UnitedHealth jumps after Berkshire Hathaway buys new stake

Berkshire owned 5.04 million UnitedHealth shares worth about $1.57 billion as of June 30, it said in a U.S. Securities and Exchange Commission filing. The investment comes at the time when its shares have been battered amid rising health care costs, a U.S. Department of Justice probe related to its billing practices, a cyberattack, and the shooting death of former top executive Brian Thompson in December.