Warren Buffett's Transition Plan, Media Stocks Hit By Tariff Proposal
Schwab Network · Schwab Network
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Show Notes
The "Oracle of Omaha" will step down as CEO of Berkshire Hathaway (BRK/B) in 2026, but will remain as chairman. Greg Abel, a longtime protégé of Warren Buffett, will take the reins. Berkshire's 1Q earnings showed a 14% drop in operating earnings, but the company's cash pile grew to $347 billion. Meanwhile, media stocks like Netflix (NFLX), Walt Disney (DIS), and Paramount Global (PARA) are under pressure following a proposed 100% tariff on foreign-produced movies. Jeff Pierce takes a look at some of Monday's biggest movers.
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