about 10 hours ago
UnitedHealth Group's stock surged nearly 10% in early trading following the news that Warren Buffett's Berkshire Hathaway purchased 5 million shares last quarter. Despite facing significant challenges, including cyberattacks and earnings misses that have depressed its stock by over 45% this year, the investment from Berkshire provided a much-needed boost. The company's newly reinstated CEO, Stephen Hemsley, acknowledged previous missteps in addressing rising operational costs during a recent earnings call.
Source: YAHOO