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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Columbia University student among 5 victims identified in deadly New York tour bus crash
Five individuals were killed in a tour bus crash in western New York, identified as Shankar Kumar Jha, Pinki Changrani, Xie Hongzhuo, Zhang Xiaolan, and Jian Mingli. The bus, carrying 54 passengers, lost control and tipped over, injuring many, with 14 still hospitalized; authorities believe the driver, Bin Shao, became distracted but showed no signs of impairment. Want More Context? 🔎
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