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The Money Tube
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_warren-buffett39s-berkshire-hathaway-reveals-it-has-secretly-invested-in-insurer-chubb.webp "Warren Buffett's Berkshire Hathaway has revealed it has been buying shares of insurer Chubb over the past few quarters, making it one of Berkshire's largest holdings. Berkshire has acquired nearly 26 million shares of Chubb for a total stake worth $6.7 billion, making it Berkshire's 9th largest holding. Insurance is a core business for Berkshire, which owns companies like Geico and General Re and recently acquired Alleghany. Chubb's stock price jumped nearly 7% in after-hours trading following the news of Berkshire's sizable stake in the company.")
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_biden-signs-bill-banning-russian-uranium-imports.webp "Biden Signs Bill , Banning Russian Uranium Imports.<br/>The U.S. president signed the bipartisan bill into law on March 13, 'The Guardian' reports. .<br/>The measure is viewed as another avenue of pressure against Vladimir Putin's attack on Ukraine.<br/>The measure is viewed as another avenue of pressure against Vladimir Putin's attack on Ukraine.<br/>Enriched uranium is used to fuel nuclear power plants. Russia supplies the world <br/>with most of it, 'The Guardian' reports.<br/>Approximately 24% of the uranium used by nuclear power plants in the U.S. is provided by Russia.<br/>The import ban will begin in 90 days.<br/>However, the Department of Energy <br/>(DOE) will be permitted to issue <br/>waivers if supplies run low until 2028.<br/>U.S. National Security Adviser <br/>Jake Sullivan said the new law will... .<br/>... “strengthen our nation’s energy and economic security by reducing, and ultimately eliminating, <br/>our reliance on Russia for civilian nuclear power.”.<br/>According to a U.S. House report, one <br/>U.S. conversion facility will soon be able to provide about “40% of U.S. market demand in the near term.”.<br/>According to a U.S. House report, one <br/>U.S. conversion facility will soon be able to provide about “40% of U.S. market demand in the near term.”.<br/>Meanwhile, Canada, France, Japan and other countries will help America sustain its uranium supply via an “allied alternative,” said Kathryn Huff, the DOE’s assistant secretary for nuclear")
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