HomeIndustriesBanks & FinanceWarren Buffett's Transition Plan, Media Stocks Hit By Tariff Proposal

Warren Buffett's Transition Plan, Media Stocks Hit By Tariff Proposal

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.

Morning Trade Live

05 May 2025

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