Warren Buffet Steps Down as Chairman of Berkshire Hathaway
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What is the overall focus of today’s WSJ midday brief?
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Here's your midday brief for Friday, September 18th. I'm Alex Ocele for The Wall Street Journal.
Why is Warren Buffett stepping down as chairman of Berkshire Hathaway?
Warren Buffett is stepping down as chairman of Berkshire Hathaway, the $1 trillion conglomerate he's led for six decades. Buffett announced the news today in a letter to investors, and it follows his decision to step down as CEO at the end of last year. Effective immediately, his son Howard Buffett will assume the role of chairman. Howard, also known as Howie, has been a Berkshire director since 1999. Warren Buffett said he'll remain on the board and become chairman emeritus.
How did Joby Aviation achieve its first fully autonomous cross‑U.S. flight?
Joby Aviation says an aircraft equipped with its technology has completed its first fully autonomous flight across the U.S. The aviation company said the plane flew almost 3,200 miles without any control inputs from the onboard safety pilot. The flight was supervised remotely.
What caused Netflix shares to drop after the Wells Fargo downgrade?
And Netflix shares are down more than 4% this morning following an analyst downgrade. In a new report, Wells Fargo dropped the streaming service to underweight and cut its price target to $57 a share, down from $80. The analyst said they see a breakout hit as a must for the streamer's stock.
How is AI being used to create and enhance this podcast episode?
Heads up, an artificial intelligence tool helped us make this episode by creating summaries that were based on WSJ reporting and then reviewed and adapted by an editor. And we have a lot more coverage on the WSJ's What's News. Listen and subscribe wherever you get your podcasts.
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Chapters
5 chapters
1
What is the overall focus of today’s WSJ midday brief?
0:01–0:35
2
Why is Warren Buffett stepping down as chairman of Berkshire Hathaway?
0:35–1:02
3
How did Joby Aviation achieve its first fully autonomous cross‑U.S. flight?
1:02–1:19
4
What caused Netflix shares to drop after the Wells Fargo downgrade?
1:19–1:36
5
How is AI being used to create and enhance this podcast episode?
1:36–2:21