BERKSHIRE HATHAWAY - BRK.B STOCK NEWS

The NetJets Association of Shared Aircraft Pilots (NJASAP) filed a lawsuit against Berkshire Hathaway's NetJets in the U.S. District Court for the Southern District of Ohio, accusing the luxury jet carrier of suppressing union-related speech, violating federal labor law. The complaint stems from threats by NetJets to discipline pilots for directing customers to the union's website for contract negotiation queries. NJASAP argues that this action infringes on pilots' rights to communicate about labor disputes. Despite NJASAP's efforts to engage in dialogue, NetJets has not responded to union inquiries. Additionally, NetJets leadership has accused the union of being out of touch with its members. This legal challenge highlights tensions between NetJets management and its pilots amid ongoing labor negotiations.

Mouser Electronics, a leading distributor of electronic components, has launched a new season of its award-winning Empowering Innovation Together™ series focusing on green energy storage systems ahead of Earth Day 2023. The initial installment discusses the necessity and future of energy storage for integrating renewable sources like wind and solar, which account for 20% of U.S. energy generation. Industry experts share insights on trends in energy capture and storage, helping engineers select optimal components for sustainable energy solutions. The series features podcasts, articles, and case studies, and highlights the transition to renewable energy and the importance of efficient storage systems. Mouser's program aims to assist innovators in designing tomorrow's solutions, continuing its commitment to advancing sustainability in technology.

Mouser Electronics, a leader in New Product Introductions (NPI), continues its support for the FIRST Robotics Competition, sponsoring the Hall of Fame at the 2023 Championship held on April 19-21 in Houston, Texas. This ongoing partnership emphasizes Mouser's commitment to education, incentivizing young people through engineering challenges. The company has supported FIRST since 2014, contributing to nearly 100,000 students on over 3,400 teams, promoting STEM education globally. Mouser's Senior Vice President, Kevin Hess, highlighted the significance of this sponsorship in fostering innovation and building character among students. The company will also be co-sponsoring several regional competitions, enhancing its leadership role in the field.

MLMIC Insurance Company mourns the passing of its founder, Donald J. Fager, an esteemed attorney with 48 years in healthcare professional liability. Fager contributed substantially to medical malpractice discussions at state and national levels and was pivotal in founding MLMIC in 1975, now one of the largest medical liability insurers in the U.S. He served in numerous leadership roles within the legal and medical communities and was recognized with several awards for his contributions. Fager's legacy in medical liability law and patient safety is profound, leaving a lasting impact on the industry.

The NetJets Executive Management Team faces criticism for not taking adequate measures to attract and retain pilots amid a tightening pilot shortage. According to the NetJets Association of Shared Aircraft Pilots (NJASAP), representing over 2,900 pilots, this lack of action could jeopardize NetJets's ability to maintain its status as a leading fractional air transportation provider. The NJASAP emphasizes that the airline industry's competitive landscape necessitates proactive steps to ensure the safety and service standards that customers expect. NetJets operates in over 5,000 airports worldwide, highlighting the need for experienced pilots.

On March 20, American Dairy Queen Corporation (ADQ) will celebrate Free Cone Day, inviting fans to enjoy a complimentary small vanilla cone at participating DQ restaurants nationwide. This annual tradition marks the first day of spring and kicks off 'Treat Season.' Guests can receive one free cone per person while supplies last, emphasizing community engagement. ADQ, a subsidiary of Berkshire Hathaway (BRK.B), operates over 7,000 restaurants across the US and internationally, connecting with fans through social media and its mobile app.

Lubrizol is enhancing supply reliability for industrial grease solutions by opening a new grease lab in Navi Mumbai, India.

With rising lithium prices affecting grease manufacturing, Lubrizol is promoting alternative calcium sulfonate greases. The lab will aid in testing formulations, focusing on OBCS technology, which provides better thickening properties.

The facility will support local manufacturers through performance testing, benchmarking, and training, aiming to boost competitiveness by offering essential technical support. Lubrizol’s innovative solutions include calcium sulfonate precursors designed for efficiency in manufacturing and application.

Berkshire Hathaway reported its earnings for Q4 and full year 2022, reflecting net earnings attributable to shareholders of $18.2 billion in Q4 and $89.8 billion for the full year, marking a decrease from $39.6 billion in Q4 2021. Notably, the company faced significant investment losses of $53.6 billion for the year, with Q4 showing a gain of $11.5 billion. Operating earnings were $6.7 billion in Q4 2022, down from $7.3 billion in Q4 2021, while full-year operating earnings reached $30.8 billion. Berkshire repurchased approximately $2.6 billion worth of shares in Q4, totaling $7.9 billion for the year, with outstanding shares at approximately 1.46 million.