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Buffett's Berkshire Hathaway buys $1.57B in UnitedHealth, boosting its shares by over 12%.
UnitedHealth Group's shares surged over 12% in premarket trading after Warren Buffett's Berkshire Hathaway disclosed it had purchased about 5 million shares, valued at $1.57 billion.
This investment comes despite UnitedHealth facing challenges, including federal investigations into its Medicare business and a drop of about 50% in its stock value over the past year.
The news also boosted shares of rival health insurers.
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La Berkshire Hathaway de Buffett compra $1.57B en UnitedHealth, aumentando sus acciones en más del 12%.