Why Toyota, IBM, Teva, and Two Other Stocks Are in Spotlight Today

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Teva Pharmaceutical Industries Ltd (ADR) (NYSE:TEVA) and International Business Machines Corp. (NYSE:IBM) are trending after the two announced a substantial expansion of their existing global e-Health alliance. The alliance currently focuses on two key healthcare challenges, the discovering of new treatment options, and the improving of chronic disease management. The expansion of the partnership will feature a new three year research collaboration that will develop cognitive technologies that can hopefully enable a systematic approach to the emerging field of drug repurposing and deliver unprecedented scale in the discovery of new uses for existing drugs. Both initiatives will use the IBM Watson Health Cloud. If successful, Teva will have a more efficient drug pipeline and more revenue, while IBM will be able to make more headway in the critical AI/cloud space, which it has invested substantial resources in and which management hopes will power its growth for the years to come.

According to our data, Warren Buffett’s Berkshire Hathaway owned over 81 million shares of International Business Machines Corp. (NYSE:IBM) and Andreas Halvorsen’s Viking Global held over 27.7  million of Teva Pharmaceutical Industries Ltd (ADR) (NYSE:TEVA) on June 30.

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Disclosure: None

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