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Warren Buffett’s Berkshire Hathaway posts loss of nearly $50 billion

Warren Buffett’s Berkshire Hathaway Inc is being hit hard by the coronavirus pandemic, posting a record quarterly net loss of nearly $50 billion on Saturday and saying performance is suffering in several major operating businesses. Berkshire said most of its more than 90 businesses are facing “relatively minor to severe” negative effects from COVID-19, the […]