Berk­shire Hath­away pulls out of Ab­b­Vie, Bris­tol My­ers Squibb in­vest­ments

It looks like War­ren Buf­fett is stick­ing to ice cream and rail­roads for the mo­ment.

The bil­lion­aire CEO of Berk­shire Hath­away backed out of two ma­jor hold­ings in the phar­ma in­dus­try, Forexlive first re­port­ed, in­clud­ing a $410 mil­lion in­vest­ment in Ab­b­Vie and a $324.4 mil­lion stake in Bris­tol My­ers Squibb.

The move comes af­ter Berk­shire aban­doned its Te­va shares just last quar­ter, Bloomberg re­port­ed.

Unlock this article instantly by becoming a free subscriber.

You’ll get access to free articles each month, plus you can customize what newsletters get delivered to your inbox each week, including breaking news.

SIGN UP LOG IN BECOME A PREMIUM SUBSCRIBER