Meanwhile, the broader insurance industry, lawmakers and business owners are debating how much insurers will be on the hook for claims related to the coronavirus pandemic.
Berkshire's first-quarter figures missed Wall Street forecasts due to about $55 billion in investment losses last quarter.
The famed investor's conglomerate holds stakes in Apple, Amazon, Coca-Cola, and other companies.
Berkshire's cash pile swelled from $US128 billion on December 31 to $US137 billion at the end of March, despite it spending $US1.7 billion on share buybacks in the period.
Berkshire reported buying a net $1.8 billion of stocks in the first quarter but selling a net $6.1 billion in April.
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But year-earlier results reflected a charge for investments linked to what prosecutors called a Ponzi scheme at a solar company, which Berkshire did not know about.
Still, Shanahan said Berkshire is "as well positioned as it can be", reflecting its diverse businesses and substantial liquidity and access to capital. By that measure, Berkshire's operating earnings improved to $5.87 billion, or $3,617.62 per Class A share, from $5.56 billion, or $3,387.56 per Class A share. It raked in $US965 million in after-tax gains from sales of investments last quarter, a sharp increase from $US392 million in the comparable period. All of the surrounding events, including a trade show where Berkshire companies sell their products, were canceled this year because of the coronavirus pandemic.
Berkshire's operating businesses, like much of corporate America, were not unscathed by COVID-19, which hurt volumes at the BNSF railroad and forced retail businesses such as See's sweets to temporarily close stores.
"As efforts to contain the spread of the COVID-19 pandemic accelerated in the second half of March and continued through April, most of our businesses were negatively affected, with the effects to date ranging from relatively minor to severe", the company said in its 10-Q. Other Berkshire companies including retailers, and some manufacturing and service businesses are being "severely impacted" by closures.
Class A shares closed Friday at $275,800, down 18.8% for the year.
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He also stated that governments ordering people to stay at home or face arrest if they leave is "fascist". Quarterly sales down across the board for the auto industry as most people raimin at home .
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The government has said 40 per cent - or some 10 million people - would be needed for contact-tracing to be most successful. For example, experts could determine whether the app collects any personal user information without consent.
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These people can then be asked by the health authorities to take appropriate security measures, e.g. As per an Apple representative, the company now releases a FAQ section which is related to the app.