Post-Buffett Era Begins: Berkshire Investors Praise Greg Abel at Annual Meeting
At Berkshire’s first annual shareholder meeting after Buffett’s retirement, investors gave strong approval to successor Greg Abel’s ‘Narrow AI’ strategic direction.
Finance
Amazon AWS Data Centers Hit by Drone Strikes, Repairs Expected to Take Months
Amazon Web Services data centers in the UAE and Bahrain suffered damage from the Middle East conflict, with full restoration expected to take up to six months. Initial losses estimated at $150 million.
OPEC+ Meeting Tests Unity After UAE's Shock Exit from Cartel
OPEC+ holds its first ministerial meeting since the UAE’s surprise withdrawal, attempting to demonstrate unity amid the Strait of Hormuz crisis.
Spirit Airlines Shuts Down as Iran War Fuel Costs Crush Ultra-Low-Cost Carrier
Spirit Airlines has ceased all operations, becoming the first major airline to collapse amid soaring fuel prices triggered by the Iran war, disrupting millions of passengers.
US Economy Grew 2% in Q1, Recovering from Federal Shutdown as Iran War Clouds Outlook
US Commerce Department data shows Q1 2026 GDP grew 2%, recovering from the prolonged federal government shutdown. However, soaring energy prices and supply chain disruptions caused by the Iran war cast uncertainty over the economic outlook for the second half of the year.
MAHA Movement Pushes Strict Definition of Ultraprocessed Foods, Yogurt and Peanut Butter May Face Regulation
The MAHA movement led by US Health Secretary Robert F. Kennedy Jr. is pushing for a strict definition of ‘ultraprocessed foods,’ potentially bringing some yogurts and peanut butters under regulatory scrutiny, drawing widespread attention from the food industry.
Countries Accelerate EV Adoption to Shield Against Oil Price Shocks, Costa Rica Leads the Way
As the Iran geopolitical conflict keeps international oil prices at multi-year highs, Costa Rica and other Latin American, Asian, and African nations are accelerating electric vehicle adoption to reduce reliance on imported oil and hedge against fuel price volatility.
UK Unveils Aviation Fuel Contingency Plan: Airlines Can Cancel Flights Weeks in Advance
The UK government unveils new contingency rules allowing airlines to cancel flights weeks ahead over fuel shortages without losing valuable airport slots.
Berkshire's Greg Abel Takes the Stage: Making the Case for the Post-Buffett Era
Berkshire Hathaway CEO Greg Abel delivers a keynote address at the annual meeting, systematically outlining the company’s strategic direction in the post-Buffett era and addressing market concerns about leadership transition.
Maryland Becomes First US State to Ban AI-Driven Dynamic Pricing in Grocery Stores
Maryland has become the first US state to ban grocery stores from using AI-driven dynamic pricing (surveillance pricing), marking a new phase in AI regulation.