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.
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Elizabeth Holmes spotted at Texas prison where Ghislaine Maxwell was transferred
Elizabeth Holmes, founder of Theranos, was recently seen jogging at Federal Prison Camp Bryan in Texas, where she is serving an 11-year sentence for fraud after misleading investors. The facility also houses Ghislaine Maxwell, who was transferred from Florida; Maxwell is seeking a pardon and has offered to testify about Jeffrey Epstein in exchange for immunity. Want More Context? 🔎
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