Warren Buffett wrote in his annual letter to Berkshire Hathaway shareholders that despite the conglomerate's record cash haul, the "substantial majority" of their money is in equities.
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The controversial defense contractor saw a sixfold surge in the value of its stock last year.
The S&P 500 dropped 1.7% and the tech-heavy Nasdaq lost more than 2% on Friday.
UnitedHealth Group called The Wall Street Journal's report "misinformation" and said it was unaware of reported investigaiton.
Cohen, the CEO of GameStop and a hero among the meme stock crowd, has grown his bullish bet on the Chinese tech giant to $1 billion, the Journal reported.
Stocks sold off on Friday as new U.S. data sparked concern among investors over a slowing economy and sticky inflation, leading them in search of safer assets.
The report omitted the bank's past statement that "a diverse and inclusive workforce is important to Morgan Stanley's continued success." Instead, the report now says: "meritocracy is at the heart of Morgan Stanley's talent development" and "a workforce that represents the societies in which we live and work, and our global client base, is integral to Morgan Stanley's continued success." Several corporate giants have been softening their diversity commitments amid a push by Trump to dismantle diversity, equity and inclusion (DEI) programs in the federal government and the private sector.
High-flying AI stocks tumbled on Friday amid a broad risk-averse pivot on Wall Street.
Transportation stocks went sharply in reverse on Friday with the economic bellwether Dow Jones Transport average index falling more than 2.6% in its steepest daily loss since December 18 and its third consecutive decline, as investors reacted to weak economic readings and worried about tariffs. While the transport index pared its losses by the close, most of its stocks fell for the day. Its biggest decliner was Old Dominion, finishing down 8.5%.