May 3, 2025

Business

Warren Buffett is planning to step down as Berkshire Hathaway CEO, with Greg Abel expected to succeed him, while Buffett defends global trade and the company sells stocks for the 10th consecutive quarter.
Tariffs, particularly those imposed by Trump, are expected to raise car prices, impact tech companies relying on Chinese imports, and create challenges for businesses in setting prices, while also affecting the energy sector and potentially aiding the mafia.
Global events include Albanese's Labor winning in Australia, concerns about US ability to defend Taiwan, Geneva's role in diplomacy under threat, discussions on what Ukraine must concede for peace, and the UK launching a scheme to attract research talent.
Oil prices are falling, which could spell trouble for some, while OPEC Plus is increasing oil supplies, and there is discussion about whether Belgian wine can become as famous as its beer.
Nigel Farage's political influence is being examined, law firms are facing backlash over deals with Trump, and Reeves' pension overhaul is being criticized.
Coverage includes art exhibitions in New York and London, Bordeaux wine producers cutting prices, and the potential end of recorder playing in schools.
Meta and Blumhouse are creating a chatbot to encourage phone use during movies, and a CEO claims tariffs will destroy America's businesses; Disney is also re-evaluating its approach to Marvel.
Various topics including Spanish power blackout, estate planning, private equity, geopolitics, and German food policy are covered.