Berkshire Hathaway expanded its stakes in Delta Air Lines and Alphabet in Greg Abel’s second full quarter as CEO. The conglomerate added 17.5 million Delta shares worth $5.37 billion and 48.1 million Alphabet shares, making it the third-largest holding at $37.8 billion. Abel invested $10 billion in Alphabet to support its artificial intelligence projects and spent $6.8 billion to acquire homebuilder Taylor Morrison. Berkshire’s cash pile stood at $365.5 billion midyear, down from a record $397 billion at the end of March.
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