Berkshire book value rises by $37 billion thanks to US tax cuts

Berkshire Hathaway has reported that it expects to receive a 12 percent increase in book value, a yardstick used to measure company performance by calculating assets minus liabilities. The increase, worth about $37 billion, is credited to the recent tax cut bill signed into law by President Trump. 

Barclays Capital analysts sent a note to its clients on Monday stating that the Warren Buffett-owned conglomerate could expect to see the increase for the last quarter of 2017 soon, “…because Berkshire can lower its tax bill on investments that have risen in value.”

Berkshire owns subsidiaries like Geico and BNSF Railroad, and has long been seen as a beneficiary of corporate tax cuts. They saw their Class A shares reach $300,000 just three weeks ago, shares that are now expected to reach $357,000, with Class B shares projected to rise to $238 from $215. 

House Republican Bob Goodlatte (R-Va.) supports medical marijuana research legislation
George R. R. Martin announces new book, despite another book's delay
Footprints suggest that humans used to hunt giant sloths for meat
Hospitals may soon need to publish standard prices for patients online
Supreme Court shows support for Trump’s travel ban
Rapper Kanye West discusses his 'love' of President Trump in a series of Twitter posts
Peter Thiel won't buy Gawker according to new agreement