John Tucker
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Shares of the New York Times this morning up 3.3% in New York.
I'm John Tucker, Bloomberg Radio.
And good morning, Karen.
Buffett's Berkshire Hathaway slashed its stake in Amazon by more than 75% in the fourth quarter.
It now owns roughly 2.3 million shares of the company.
And so what did Buffett dump Amazon for?
The New York Times.
This marks his last new bet as CEO of Berkshire Hathaway.
A regulatory filing shows Berkshire acquired 5.1 million shares of the Times.
It's a stake that was worth almost $352 million.
Berkshire first bought a stake in Amazon back in 2019.
He said at the time that despite his aversion to tech stocks, he'd been, quote, an idiot for not buying the online retailer giant's shares sooner.
Shares of the New York Times surged more than 10% in post-market trading.
In New York, I'm John Tucker, Bloomberg Radio.
And I'm John Tucker.
And meanwhile, Nathan, the Environmental Protection Agency has revoked a key scientific finding that supported U.S.
regulations on greenhouse gas emissions.
Let's get more from Washington and Bloomberg's Amy Morris.
And Nathan, more fallout this morning from the Jeffrey Epstein scandal.
Goldman Sachs' top lawyer, Kathy Rumler, is leaving the firm following a