The Oracle of Omaha, the legendary investor Warren Buffett, has been a major long-term major investor in American Express through Berkshire Hathaway (BRK.B), which he heads and controls.
With the rapid increase in the adoption of mobile devices globally, we believe that expanding Express Deals as a mobile application could turn out to be a good long-term move for the company.
Opponents in both Houses have, nonetheless, begun to express serious reservations about the FS-X deal, principally on the grounds that the long-term implications for U.S. competitiveness have not been adequately factored into the arrangement.