Warren Buffett stepped down as Berkshire Hathaway CEO, passing the torch to Greg Abel. The legendary investor, born 1930, reshaped finance.
Berkshire Hathaway increased its holdings in Amazon, the New York Times, Chevron, and Chubb in late 2025, while trimming stakes in Bank of America and Apple. This marks Warren Buffett's final quarter as CEO, with notable shifts in investment strategy amid geopolitical and market developments.
Leaders like BlackRock's Larry Fink warn that AI's growth could deepen economic inequality, benefiting a few large companies and investors. Concerns about a potential bubble and market risks are rising as AI investments surge, with new startups like LeCun's AMI Labs aiming to develop more advanced AI systems.
Michael Bloomberg, founder of Bloomberg LP and former New York mayor, donated $4.3 billion in 2025 to support arts, education, environment, public health, and city governance. He ranks among the top philanthropists, with other major donors including Gates, Buffett, and the late Paul Allen. Total contributions reached $22.4 billion.
Unilever plans to merge its food division with McCormick in a $15.7 billion cash and equity deal, creating a global flavor powerhouse. The transaction, expected to close by mid-2027, will see Unilever's shareholders owning 55% of the new entity, marking a significant shift in its strategic focus.