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Weekly Indicators: Commodities Surge, Withholding Tax Payments Struggle
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Strategists see only temporary market impact from Iran strikes

Strategists see only temporary market impact from Iran strikes
Business
Polestar Automotive Holding Stock Surges 20% on Record 2025 Sales Growth, Major Model Offensive Announcement
Shares of Polestar Automotive Holding UK PLC (NASDAQ: PSNY) soared more than 20% on February 27, 2026, closing at $23.28 after the electric vehicle maker reported record retail sales for 2025 and unveiled its most ambitious product expansion yet, planning four new models by 2028 amid efforts to drive profitable growth and strengthen its position in the premium EV segment.

The rally, one of the stock’s strongest single-day gains in recent months, came on elevated volume of over 686,000 shares — well above average — following the February 18 announcement of full-year 2025 retail sales totaling approximately 60,119 vehicles, a 34% increase from 2024. Fourth-quarter deliveries reached an estimated 15,608 units, up 27% year over year, marking Polestar’s best performance to date despite a challenging EV market environment.
CEO Michael Lohscheller described 2025 as a year of “continuous operational progress and delivery,” highlighting the company’s ability to grow volume while expanding its retail network from 140 to 210 points globally. Europe led the surge with more than 50% sales growth, underscoring Polestar’s strength in key premium markets.
In conjunction with the sales update, Polestar detailed its “largest model offensive in its history,” committing to four new vehicles over the next three years:
– Polestar 5, the four-door Grand Tourer revealed in 2025, with deliveries starting summer 2026.
– A new variant of the current best-seller Polestar 4, offering enhanced versatility and targeting a broader customer base, with deliveries beginning in Q4 2026.
– A completely new successor to the iconic Polestar 2 sedan, planned for early 2027 launch.
– Polestar 7, a compact premium SUV entering the high-demand segment, slated for 2028.
The company also outlined expectations for 2026: low double-digit retail volume growth with a disciplined approach, continued retail network expansion of around 30%, and a greater focus on the retail channel to drive quality sales. Financial guidance will accompany full-year 2025 results, expected in late February or early March 2026.
The announcements reframed investor sentiment after earlier 2026 weakness, when shares traded near $12-$16 amid concerns over cash burn, EV demand slowdowns and competition from Tesla and legacy automakers. Polestar has leaned on Volvo parent Geely for support, including recent financing facilities, while prioritizing refreshed models over all-new developments to conserve cash and boost European sales.
Analysts responded with mixed but generally constructive views. Some praised the product roadmap for targeting high-value segments and profit pools, while others noted execution risks in a volatile market. Cantor Fitzgerald downgraded the stock to Underweight in February, citing a “disappointing” outlook, but others maintained neutral or buy ratings, with consensus targets around $20-$25 implying potential upside from current levels.
Polestar’s market capitalization hovered around $2.1 billion to $2.7 billion post-rally, with a 52-week range spanning approximately $11.75 to $42.60. The stock has shown volatility tied to broader EV sector dynamics, including supply chain issues, subsidy changes and shifting consumer demand.
The company continues to emphasize its premium positioning, advanced technology from Geely and Volvo partnerships, and sustainability focus. Polestar also announced a change in independent auditors, transitioning to PricewaterhouseCoopers effective after approval at the 2026 annual general meeting.
As Polestar prepares for its biggest expansion phase, the 2025 sales milestone and forward-looking strategy have injected fresh momentum into the stock. Investors will monitor upcoming full-year results, delivery updates and progress on the new models for signs of sustained profitability and market share gains in a competitive EV landscape.
Business
Q4 results may spark selective market rebound: Daljeet Kohli
Talking to ETNow, Kohli noted that market dispersion has increased significantly, with companies being rewarded or punished purely on quarterly performance. Stocks that disappointed in Q3 were “beaten like anything,” while those delivering strong numbers saw meaningful traction.
“Wherever numbers are good, we have seen some traction there. We are believing that probably the way quarter three numbers have gone for the broader market, quarter four will also be better numbers and therefore market will start recognising these good numbers and start giving benefit to them,” he said.
Highlighting his portfolio’s performance, Kohli revealed that across 30 holdings, revenue growth stood at nearly 20%, EBITDA growth at 29%, and PAT growth at 40%. This strong earnings delivery led to a four to five percentage point outperformance versus the broader market, especially after a sharp drawdown in December and January followed by a strong recovery in early February.
On microfinance-linked stocks, Kohli acknowledged that the sector has faced persistent challenges over the past two years. While regulatory guardrails had begun stabilizing and regional issues in states like Karnataka and Tamil Nadu were subsiding, fresh concerns emerging from Bihar have renewed pressure. He explained that microfinance institutions (MFIs), which cater to vulnerable borrower segments, remain exposed to regulatory and political interventions.
Although regulations technically exclude registered NBFCs and banks, ground-level realities make distinctions difficult during collections, impacting sentiment and growth expectations. Kohli prefers companies transitioning away from pure MFI exposure toward more diversified lending models, such as small finance banking structures. However, he cautioned that north-based lenders with higher regional exposure may face continued near-term pain.
On the IT sector, Kohli remains cautious despite significant valuation corrections. He believes much of the derating has already occurred, but uncertainty around AI-led disruption and global demand, particularly in the US, makes it premature to deploy fresh capital. While management commentary has turned optimistic, he stressed that execution remains the key variable.
“We believe that there are other relatively much better sectors as of now available, so one should look at those sectors rather than going into this,” he said.
The critical question, he said, is whether IT firms can adapt AI to improve efficiency without eroding billing revenues. If AI reduces manpower requirements for clients, companies must demonstrate cost savings translating into stable or improved margins. Kohli prefers to wait for tangible evidence in quarterly numbers before reconsidering exposure.
In the auto space, Kohli expressed a clear preference for commercial vehicles (CVs), citing strong recent data and positive momentum for OEMs like Tata Motors and Ashok Leyland. However, instead of investing directly in large OEMs, he prefers midcap ancillaries — including forging companies, axle manufacturers, spring makers, and CV-focused tyre players.
In two-wheelers, he sees TVS Motor as a standout performer across segments, including EVs, and favors ancillary companies benefiting from its growth.
Business
(VIDEO) Dove Cameron Thriller Series ’56 Days’ Tops Prime Video Charts, Hits No. 1 in U.S
Former Disney Channel star Dove Cameron has scored a major streaming hit with her new Prime Video thriller series *56 Days*, which claimed the No. 1 spot on the platform’s U.S. rankings shortly after its February 18, 2026, premiere, dethroning established shows like James Patterson’s *Cross* and drawing widespread attention for its twisty erotic mystery plot.

The eight-episode limited series, adapted from Catherine Ryan Howard’s bestselling novel of the same name, quickly surged to the top of Prime Video’s most-watched list in the United States within days of release, according to Amazon’s internal charts and third-party trackers like FlixPatrol and Reelgood. It displaced Amazon’s own *Fallout* adaptation and other heavy-hitters, fueled by strong word-of-mouth, Cameron’s fanbase and the appeal of its high-concept premise: a whirlwind romance that ends in a gruesome crime, reconstructed over exactly 56 days.
In *56 Days*, Cameron stars as Ciara Wyse, a working-class newcomer to Boston who meets charming, affluent Oliver Kennedy (Avan Jogia) in a supermarket. Their intense, fast-moving relationship unfolds in steamy, secretive scenes until detectives Lee Reardon (Karla Souza) and Karl Connolly (Dorian Missick) discover a decomposed body in Oliver’s luxury apartment bathtub. The narrative jumps between the lovers’ passionate early days and the police investigation, unraveling lies, secrets and dark motives on both sides.
The show premiered February 18, 2026, with all episodes dropping at once, encouraging binge-viewing. Early viewership data shows it climbing Prime Video’s U.S. charts rapidly, reaching No. 1 by late February and maintaining momentum into the weekend. Globally, it ranked in the top 10 in multiple markets, including the UK, Canada and Australia. The series earned an 86% audience Popcornmeter score on Rotten Tomatoes, reflecting solid viewer approval despite mixed critical reception that noted predictable twists but praised the leads’ chemistry and tension.
Cameron, 29, known for roles in *Descendants*, *Liv and Maddie* and recent projects like *Schmigadoon!*, delivers a layered performance as Ciara, blending vulnerability with menace. Jogia, seen in *Victorious* and *Zombieland: Double Tap*, brings charisma and unease to Oliver. The cast also features strong supporting turns from Souza and Missick as the detectives piecing together the timeline.
Directed by Alethea Jones and executive produced by James Wan, *56 Days* leans into psychological thriller elements with erotic undertones, echoing shows like *You* and *Tell Me Lies*. The limited run keeps pacing tight, with flashbacks revealing red flags in the couple’s relationship while the present-day probe builds suspense toward the crime’s resolution.
The series’ success highlights Prime Video’s push into original thrillers amid stiff competition from Netflix and Hulu. Amazon has ramped up acquisitions of book adaptations, with *56 Days* benefiting from the novel’s pre-existing fanbase and timely release in a crowded winter slate. Promotional efforts included a teaser trailer emphasizing “every good love story needs a murder,” Cameron’s social media posts and cast interviews highlighting the story’s addictive quality.
Viewers and critics have noted the show’s bingeable format and strong performances, though some reviews pointed to familiar tropes in the genre. RogerEbert.com called it “short on heat” despite solid acting, while Variety praised Cameron’s “enchanting” turn in a “surprising erotic thriller.” Collider described it as “the perfect weekend binge for mystery fans,” citing its red-flag-filled romance and satisfying reveals.
The No. 1 ranking underscores Cameron’s growing draw as a leading lady beyond teen roles, with her music career and social media presence (millions of followers) boosting visibility. The series also features a soundtrack contribution from Cameron, who has hinted at new music releases tied to her acting projects.
As *56 Days* continues dominating charts, Prime Video may see sustained momentum into March. No renewal has been announced for a second season, given its limited-series format, but strong performance could spur interest in similar adaptations.
For fans of twisty thrillers and star-driven dramas, *56 Days* has emerged as February’s breakout streaming success, proving Cameron’s versatility and Prime Video’s strength in genre programming.
Business
FBI Reviews Thousands of Video Hours & Speaks Out
The search for Nancy Guthrie, the 84-year-old mother of NBC “Today” show co-anchor Savannah Guthrie, has stretched into its fourth week with no major breakthroughs, as authorities comb through thousands of hours of surveillance footage and the family renews public pleas for information amid a $1 million reward offer.

Nancy Guthrie was last seen the evening of January 31, 2026, after being dropped off at her home in the Catalina Foothills area of Tucson following dinner at her daughter Annie Guthrie’s residence. She was reported missing February 1 when she failed to attend a virtual church service. Investigators believe she was taken from her bed against her will in the early morning hours, as her pacemaker stopped transmitting signals around 2:28 a.m. that day.
As of February 28, marking day 28 since her disappearance, the Pima County Sheriff’s Office and FBI describe the investigation as active and ongoing. Officials have shifted focus to analyzing extensive video evidence, including newly surfaced Ring camera footage from neighbors showing multiple vehicles in the vicinity during overnight hours surrounding the abduction. One clip captured at least a dozen cars passing near her home between midnight and 6 a.m. on February 1, while another depicted a light-colored vehicle driving past a residence about 2.5 miles away around 2:30 a.m. Authorities have reviewed the material but stated it does not appear directly related to the case, though it continues to inform the timeline and vehicle of interest inquiries.
An FBI official reported the agency has amassed as many as 10,000 hours of video for review, describing it as a key component of the investigation. The command post, initially in Tucson, has been relocated to Phoenix for long-term operational efficiency, with most agents based there. Investigative squads, evidence recovery teams and SWAT units remain active in Tucson through the local FBI satellite office.
On February 27, Savannah Guthrie posted a new Instagram video renewing her emotional plea for her mother’s safe return. Sharing a “Today” show segment explaining the tip submission process, she wrote, “Please — be the one that brings her home. Tips can be anonymous, reward can be paid in cash.” The family-offered reward of up to $1 million is for information leading to Nancy Guthrie’s recovery, consistent with FBI criteria. The FBI also offers a separate $100,000 reward.
Savannah Guthrie has emphasized her mother’s fragile health, noting the urgency of her safe return. In earlier posts, she described the abduction as occurring “in the dark of night from her bed,” urging anyone with information to come forward. She has expressed gratitude for public support and prayers while maintaining hope for a miracle.
The Pima County Sheriff’s Department indicated it is “refocusing resources” as the case approaches the one-month mark, limiting public updates to instances when new information warrants release. The Guthrie family home, which served as the primary crime scene, is expected to be returned to the family soon after exhaustive forensic processing, a law enforcement source told CBS News. Savannah Guthrie has indicated plans to return to her “Today” show duties in the near future, though the emotional toll remains evident.
No arrests have been made, and no motive has been publicly identified. Investigators continue examining DNA evidence, including from a glove found about two miles from the home, though recent reports indicate no matches in national databases. A backpack discovered by volunteer searchers earlier in the investigation was not deemed a viable lead.
Nancy Guthrie, a longtime resident of the Tucson area, is widely known beyond her daughter’s celebrity for her work as a Bible teacher, author and conference speaker. She has written numerous books on Christian theology, including studies tracing Jesus through the Old Testament and series such as “Seeing Jesus in the Old Testament.” She hosts the “Help Me Teach the Bible” podcast for The Gospel Coalition and leads workshops on biblical theology. Her website lists upcoming speaking engagements, including events planned for March 20-21, 2026, at Redeemer Lincoln Square in New York and the Katoomba Easter Convention in Australia from April 3-6, 2026. However, these appearances remain uncertain amid the ongoing search.
The case has drawn intense national attention due to Savannah Guthrie’s prominence as a journalist and co-anchor. She has spoken publicly about the family’s anguish, emphasizing hope amid uncertainty. Experts on missing persons cases note the prolonged absence, combined with the lack of a clear vehicle of interest or named suspects, complicates efforts. Former FBI agents have described the challenge of achieving a “clean” disappearance in an era of widespread surveillance, digital tracking and forensic tools, yet this case has so far defied quick resolution.
Anyone with information is urged to contact the FBI tip line at 1-800-CALL-FBI (1-800-225-5324) or local authorities. Tips can remain anonymous, and the $1 million family reward remains active for credible leads leading to Nancy Guthrie’s recovery.
As the investigation enters its fifth week, the family clings to hope for a positive outcome while grappling with daily uncertainty—a sentiment echoed by advocates for missing persons who stress the psychological strain on loved ones in prolonged cases.
Business
(VIDEO) Jim Carrey Makes Rare Public Debut With Girlfriend Min Ah, Calls Her ‘Sublime Companion’
Jim Carrey made his first public appearance with girlfriend Min Ah on February 26, 2026, attending the 51st César Awards in Paris, where the actor received an honorary award and delivered a heartfelt speech in French that included a public declaration of love for his partner.

The 64-year-old Canadian-American star walked the red carpet at L’Olympia alongside Min Ah, his daughter Jane Erin Carrey, 38, and grandson Jackson Riley Santana. Carrey, known for keeping his personal life private, used his acceptance speech for the Honorary César — recognizing his contributions to cinema — to thank his family and openly acknowledge Min Ah.
“Thank you to my sublime companion, Min Ah. I love you, Min Ah,” Carrey said in French, prompting applause from the audience. He also expressed gratitude to his daughter and grandson, saying, “Thank you to my wonderful family, my daughter Jane, and my grandson Jackson, as I love you now and forever.” The actor closed by honoring his late father, Percy Joseph Carrey, calling him “the funniest man I have ever known” who taught him “the value of love, generosity and laughter.”
The moment marked the couple’s official public debut after years of private dating. Sources close to Carrey confirmed the pair have been together for several years, with earlier sightings dating back to February 2022 when they were photographed leaving a charity comedy event hosted by Judd Apatow at Largo at the Coronet in Los Angeles. At that time, outlets identified Min Ah — sometimes referred to as Minzi — as a Los Angeles-area actress and artist.
Details about Min Ah remain limited, as she has maintained a low public profile. Reports describe her as a creative professional in the arts, though she has not appeared in major acting credits or maintained a visible social media presence tied to the relationship. Carrey has rarely discussed his romantic life since his previous high-profile relationships, including his marriage to Melissa Womer (1987-1995) and Lauren Holly (1996-1997), as well as his engagement to Cathriona White, who died in 2015.
The César appearance comes amid Carrey’s selective return to public life. The comedian and actor, whose career spans iconic roles in films like *Ace Ventura: Pet Detective*, *The Mask*, *Dumb and Dumber* and *Eternal Sunshine of the Spotless Mind*, has stepped back from Hollywood in recent years to focus on painting, writing and personal reflection. He last starred in the 2020 film *Sonic the Hedgehog* and its 2022 sequel, voicing Dr. Robotnik.
Fans and media reacted swiftly to the rare glimpse into Carrey’s personal life. Social media buzzed with support for the couple, with many praising Carrey’s fluent French delivery and emotional sincerity. “Jim Carrey speaking French and shouting out his love — iconic,” one user posted on X. Others noted the significance of the moment for a star who has often guarded his privacy, especially after past tragedies and public scrutiny.
The César Awards, France’s equivalent of the Oscars, honored Carrey for his global impact on comedy and film. His speech reflected on his French-Canadian heritage, joking about his accent while expressing gratitude for the recognition. The event drew a star-studded crowd, with Carrey’s family presence adding a personal touch to the professional milestone.
Carrey and Min Ah’s relationship has drawn curiosity due to the actor’s relatively quiet dating history in recent years. No wedding plans or further details have been shared, and representatives for Carrey declined to comment beyond the public appearance.
As Carrey continues selective projects and artistic pursuits, the Paris outing highlights a more open chapter, blending his storied career with a private romance now shared publicly for the first time.
Business
UAE President Sheikh Mohamed bin Zayed Holds Phone Call With Saudi Crown Prince Mohammed bin Salman
UAE President Sheikh Mohamed bin Zayed Al Nahyan received a phone call Saturday from Saudi Arabia’s Crown Prince and Prime Minister Mohammed bin Salman bin Abdulaziz Al Saud to discuss recent regional developments, including Iran’s ballistic missile attacks on the UAE and other Gulf states, according to the UAE’s official news agency WAM.
The conversation, reported late February 28, 2026, came hours after Iran launched retaliatory strikes targeting U.S. military assets and Gulf allies in response to joint U.S.-Israeli operations against Iranian leadership and facilities earlier that day. The Saudi Crown Prince expressed the Kingdom’s strong condemnation of the Iranian attacks, affirmed full solidarity with the UAE and offered all available resources to support any measures Abu Dhabi might take.

Sheikh Mohamed expressed appreciation for Saudi Arabia’s firm stance, fraternal solidarity and readiness to stand by the UAE. Both leaders warned of the serious consequences of continued violations of state sovereignty and international law, describing the actions as a dangerous escalation threatening regional security and stability. They called for restraint and emphasized pursuing diplomatic solutions to safeguard the region’s security.
The call underscored close coordination between the two Gulf powers amid heightened tensions. It marked a show of unity following Iran’s missile barrages, which UAE air defenses intercepted with high efficiency. Debris from interceptions caused one fatality in Abu Dhabi and material damage in residential areas, while explosions were reported in Bahrain, Qatar, Kuwait and near other U.S.-hosted sites.
Saudi Arabia separately condemned the attacks in the strongest terms, denouncing them as a flagrant violation of sovereignty against the UAE, Bahrain, Qatar, Kuwait and Jordan. The Kingdom’s foreign ministry statement urged the international community to denounce the aggression.
The dialogue highlighted Gulf states’ shared concerns over Iranian actions, especially after missiles targeted countries hosting American forces. Bahrain reported strikes near the U.S. Navy’s Fifth Fleet headquarters in Manama, with residents evacuated from nearby areas. Qatar intercepted projectiles, and similar alerts activated in Kuwait and Saudi Arabia’s Riyadh.
The UAE Ministry of Defense described the incident as a “blatant attack” and reserved the right to respond, stressing that targeting civilian areas crossed red lines. Authorities issued emergency text alerts urging residents to shelter and avoid military sites.
The phone call reflected efforts to de-escalate while maintaining a united front. Both leaders stressed the need for dialogue to prevent broader confrontations, amid fears of prolonged conflict disrupting energy supplies through the Strait of Hormuz.
Oil prices surged more than 15% on supply disruption worries, with Brent crude climbing sharply. Global markets opened lower, and airlines suspended Middle East flights amid airspace closures.
The discussion occurred against the backdrop of U.S. President Donald Trump’s announcement of “major combat operations” against Iran, urging regime change. Israeli Prime Minister Benjamin Netanyahu framed the initial strikes as pre-emptive to eliminate threats.
Iran’s Islamic Revolutionary Guard Corps claimed the retaliatory launches targeted U.S. assets and vowed continued operations. Tehran condemned the U.S.-Israeli aggression as violations of sovereignty.
International reactions included calls for restraint from European leaders and condemnation from Russia and China, who labeled the initial strikes “illegal.” The U.N. Security Council scheduled an emergency meeting.
The UAE-Saudi exchange reinforced Gulf solidarity, signaling coordinated responses to threats while prioritizing diplomacy. As the situation evolves, the call may pave the way for further consultations among GCC states.
Business
Market analysts react to US-Israel strikes on Iran

Market analysts react to US-Israel strikes on Iran
Business
Iran-Israel war: Up 20% in 2026, crude oil stares at $80 a barrel
Israel launched attacks on Iran’s capital Tehran to remove what it called “an existential threat”. The attacks came as talks between the US and Iran over nuclear de-escalation failed to reach an understanding. The US has backed the Israel’s attacks. Iran has retaliated to the attacks.
“Uncertainty prevails, fear is pushing prices higher today,” Tamas Varga, an analyst at PVM was quoted as saying by Reuters. “It is completely driven by the outcome of the Iranian nuclear talks and possible military action the U.S. might take against Iran.”
Quoting Barclays Bank, IANS reported that Brent crude could rise to around $80 per barrel in the event of any significant supply disruption as the market is experiencing a risk premium due to geopolitical tensions, although any escalation may not necessarily lead to an immediate supply disruption.
The benchmarks Brent and the US WTI surged over 3% in the previous session and could extend their gains on Monday when trading resumes.
The US WTI crude oil futures ended at $67.29 per barrel, gaining $2.08 or 3.19% in a single session while Brent witnessed an even sharper surge of 3.4% or $2.37 per barrel to close at $72.87.
The Brent and WTI benchmarks are currently trading at their highest levels since July and August.President Donald Trump called the strikes a “major combat operations in Iran” in a video released on social media. The strikes were launched near the offices of Supreme Leader Ayatollah Ali Khamenei.
The war-like situation is likely to impact operations through the Strait of Hormuz, a 21-mile-wide waterway which remains a critical passage for global supply. Approximately 13 million barrels per day pass through the Strait — roughly 31% of all seaborne crude oil on earth.
Commodity and currency expert Anuj Gupta expects a sharp spike on Monday, hinting at Brent testing the $75 per barrel mark while WTI scaling $70 levels.
Crude oil prices have been on fire rising by nearly 5% or $3.39 in February while extending the 2026 gains to a $12.21 per barrel, implying a 20.10% year-to-date increase.
The war premium is expected to grow if the crisis is not contained in time.
Strategy for oil traders
Gupta suggests buying MCX Crude oil futures at Rs 5,950-6,000 with a stop loss of Rs 5,750 and a target of Rs 6,350-6,500.
Impact on equity markets
High crude oil prices are expected to be sentimentally negative for domestic equity markets when trading resumes on Monday.
Kranthi Bathini, Director-Equity Strategy at WealthMills Securities said a level above $80 per barrel could be a strong negative. He expects a choppy trade on Monday, expecting sharp cuts that may stay over a near term.
India’s benchmark indices Nifty and the BSE Sensex, ended with deep cuts on Friday amid selling pressure across the board. Auto, financials and FMCG were major laggards while the IT sector saw selective buying action. In a volatile session, the broader Nifty edged lower by 317.90 points, or 1.25%, to close at 25,178.65, while the 30-share Sensex plunged by 961.42 points, or 1.17%, to settle at 81,287.19.
Sectors in focus
Oil marketing companies like Bharat Petroleum Corporation Limited (BPCL), Hindustan Petroleum Corporation (HPCL) and Oil India Limited could be in focus and may see selling pressure, if oil prices jump sharply.
High prices impact refining margins of OMCs, hitting their bottom lines.
Moreover, tyre and paint stocks could also come under pressure. Crude oil is a key raw material source for both paint and tyre companies because many of their inputs are petroleum-based derivatives.
Also read: Iran-Israel tensions likely to trigger choppy trade on Monday. What should investors do?
(Disclaimer: The recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times.)
Business
Berkshire Hathaway profit falls on writedowns, lower insurance income

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