Scott

OpenAI has scrapped its plans to become a for-profit entity, opting to keep the company under the control of its non-profit board. CEO Sam Altman said the change won't affect access to a $30 billion investment from SoftBank, which was partially tied to that restructuring. And finally, Warren Buffett announced he is stepping down as CEO of Berkshire Hathaway.

OpenAI has scrapped its plans to become a for-profit entity, opting to keep the company under the control of its non-profit board. CEO Sam Altman said the change won't affect access to a $30 billion investment from SoftBank, which was partially tied to that restructuring. And finally, Warren Buffett announced he is stepping down as CEO of Berkshire Hathaway.

The stock fell 5% following the board's unanimous approval of Greg Abel, who is the vice chairman of non-insurance operations. He will come in as Warren Buffett's successor. Scott, Let's talk about these movie tariffs, this next set of tariffs from Trump on Hollywood.

The stock fell 5% following the board's unanimous approval of Greg Abel, who is the vice chairman of non-insurance operations. He will come in as Warren Buffett's successor. Scott, Let's talk about these movie tariffs, this next set of tariffs from Trump on Hollywood.

The stock fell 5% following the board's unanimous approval of Greg Abel, who is the vice chairman of non-insurance operations. He will come in as Warren Buffett's successor. Scott, Let's talk about these movie tariffs, this next set of tariffs from Trump on Hollywood.

I should point out, I think the trend here that Trump is trying to address, he's not wrong in what is happening, in the idea that production is moving out of the U.S., it's moving away from Hollywood and towards foreign markets. That is actually true. We're increasingly seeing this content that's filmed in places like the UK, Canada, Australia, New Zealand.

I should point out, I think the trend here that Trump is trying to address, he's not wrong in what is happening, in the idea that production is moving out of the U.S., it's moving away from Hollywood and towards foreign markets. That is actually true. We're increasingly seeing this content that's filmed in places like the UK, Canada, Australia, New Zealand.

I should point out, I think the trend here that Trump is trying to address, he's not wrong in what is happening, in the idea that production is moving out of the U.S., it's moving away from Hollywood and towards foreign markets. That is actually true. We're increasingly seeing this content that's filmed in places like the UK, Canada, Australia, New Zealand.

Actually, most of the Best Picture nominees at the Oscars this year were filmed outside of America. And I would imagine that the data point that was placed on Trump's desk here, and which he is reacting to with this new tariff order, is that US-based spending on big budget films has fallen 26% in the past two years. And meanwhile, in the UK and Canada, spending has increased.

Actually, most of the Best Picture nominees at the Oscars this year were filmed outside of America. And I would imagine that the data point that was placed on Trump's desk here, and which he is reacting to with this new tariff order, is that US-based spending on big budget films has fallen 26% in the past two years. And meanwhile, in the UK and Canada, spending has increased.

Actually, most of the Best Picture nominees at the Oscars this year were filmed outside of America. And I would imagine that the data point that was placed on Trump's desk here, and which he is reacting to with this new tariff order, is that US-based spending on big budget films has fallen 26% in the past two years. And meanwhile, in the UK and Canada, spending has increased.

So his diagnosis here is correct. We are seeing production moving into foreign nations. As usual, though, my view is his treatment is just god-awful. Let's hear your views on this move.

So his diagnosis here is correct. We are seeing production moving into foreign nations. As usual, though, my view is his treatment is just god-awful. Let's hear your views on this move.

So his diagnosis here is correct. We are seeing production moving into foreign nations. As usual, though, my view is his treatment is just god-awful. Let's hear your views on this move.

If you want to save Hollywood, you need to figure out a way to make it cheaper to make these movies. And I don't know exactly how you do that, but it probably means something like what you were describing with your Netflix show in New Jersey, where there are rebates and tax incentives that make the economics make more sense. If you really want to save Hollywood, that's how you do it.

If you want to save Hollywood, you need to figure out a way to make it cheaper to make these movies. And I don't know exactly how you do that, but it probably means something like what you were describing with your Netflix show in New Jersey, where there are rebates and tax incentives that make the economics make more sense. If you really want to save Hollywood, that's how you do it.

If you want to save Hollywood, you need to figure out a way to make it cheaper to make these movies. And I don't know exactly how you do that, but it probably means something like what you were describing with your Netflix show in New Jersey, where there are rebates and tax incentives that make the economics make more sense. If you really want to save Hollywood, that's how you do it.

But instead, what he's doing here is he's made the only viable economic model, which is foreign production, he's just gone and made it more expensive. which is only going to accelerate the death of Hollywood. So yes, maybe production will come back to America if these tariffs go through, but it's not going to make it cheaper. It's going to make it more expensive.

But instead, what he's doing here is he's made the only viable economic model, which is foreign production, he's just gone and made it more expensive. which is only going to accelerate the death of Hollywood. So yes, maybe production will come back to America if these tariffs go through, but it's not going to make it cheaper. It's going to make it more expensive.

But instead, what he's doing here is he's made the only viable economic model, which is foreign production, he's just gone and made it more expensive. which is only going to accelerate the death of Hollywood. So yes, maybe production will come back to America if these tariffs go through, but it's not going to make it cheaper. It's going to make it more expensive.