The Corporation for Public Broadcasting (CPB) will wind down operations after losing federal funding due to actions by the Trump administration, including an executive order and congressional decisions. CPB President Patricia Harrison announced that most staff positions will end by September 30, 2025, warning that defunding public media, crucial for emergency alerts, could significantly impact rural communities.
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Profits at Warren Buffett’s Berkshire Hathaway drop as it writes down its Kraft Heinz investment
Berkshire Hathaway reported a significant profit decline in Q2, earning $12.37 billion due to a $3.76 billion writedown on its Kraft Heinz stake, as the food company considers reversing its merger. Despite this, Berkshire's operating earnings slightly decreased to $11.16 billion, surpassing analyst expectations, while CEO Warren Buffett prepares to transition leadership to Vice Chairman Greg Abel later this year. Want More Context? 🔎
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