The Financial Times, August 16.

The Financial Times' top stories are listed below. Reuters has not independently confirmed these reports and does not attest to their veracity.

Headlines

- Beginning in September, Apple has instructed staff to work 3 days a week. https://on.ft.com/3C8X6CE

- Berkshire Hathaway, led by Warren Buffett, stakes a sizable sum on US lender Ally Financial https://on.ft.com/3dzOFpJ

Hedge funds Elliott sold his Twitter holdings before Elon Musk backed out of the agreement.

Overview

Apple, Inc. Chief Executive Tim Cook of AAPL stated that the company's employees must return to work for at least three days a week starting in September in order to maintain the "in-person cooperation that is so vital to our culture."

- Berkshire Hathaway Inc., owned by Warren Buffett Despite indicators that a consumer downturn is starting to affect sales, BRK.A increased its gamble on iPhone manufacturer Apple and placed a significant wager on auto and house lender Ally Financial Inc ALLY in the second quarter.

- In the second quarter, after Elon Musk and Twitter Inc. TWTR reached an agreement on a $44 billion merger in April, activist hedge fund Elliott Management sold all of its equity holdings in the social media business.