💨 Abstract

A Warren Buffett-owned company reported a significant drop in second-quarter profits, primarily due to a $3.76 billion write-down related to Kraft Heinz, which is considering reversing the 2015 merger backed by Berkshire Hathaway. Berkshire's earnings fell from $30.248 billion to $12.37 billion. Despite economic uncertainties and President Donald Trump's tariffs, most of Berkshire's companies performed well.

Courtesy: WTOP Staff