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WSJ What’s News

Warren Buffett Is Stepping Down. What’s Next for Berkshire Hathaway?

WSJ What’s News

The Wall Street Journal

News, Daily News

44K Ratings

🗓️ 5 May 2025

⏱️ 13 minutes

🧾️ Download transcript

Summary

P.M. Edition for May 5. The Oracle of Omaha’s move after a 60-year run will be a moment of reckoning for the company he built. WSJ deputy markets editor Justin Baer discusses how Berkshire Hathaway’s new leadership will navigate that. Plus, a study out today shows that Beijing’s “Made in China 2025” plan helped its homegrown companies close the technology gap with the West. We hear from the Journal’s chief China correspondent Lingling Wei about the implications for American tariff negotiations with China. And the Trump administration plans to offer $1,000 payments for migrants illegally in the U.S. to leave the country. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Amazon offers term time working to their employees, like Anton,

0:05.0

who's home to look after his daughters during their holidays.

0:10.0

Hello!

0:11.0

To him, this is the best sound in the world.

0:13.0

Daddy!

0:14.0

Actually, maybe that's the best sound of all.

0:23.2

Now that's term time working.

0:24.6

Offered at Amazon.

0:26.9

Ten weeks off guaranteed per year.

0:29.1

Mix of paid holiday and unpaid time off.

0:29.9

Conditions apply.

0:38.0

Beijing's Made in China plan has helped it close the technology gap with the West.

0:42.3

Plus, what will Berkshire Hathaway look like without Warren Buffett at the helm? The question is always going to be Warren Buffett's presence there.

0:47.4

To what extent does that create a halo or a premium in the value of Berkshire as a company?

0:53.6

We'll see.

0:54.6

And the Trump administration plans to offer $1,000 payments

0:58.0

to migrants who leave the country.

1:00.4

It's Monday, May 5th.

1:02.0

I'm Alex Osloaf for the Wall Street Journal.

1:04.3

This is the PM edition of What's News,

1:06.6

the top headlines and business stories

1:08.4

that move the world today.

...

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