Warren Buffett is eyeing some of the businesses suffering the most from the novel coronavirus, The Wall Street Journal reported on Tuesday.
The billionaire investor and Berkshire Hathaway boss is "circling the hardest-hit companies in the travel, lodging, and entertainment sectors, eager to offer financial lifelines should they be needed," the newspaper said, citing people familiar with the matter.
Airlines, hotels, casinos, cinemas, and other businesses in the travel and leisure space are running short of cash as people stay at home to slow the pandemic's spread and authorities shut down tourism hot spots such as the Las Vegas Strip. Buffett may be happy to offer a helping hand — at a price.
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