Fund manager owns just one Mag 7 stock after dumping Meta stake: ‘You have to pick the stock you really believe in’

European shares are poised to move slightly higher at the open on Friday.

Welcome to CNBC’s live blog covering all the latest news, views and action on day 3 of the World Economic Forum in Davos, Switzerland.

Goldman will buy up to $1 billion in T. Rowe Price common stock through open-market purchases with the intention to own up to 3.5%.