Ed Kalegi

Berkshire also took a $4.5 billion impairment on its Kraft Heinz and Occidental Petroleum holdings.

Berkshire's cash pile stood at $373.3 billion, down from $381.7 billion in the previous quarter.

The conglomerate's earnings are closely watched because its stable of businesses ranging from insurance to rail, energy and manufacturing provides a snapshot of the health of the U.S.

economy.

That's news when you want it with Bloomberg News Now.

I'm Ed Kalecki.

This is Bloomberg.

News when you want it with Bloomberg News Now.

I'm Ed Kalecki.

The Trump administration is seeking to delay court proceedings over whether it must refund importers billions of dollars in tariffs recently struck down by the U.S.

Supreme Court, marking a contentious start to the next phase of the legal fight.

The government wants to wait as long as four months before reviving litigation before the U.S.

Court of International Trade on the refund question.

The government lawyers criticized attorneys for companies in one of the lead cases for pressing to reopen the legal wrangling as soon as possible.

Anthropic says it has not received any direct communication from the Department of War or the White House on the status of negotiations and will challenge any supply chain risk designation in court.

The Pentagon earlier declared Anthropica supply chain risk after President Trump directed U.S.

government agencies to stop using the artificial intelligence giant's products.

The Pentagon wants to use Anthropica's Clawed chatbot for any purpose within legal limits, but without any usage restrictions from Anthropica.

The firm has insisted that Clawed not be used for mass surveillance against Americans or in fully autonomous weapons operations.

OpenAI says it has reached an agreement with the U.S.