Warren Buffett, the stock god, has made another move! According to the latest documents from the Securities and Exchange Commission (SEC), Berkshire, a subsidiary of Warren Buffett, spent $29 million last week to buy 8.9 million C-shares of Liberty SiriusXM (LSXMA), a free media group, and $110 million to buy 3.8 million A-shares.
It is worth noting that Berkshire has increased its holdings in tracking stocks of Sirius XM multiple times this year, making it one of the company's most frequent trades of the year.
The analysis points out that Berkshire's large bet on Sirius XM is due to three reasons: being optimistic about the long-term growth of satellite broadcasting; Agree with the merger value of Free Media Group and Sirius XM; And intentionally exert influence at critical moments to guide the smooth completion of the merger.
Recently, OpenAI showed a preview of the audio generation model "Voice Engine" on its official website. It is reported that by inputting text and 15 second audio samples, the Voice Engine can generate a natural speech that is very similar to the speaker in the audio. The generated natural speech has rich emotions and realistic sounds.
Looking ahead to the overseas market this week, multiple important data will be released. The United States will release March non farm data, "small non farm" ADP data, ISM manufacturing and service industry PMI data, and Europe will release March CPI data. In addition, senior officials such as Federal Reserve Chairman Powell will deliver speeches this week and may provide more clues about interest rate cuts.
"Stock God" makes another move
According to the latest documents from the Securities and Exchange Commission (SEC), Berkshire, a subsidiary of Warren Buffett, spent $29 million last week to buy 8.9 million C-shares of Liberty SiriusXM (LSXMA), a free media group, and $110 million to buy 3.8 million A-shares. Class C shares do not have voting rights, while Class A shares have voting rights.
Liberty SiriusXM is the tracking stock of SiriusXM, a satellite broadcasting company controlled by American media tycoon John Malone, and holds approximately 80% of the equity in Sirius XM SiriusXM (SIRI).
It is worth noting that Berkshire has increased its holdings in tracking stocks of Sirius XM multiple times this year, making it one of the company's most frequent trades of the year.
It is reported that tracking stocks is a mechanism in the US stock market, allowing large diversified corporate groups to allow public investors to invest in a business with growth potential while maintaining the company's structure and asset control. The trading method of tracking stocks is no different from that of ordinary stocks.
However, Sirius XM has encountered widespread bearish sentiment in the market. At present, the short position of Sirius XM accounts for as much as 27% of its outstanding shares. In addition, the stock price of Sirius XM has fallen by nearly 29% since the beginning of this year.
What is Buffett's intention for this operation? The analysis points out that Berkshire's large bet on Sirius XM is due to three reasons: being optimistic about the long-term growth of satellite broadcasting; Agree with the merger value of Free Media Group and Sirius XM; And intentionally exert influence at critical moments to guide the smooth completion of the merger.
Last December, Free Media Group and Sirius XM announced a deal: both sides decided to simplify the trading structure of tracking stocks. The free media Sirius XM tracking group (LSXMA, LSXMK, and LSXMB) will merge with Sirius XM, and the new company will retain the brand and transaction code "SIRI" of Sirius XM. Both parties expect that this transaction will be completed in the early third quarter of 2024. According to the transaction arrangement, existing shareholders of Sirius XM will receive shares of the new Sirius company in a 1:1 ratio, while holders of existing tracking shares will receive shares of the new company in a 1:8.4 ratio.
As the merger transaction approaches, the price gap between tracking stocks and Sirius XM stocks narrows, and holders of tracking stocks may receive returns. However, some investors believe that the current valuation of Sirius XM stock is too high, and once the transaction is completed, its price will drop significantly.
OpenAI releases audio generation model Voice Engine
Recently, OpenAI showed a preview of the audio generation model "Voice Engine" on its official website.
It is reported that by inputting text and 15 second audio samples, the Voice Engine can generate a natural speech that is very similar to the speaker in the audio. The generated natural speech has rich emotions and realistic sounds.
OpenAI revealed that it had developed the Voice Engine as early as the end of 2022 and used it to support the text to speech API, as well as the voice and reading functions of ChatGPT. However, due to security concerns, it has not been fully tested.
OpenAI also lists some early application scenarios of Voice Engine, such as providing natural and emotional reading services for children, translating videos and podcasts, improving community services in remote areas, and helping patients with sudden or degenerative speech disorders recover their voices.
Although OpenAI has released a series of application results for Voice Engine. But the company stated that due to the potential misuse of synthetic voice, OpenAI hopes to discuss responsible deployment of synthetic voice and how society can adapt to these new features. Based on the results of the discussion and small-scale testing, OpenAI will make a decision on whether to deploy this technology on a large scale.
One Week Forward: Latest Nonfarm Data Released
Looking ahead to overseas markets this week, multiple important data will be released. The United States will release March non farm data, "small non farm" ADP data, ISM manufacturing and service industry PMI data, etc. Europe will release March CPI data. In addition, several high-ranking officials including Federal Reserve Chairman Powell will deliver speeches this week.
For March's non-agricultural data, the market currently expects an increase of 200000 new jobs in March, and the unemployment rate is expected to stabilize at 3.9%. The salary growth rate is expected to slightly decline to 4.1%.
Several officials, including Federal Reserve Chairman Powell, Federal Reserve Board members Cook, Bauman, and Kugler, will deliver speeches, expected to discuss current interest rates and rate cuts. Federal Reserve Chairman Powell will deliver his views on the economic outlook at Stanford University on April 3rd local time.
After the release of the core PCE data, a key inflation indicator, last week, Powell said in a speech that the February core PCE data "basically met our expectations," but he reiterated that he is not in a hurry to cut interest rates and hopes to see more positive inflation data to boost confidence.
In terms of individual stocks, Tesla will release its delivery data for the first quarter this week and announce its profit situation for the first quarter on April 17th.
The Ukrainian side claims that the Russian Ministry of Foreign Affairs accuses Ukraine of participating in the terrorist attack at the Moscow State Concert Hall without evidence
On March 31st local time, the Russian Ministry of Foreign Affairs stated that after investigation by relevant Russian departments, it was found that the terrorist attack on the "Krokus City" concert hall was planned by the Ukrainian government. The Ukrainian government had previously planned multiple terrorist activities, including the explosion of the Crimean Bridge and the explosion of the Vasily Island caf é in St. Petersburg. Russia demands that the Ukrainian government immediately cease its support for terrorist activities and compensate victims for the losses suffered during terrorist actions.
In addition, the Russian side also demands that the Ukrainian authorities arrest all individuals involved, including the Director of the Ukrainian National Security Agency, Maliuk.
On March 31st, local Ukrainian media reported that Russia has once again accused Ukraine of carrying out a terrorist attack on the Moscow State Concert Hall and demanded the arrest of the Director of the Ukrainian National Security Agency, Maliuk. The Ukrainian National Security Agency has issued a statement.
The statement stated that the Russian Ministry of Foreign Affairs did not provide any evidence to prove Ukraine's involvement in the terrorist attack on the "Krokus City" concert hall, but instead made a request to the Ukrainian authorities to immediately arrest and extradite all those involved in these attacks in accordance with the International Convention for the Suppression of Terrorist Bombings and the International Convention for the Suppression of the Financing of Terrorism. It even stated that Ukraine violated its obligations under the anti-terrorism convention and will bear international legal responsibility.