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Warren Buffett, who has a significant stake in IBM, has cut his holdings by a third this year. CNBC said that Buffett owned 81 million shares as of the end of last year, but has sold off a third of that this year.

I don't value IBM the same way that I did 6 years ago when I started buying... I've revalued it somewhat. — Buffett to CNBC

"When it got above $180 we actually sold a reasonable amount of stock," the Berkshire Hathaway CEO told CNBC, adding that he has stopped selling with the stock now below $160 per share.

Why it matters: Obviously, Buffett is not just a large shareholder, but an influential investor as well. IBM has weathered many past technology transitions, but people are raising questions about whether the company can continue that streak.

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"Hamilton" is a streaming hit for Disney+

Data: Google Trends; Chart: Andrew Witherspoon/Axios

The debut of "Hamilton" on Disney+ last Friday sent downloads of the app soaring over the weekend.

Why it matters: With theaters closed until 2021, "Hamilton" is the biggest litmus test for whether Broadway will ever be able to successfully transition some of its iconic hits.

Wall Street is no longer betting on Trump

Illustration: Sarah Grillo/Axios

Betting markets have turned decisively toward an expected victory for Joe Biden in November — and asset managers at major investment banks are preparing for not only a Biden win, but potentially a Democratic sweep of the Senate and House too.

Why it matters: Wall Street had its chips on a Trump win until recently — even in the midst of the coronavirus-induced recession and Biden's rise in the polls.

With new security law, China outlaws global activism

Illustration: Eniola Odetunde/Axios

The draconian security law that Beijing forced upon Hong Kong last week contains an article making it illegal for anyone in the world to promote democratic reform for Hong Kong.

Why it matters: China has long sought to crush organized dissent abroad through quiet threats and coercion. Now it has codified that practice into law — potentially forcing people and companies around the world to choose between speaking freely and ever stepping foot in Hong Kong again.