00:00It's Benzinga bringing Wall Street to Main Street.
00:02Berkshire Hathaway's annual meeting will take place without Warren Buffett,
00:06as Greg Abel assumes the CEO role and faces pressure to address a significant cash position
00:12and underperforming stock. According to Benzina, shares fell 11.19% year over year,
00:19while the S&P 500 rose 29.5%. Some investors are waiting for Abel to prove himself before
00:25increasing positions. Abel resumed stock buybacks in March after pausing them since May 2024.
00:33Berkshire ended 2025 with $373 billion in cash and has avoided major acquisitions for a decade,
00:40aside from a $9.5 billion Occidental Petroleum purchase in January.
00:45The meeting format will change, with Abel leading a solo presentation,
00:49while attendance has declined and fewer international investors are traveling.
00:53For all things money, visit Benzinga.com.
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