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UniCredit made a 35 billion ($40 billion) bid for Commerzbank that will allow it to increase its shareholding beyond 30%, easing the path for a potential future acquisition. Bloomberg's Tommaso Ebhardt reports.

Warren Buffett's Berkshire Hathaway slashed its stake in Amazon by more than 75% in the fourth quarter, while also building a stake in the New York Times, his last new bet as chief executive officer of the conglomerate. Bloomberg's Abeer Abu Omar reports.