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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.
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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.
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The President and Chief Operating Officer of Blackstone: There is still significant growth potential in Datacenter demand.
Despite the threat posed by USA President Trump's tariff policies to the AI boom, Blackstone President and COO Jonathan Gray believes that there is still significant growth potential for Datacenter demand.
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