Berkshire doubles Q2 profit, begins cash‑spend spree under new CEO
Under new chief Greg Abel, Berkshire Hathaway reported Q2 profit more than double the prior year, driven by a $6.8 billion acquisition and strong industrial and retail results. For the first time in three years the conglomerate was a net buyer of external stocks while also repurchasing its own shares, signalling a shift from cash hoarding to active capital deployment.