Bill Ackman Says Inflation Has 'Largely Been Wrung Out,' Pushes For Temporary Pause On China Tariffs To Shield US Businesses

Benzinga5minutes ago

Is creating a copy of Berkshire Hathaway by learning from stock gods? Ackman claims he wants to align with Buffett.

① Berkshire Hathaway has confirmed in a statement that Buffett will step down as CEO at the end of this year; ② The leadership transition at Berkshire has caused quite a stir in the market, and at this time, Bill Ackman's Pershing Square announced that it would study Berkshire's diversified investment framework; ③ Pershing Square has acquired a Real Estate company and plans to acquire an Insurance company as well, with Ackman stating that he aims to create a "modern version of Berkshire."

cls.cn23:19 ET

'Trump To Sign Order To Encourage Domestic Drug Manufacturing' - Washington Post

Benzinga23:04 ET

Saudi Arabia is waging a price war, and two major US Shale Oil giants have announced cuts in capital expenditures. Has the production of Shale Oil in the USA reached its peak?

The major USA shale oil companies Diamondback Energy and Coterra Energy have both stated that they will reduce their capital budgets for 2025 and decrease the number of drilling rigs. Diamondback Energy CEO Travis Stice warned: "Due to the reduction in drilling rigs, the USA onshore oil production is likely to have peaked and will begin to decline this quarter."

wallstreetcn21:09 ET

U.S. stocks closed: The three major Indexes all fell, with Berkshire dropping over 5%.

① Apple issued bonds for the first time in two years; ② The Board of Directors of Berkshire Hathaway voted to appoint Abel as CEO, while Buffett continues as Chairman; ③ The reorganization plan of OpenAI had to change and will continue to be controlled by a nonprofit entity.

cls.cn17:17 ET

With Buffett stepping down as CEO and performance falling short of expectations, Berkshire's stock dropped over 6% during the day.

Warren Buffett handed over control just as the company's stock price hit a historic high last Friday, marking a triumphant exit. Berkshire's stock faced pressure on Monday as investors digested the sudden announcement of the famed investor's resignation. Analysts believe that, at the operational level, Berkshire is not expected to undergo major changes; under Abel's leadership, its corporate culture and Global Strategy will remain unchanged. The decline in Berkshire's stock price on Monday may also be influenced by the company's Earnings Reports for the first quarter. Wall Street notable Bill Ackman anticipates that Berkshire may increase Cash / Money Market returns to Shareholders moving forward, expressing confidence in Abel's ability to manage Berkshire.

wallstreetcn16:21 ET