The merger of American and US Airways in 2013 increased American's market share at Philadelphia's airport to 77%.

美国航空（American Airlines）和全美航空（US Airways）于2013年合并，导致美国航空在费城机场的市场份额上升至77%。

American shares occupy a weight of 63%.

美国股票占比63%。

With investors looking closely at the prospects for the industry, NIO priced the offering of its American depositary shares at $6.26 a share, the bottom of its target price range.

在投资者密切关注该行业前景之际，蔚来汽车将其美国存托股票的发行价定在每股6.26美元，这是其目标价格区间的下限。

High payout rates in America—equivalent to 63% of operating cashflow, compared with 41% in Europe—have helped push American share prices relative to earnings well above those in most other markets.

美国的高派息率——相当于运营现金流的 63%，而欧洲为 41%——帮助推动美国股价相对收益的比率远高于大多数其他市场。

I'm going to start by telling you when they became shareholders, Ted Weschler, who works for Warren, came and told me that they were acquiring American shares, wanted me to know.

我要开始告诉你，当他们成为股东时，为沃伦工作的泰德·韦施勒 (Ted Weschler) 来告诉我他们正在收购美国股票，想让我知道。