Berkshire Hathaway annual meeting 2026: Live updates

Sat, May 2 20262:40 PM EDT

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Abel doesn't see a single successor to Charlie Munger as his top adviser

Asked who will play the Charlie Munger to his Warren Buffett, new CEO Greg Abel didn't name a single person but talked about the team that surrounds him.

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"You surround yourself with great people, and they're already here," he said.

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Abel mentioned Adam Johnson, who serves as president of Berkshire's consumer products, service, and retailing businesses and leads NetJets. He also mentioned Ajit Jain, vice chairman of insurance operations, and Katie Farmer, the CEO of BNSF Railway. All three of these executive spent some time on stage with Abel on Saturday.

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"Across our CEOs, we're so fortunate to have a great group that I would reach out to any of them on a specific circumstance and ask them for their input," Abel said.

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–Tobias Burns

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Sat, May 2 20262:17 PM EDT

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Abel says he does not see Berkshire breaking up or divesting subsidiaries

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Abel said he does not anticipate Berkshire Hathaway will ever break up or divest of its subsidiaries, in answer to a shareholder question to that point. He emphasized the lack of bureaucracy within Berkshire's structure, as well as the conglomerate's unique ability to move capital across groups.

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"We are a conglomerate but we are an efficient conglomerate," Abel said. "We don't have layers of management."

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"We don't see divesting of subsidiaries for that reason or breaking up the group," he concluded.

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— Sarah Min

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Sat, May 2 20262:14 PM EDT

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Abel on potential for divesting businesses: 'It has to be a relationship that works'

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While Abel said Berkshire aims to keep the companies it purchases, there are some situations where it may need to consider a sale.

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"When we buy something, it's forever. When we acquire a utility, we tell the regulators it's forever," Abel said.

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"But it has to be a relationship that works," he said. "If it's broken, we'll find a better path."

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Abel said there could be hard-to-resolve labor issues or reputational risks that could lead Berkshire to divest a business.

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— Alex Harring

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Sat, May 2 20261:52 PM EDT

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High energy prices weigh on consumer demand, Johnson says

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Adam Johnson, CEO of NetJets and president of consumer products, services and retailing, said higher costs — including periods of $100-a-barrel oil — have started to dent demand in some areas.

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"On the consumer product side, on the real retail side, it has affected some of the demand," Johnson said,

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While acknowledging the pressure, Johnson said the businesses are accustomed to managing through volatility.

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"We're prepared to deal with those things and make adjustments where we need to. But this certainly is affecting, I would say, some of the retail businesses and some of the consumer product businesses," Johnson said.

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— Yun Li

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Sat, May 2 20261:32 PM EDT

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Buffett's message to shareholders and partners: Follow the 'Golden Rule'

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Buffett said that the top rule shareholders and partners should follow is treating others as they wish to be treated — otherwise known as the Golden Rule.

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While the former CEO said he's "not a religious guy," he stressed that there has never been a better message spoken "in a couple thousand years than that."

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"If the whole world lived by the Golden Rule, it would be such a more wonderful society," Buffett told CNBC's Becky Quick. "That's true for everything from parenthood to being a boss."

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"It doesn't cost you anything. In fact, it's reflected in better behavior toward you, so I mean it's a very selfish sort of thing in one sense, but I've never seen anybody that's unhappy that behaves that way," he said.

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— Sean Conlon

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Sat, May 2 20261:26 PM EDT

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Buffett: 'We've never had people in a more gambling mood than now'

Warren Buffett speaks with CNBC during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, NE on May 2, 2026.

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David A. Grogan | CNBC

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During the lunch break, Buffett compared "markets to a church with a casino attached," making a distinction between traditional value investing and current enthusiasm for short-term options trading along with increasing interest in prediction markets.

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"People can move between the church and the casino, and I would say there are more people in the church [than] people in the casino, but the casino has gotten very attractive," he said. "If you're buying one-day options or selling them, that's not investing, it's not speculating – it's gambling."

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Buffett said the enthusiasm for "gambling" is at a peak.

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"We've never had people in a more gambling mood than now," he said.

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Buffett commented on the recent case of a U.S. soldier who allegedly used classified information related to a military operation in Venezuela to make $400,000 on a prediction market. The Department of Justice is currently prosecuting the case.

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"There's nobody who can explain why they're buying an option for one day unless they may have maybe [the chance to make] $400-and-some-thousand from knowing when we were going into Venezuela. … The quantity of those things is just incredible," he said.

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-- Tobias Burns

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Sat, May 2 20261:19 PM EDT

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Greg Abel returns to the stage for the afternoon session of the Berkshire annual meeting

Greg Abel retuned to the stage at the CHI Health Center in Omaha, Nebraska, for the afternoon session of the Berkshire Hathaway annual meeting.

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Abel is joined by Katie Farmer, CEO of the BNSF railroad, and Adam Johnson, CEO of NetJets and president of consumer products, services and retailing.

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—Christina Cheddar Berk

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Sat, May 2 20261:11 PM EDT

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Buffett says Berkshire isn't seeing ideal investing environment

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Buffett acknowledged displeasure with the investing backdrop as Berkshire's cash hoard swells to records.

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"It isn't our ideal surrounding area — or environment, I should say — in terms of deploying cash for Berkshire," the former CEO told CNBC's Becky Quick.

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Buffett said the conglomerate has the "right management" and can "pick our spots." While it appears like Berkshire can appear to be doing "nothing" at some points, it's "quite active" at other times, he said.

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Part of the hesitancy about investing capital was due to high prices in the market, he said.

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When asked when it will be a good time to invest, Buffett said it will come when "nobody else will answer their phones," a hint to a pullback in market prices.

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Buffett's comments came during a special sideline interview with CNBC. The Oracle of Omaha sat in the audience during the official meeting.

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— Alex Harring

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Sat, May 2 202612:28 PM EDT

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Abel discusses succession plans for Jain and himself

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When asked about succession plans for Jain and himself, Abel said that the board approaches issues related to such matters "very seriously."

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"They have a plan in place, and they discuss it," he continued. "So, if Ajit were unable to perform in his role today or I was unable to perform, our board knows what action they would take."

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— Sean Conlon

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Sat, May 2 202612:24 PM EDT

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AI is 'still years away' from tackling complex tasks, Berkshire's Ajit Jain says

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Artificial intelligence could eventually be a "game changer," but the technology's ability to tackle more complex tasks such as stock picking is "still years away," said Ajit Jain, vice chairman of insurance operations at Berkshire Hathaway.

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"If AI becomes reality, as is being projected, then there's no question about it, it'll be a huge game changer," Jain said. But, "right now, what we are seeing is AI being used as a productivity tool, as a mechanism for reducing labor costs and doing routine, repetitive things."

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The executive added that it is unlikely that AI will reach "a point where you can make a trade off on things like pricing, settling a claim" anytime soon.

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"That is still years away," Jain said. "If you're counting on AI to tell you which stock to buy and which one to sell, I don't think that's going to happen."

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— Liz Napolitano

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Sat, May 2 202612:09 PM EDT

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AI and the outlook for Berkshire's businesses dominated morning session

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During the morning session, Abel focused a lot on the outlook for the various business segments. Artificial intelligence also was a key theme.

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That included Abel saying that his team is making moves to build out AI-powered solutions that could improve BNSF Railways. 

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"There's no question … this could be used across our other businesses," Abel said, referring to the emerging technology. "We would build what we needed ourselves and deliver solutions back to our customers, a massive challenge, and it doesn't happen overnight."

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The executive noted that engineers and developers were hired to build those solutions. BNSF's senior technology officer has also helped "drive forward" the business' transformation.  

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The freight transportation firm has come under pressure in recent years amid declining freight volumes. In response to its financial difficulties, BNSF did several rounds of layoffs in 2024 and 2025.

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— Liz Napolitano

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Sat, May 2 202612:09 PM EDT

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Berkshire's morning session has concluded

The morning session of the Berkshire Hathaway annual meeting has concluded. While shareholders at the CHI Health Center take a break, programming on CNBC will continue, including an upcoming interview between CNBC's Becky Quick and Buffett.

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—Christina Cheddar Berk

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Sat, May 2 202612:03 PM EDT

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Ajit Jain on insuring ships through Hormuz: 'Depends on the price'

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Asked about how and when he could offer insurance to ships crossing the embattled Strait of Hormuz, Berkshire's vice chairman of insurance operations Ajit Jain gave a pithy response.

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"The short answer is – depends on the price," he said, getting laughter and applause from the audience.

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Berkshire is participating in a "program" to insure ships moving through Hormuz, which has been closed or severely restricted during much of the U.S.-Israel war with Iran, but hasn't written any deals for it yet, Jain said.

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"We ourselves have taken a small participation in a program that's [been] put in place so as to write insurance for the ships in the Strait of Hormuz. We haven't written any deals as yet," he said.

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U.S. Navy escorts for transiting ships will be a condition of the underwriting process for the program, Jain said.

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"It's still being fine tuned," he said. "But if we can get our terms – in terms of the underwriting decisions and the fact that the U.S. Navy will escort these ships – we have put a price on which we will be comfortable underwriting that risk. But nothing's happened as yet."

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--Tobias Burns

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Sat, May 2 202611:46 AM EDT

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How Abel views Berkshire's sprawling equity portfolio

Attendees arrive for the Berkshire Hathaway annual shareholders meeting in Omaha, Nebraska, US, on Saturday, May 2, 2026.

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Dan Brouillette | Bloomberg | Getty Images

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Abel offered fresh insight into how he views the company's sprawling equity portfolio, emphasizing a concentrated approach anchored by a handful of core holdings.

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He described what he called the "core four" positions — Apple, American Express, Moody's and Coca-Cola — as the foundation of Berkshire's equity investments.

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He also pointed to the conglomerate's sizable stakes in Japanese trading houses as another key pillar of the portfolio, emphasizing a long-term commitment to these companies.

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Beyond those anchors, Abel highlighted several other significant holdings, including Bank of America, Chevron and Alphabet. Berkshire bought about $4 billion of Alphabet stock in the third quarter of 2025.

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Abel is taking a more active role in overseeing the firm's investments, saying he will actively manage it by adding to or rightsizing them at times. He added that he is "absolutely collaborating" with Buffett on the investments.

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— Yun Li

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Sat, May 2 202611:39 AM EDT

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Abel reiterates core Berkshire principles

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Abel affirmed core investment and operational principles long touted by his predecessor Buffett.

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Cash held in U.S. Treasurys, financial independence, flexibility in capital allocation, tax efficiency, and an aversion to the "ABCs" of arrogance, bureaucracy and complacency remain top priorities for Berkshire, Abel told investors.

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"We've heard many times: the ABCs – the arrogance, bureaucracy, complacency that can creep into a company – will kill a company, and we intend to never allow that to happen," Abel said.

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Abel described Berkshire as "unique" in its ability to combine many different types of business while also being able to deploy capital quickly and flexibly.

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"Berkshire is a conglomerate, and we recognize that. But we are a unique conglomerate in that we can move our capital very efficiently," he said. "We can move it from insurance to non-insurance, into equities, or if we so choose, to hold it in cash."

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-- Tobias Burns

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Sat, May 2 202611:35 AM EDT

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Abel says Buffett deepfake highlights cyber risks

Greg Abel, CEO of Berkshire Hathaway, speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, NE on May 2, 2026.

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CNBC

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Abel said the deepfake of Buffett underscores the artificial intelligence-driven cybersecurity risk that Berkshire is facing.

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"It's a great reminder for our team," Abel said. "That is a significant risk across Berkshire that we're managing every day."

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Abel said Berkshire aims to use technology to identify cyber threats, specifically within its insurance business.

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The Buffett deepfake was made with no input from the actual Oracle of Omaha, Abel noted.

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— Alex Harring

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Sat, May 2 202611:27 AM EDT

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'We do not intend to be beholden to anyone,' Abel says

Greg Abel, CEO of Berkshire Hathaway, speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, NE on May 2, 2026.

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CNBC

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Abel started the Q&A session with a response to question from a deepfake Warren Buffett, who asked why investors should hold onto their Berkshire stock.

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In his answer, Abel highlighted the strength of the firm's cash hoard of $397 billion, which gives the firm freedom of movement.

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"We have our cash and U.S. Treasurys. It serves a couple purposes," Abel told "Warren from Omaha." "We do not intend to be beholden to anyone."

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— Sarah Min

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Sat, May 2 202611:21 AM EDT

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Unexpected AI lesson from Deepfake Buffett video

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Shareholders got an unexpected lesson in artificial intelligence risks during the annual meeting, when Abel opened the Q&A session with a seemingly familiar face.

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A video played on the arena screens showed Buffett, dressed in a suit, introducing himself and posing a question to Abel about why investors should continue holding Berkshire shares for the long term.

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"Hi, my name is Warren and I'm from Omaha," the video began. "Greg, I've been watching this company for a while, long time, a very long time ... my question is a simple one. I'm 95 years old. I've got nothing but time and cherry Coke. And I want to know, just so I have something to tell my fellow shareholders. Why should they hold their Berkshire shares for the long term?"

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Abel later revealed the clip was not real, but generated using AI to make a so-called deepfake. He used the moment to highlight cyber risks.

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— Yun Li

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Sat, May 2 202611:16 AM EDT

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Clayton impacted by high interest rates

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Manufactured homebuilder Clayton Homes took a hit as potential buyers grappled with pressures such as high mortgage rates, Abel said.

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"That's obviously driven by where interest rates are," he said. There are also "certain other challenges for the consumer."

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Abel said the company has a goal of delivering an "affordable home to the American consumer," drawing attendee applause.

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— Alex Harring

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Sat, May 2 202611:04 AM EDT

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Hyperscalers have to 'bear the full cost' of energy they use, Abel says

Greg Abel, CEO of Berkshire Hathaway, speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, NE on May 2, 2026.

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CNBC

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Berkshire's CEO Greg Abel said it is important to sequester the energy use costs of data centers away from grid consumers and make sure they're being billed to the businesses demanding the electricity.

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"The hyperscalers, the data centers, and the users of energy – they have to bear the full cost," he said.

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The pressures that data centers are putting on regional electrical grids has been a point of focus for many environmental and consumer advocacy groups during the AI boom.

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"As data centers expand nationwide, utilities are receiving hundreds of gigawatts in interconnection requests, necessitating significant infrastructure investments," the Environmental and Energy Study Institute, a policy group, concluded in a February analysis. "Electricity bills are spiking for many households, contributing to an affordability crisis."

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—Tobias Burns

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Sat, May 2 202610:58 AM EDT

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Abel sees big growth for utilities on data center buildouts

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Data center buildouts and the demand they're placing on energy grids are spelling big growth opportunities for utilities, Berkshire CEO Greg Abel said.

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Energy demands are far short of peak load capacities, Abel said, referring to hyperscaler buildouts in Iowa.

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"If I look at our peak load, i.e., the amount of energy being used from those data centers, it's at 8% … [People in the industry] want to get to 5% to 10%, and we're already at 8% [so] we see opportunities to grow that by 50% over the next five years or potentially more," he said.

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—Tobias Burns

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Sat, May 2 202610:38 AM EDT

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'We're not going to do AI for the sake of AI,' Abel says

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Abel said Berkshire has taken a reserved stance on using and managing artificial intelligence, a stark contrast from other chief executives racing to reorient or rebrand their businesses around the technology.

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"It has to be additive to our businesses," Abel said. "We're not going to do AI for the sake of AI."

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Abel said Berkshire will deploy AI in a form that is narrow in scope and focused on creating value propositions. He said there's risks for "humanity" tied to the technology that the conglomerate is keeping in mind.

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Companies including Snap and Atlassian cited AI when announcing job cuts this year. Allbirds last month announced a pivot to the technology from sustainable shoe production last month, prompting a surge in its stock.

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— Alex Harring

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Sat, May 2 202610:19 AM EDT

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Buffett praises Apple CEO Tim Cook during opening remarks

Tim Cook, CEO of Apple, attends the Berkshire Hathaway Annual Shareholders Meeting in Omaha, NE on May 2, 2026.

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CNBC

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Warren Buffett told exiting Apple CEO Tim Cook to take a bow during his initial address to the conference, remarks that resonated with Berkshire's own change of leadership from Buffett to new CEO Greg Abel.

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Buffett talked about the pressure of taking the reins from Apple founder Steve Jobs and how Cook delivered in spite of it.

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"How would you like to step into the shoes of Steve [Jobs] and come through his record? It's one of the miracles of American business management. … Thank you, Tim," Buffett said through applause.

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Cook announced this month that he will be stepping down as CEO, with Apple hardware chief, John Ternus, as his successor.

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"When Steve died and when we made our investment and turned over 10% of the resources of Berkshire, we were turning it over to Tim, and he has turned that into $185 billion or something pretax."

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--Tobias Burns

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Sat, May 2 20269:53 AM EDT

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Buffett praises Abel, calls CEO choice '100% successful'

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Warren Buffett spoke from his seat, taking the microphone to once again praise Greg Abel. He noted that the day marks the anniversary of when he announced Abel would become CEO.

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"We couldn't have made a better decision. that's been 100% successful. [He's doing] everything I did and then some. He's the right person," Buffett said.

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— Yun Li

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Sat, May 2 20269:49 AM EDT

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Warren Buffett's jersey raised to rafters

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Berkshire Hathaway CEO Greg Abel kicked off the annual meeting by raising Warren Buffett's jersey to the rafters at the CHI Health Center, emblazoned with the number "60," as a permanent commemoration of the Oracle of Omaha's many years at the conglomerate. Retiring a jersey is a tradition considered the highest honor among sports athletes.

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The jersey was hung in the rafters alongside Charlie Munger's jersey, with the number "45" for the late investor's tenure at the company.

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"I'm happy to report the jerseys will be in the rafters for the years to come," Abel said.

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— Sarah Min

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Sat, May 2 20269:43 AM EDT

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Opening video pays tribute to Buffett

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Berkshire's annual meeting kicked off with an homage to Buffett.

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A video montage highlighted pictures and videos of the Oracle of Omaha over the years. The video, which was set to the Huey Lewis & The News song "Back in Time," also featured clips from past meetings.

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— Alex Harring

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Sat, May 2 20269:41 AM EDT

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Actor Bill Murray in attendance

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Actor Bill Murray was in attendance at the Berkshire Hathaway annual meeting. He started coming to the meetings over the last several years after first meeting Warren Buffett.

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"The first time I came was after I met Warren and I got a kick out of it," actor Murray told CNBC's Becky Quick. "He really makes me laugh. Big body laughs."

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Bill Murray speaks to CNBC during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, NE on May 2, 2026.

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David A. Grogan | CNBC

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Murray said he hadn't even known he could have joined the annual meeting earlier, given that he has owned Berkshire stock for a long time thanks to late billionaire investor Sandy Gottesman.

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"I didn't even know I was in the club," Murray said. "I could've been here in the club all this time."

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— Sarah Min

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Sat, May 2 20269:38 AM EDT

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Warren Buffet takes his seat in the front row

Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, NE on May 2, 2026.

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CNBC

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Warren Buffett, 95, was escorted to his seat in the front row of the directors' section, drawing a loud round of applause from shareholders in attendance.

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It marks the first time in six decades that Buffett is not front and center at Berkshire's annual meeting.

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— Yun Li

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Sat, May 2 20269:32 AM EDT

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Tim Cook in attendance at the annual meeting

Tim Cook, CEO of Apple, smiles during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, NE on May 2, 2026.

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CNBC

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Apple CEO Tim Cook was spotted on the floor inside the CHI Health Center Omaha.

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Apple remains one of Berkshire's largest holdings, even after the conglomerate pared back its stake following a massive rally in recent years.

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The iPhone maker also announced last month that John Ternus will succeed Cook as CEO, with Cook set to become executive chairman on Sept. 1.

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— Yun Li

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Sat, May 2 20269:09 AM EDT

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Buybacks and equity portfolio likely to draw questions

Attendees wait outside the CHI Health Center during a shareholders shopping day ahead of the Berkshire Hathaway annual shareholders meeting in Omaha, Nebraska, US, on Friday, May 1, 2026.

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Dan Brouillette | Bloomberg | Getty Images

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Many long-time observers expect fewer philosophical questions that, in the past, typically dominated sessions led by the 95-year-old Buffett. Instead, more granular inquiries into operating businesses and strategy are likely.

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Investors will also likely zero in on share repurchases after Berkshire resumed buybacks in March for the first time since 2024. However, the stock didn't get much of a lift since then. Investors may press Abel on whether the pace of repurchases will accelerate in coming months.

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Another area to draw scrutiny is Berkshire's sprawling equity portfolio, and how it's being managed in the post-Buffett era. Abel is already moving to put his stamp on the roughly $300 billion basket, reportedly unwinding positions tied to former investment manager Todd Combs after his departure for JPMorgan at the end of 2025.

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— Yun Li

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Sat, May 2 20269:00 AM EDT

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American Express, Apple among equity portfolio leaders

Silas Stein | Picture Alliance | Getty Images

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Berkshire said its investment portfolio remained concentrated in a small number of well-known stocks in the first quarter.

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Here's the conglomerate's top five investments as of the end of March, listed alphabetically:

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Berkshire's biggest stock holdings

Position Stock
1American Express
2Apple
3Bank of America
4Coca-Cola
5Chevron
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Berkshire said these five holdings accounted for 61% of its equity security portfolio's aggregate fair value at the end of March.

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— Alex Harring

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Sat, May 2 20268:42 AM EDT

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Berkshire's operating earnings jump as cash hoard hits record near $400 billion

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Berkshire Hathaway posted a solid jump in first-quarter operating earnings, driven largely by a rebound in its insurance business, while amassing a record amount of cash for new CEO Greg Abel's coffers.

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Operating profit from its wholly owned units — including insurance and railroads — rose 18% from a year earlier, according to the company's first earnings report since Abel succeeded Warren Buffett as CEO at the start of 2026. Insurance underwriting led the gains, climbing 28.5% to about $1.7 billion.

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Berkshire's cash pile swelled to a record $397.4 billion, topping its prior high of $381.6 billion set in the third quarter of last year. That buildup came as the conglomerate was a seller of stocks, with roughly $24.1 billion in equity sales during the quarter. It purchased about $16 billion.

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Shares of Berkshire have fallen about 6% year to date, lagging the S&P 500′s 5.6% gain. Berkshire has trailed the index by more than 30 percentage points since Buffett signaled plans to step down last May.

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The underperformance came even after Berkshire resumed buybacks in March for the first time since 2024. Berkshire repurchased $235 million of stock in the first quarter, according to the earnings report. The company had already disclosed that it purchased $226 million in stock on March 4, so this means it only did a slight amount more of buying as the quarter came to a close.

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Some of the stock-selling activity may reflect a broader reshuffling of the portfolio following the departure of longtime investment manager Todd Combs, who left for JPMorgan Chase at the end of 2025, though the company hasn't disclosed exactly which positions were affected.

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At the end of March, Berkshire's top five holdings were American Express, Apple, Bank of America , The Coca-Cola Company and Chevron.

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Abel revealed he used his entire after-tax salary of $15 million to personally buy Berkshire shares, and plans to keep doing so every year for as long as he's CEO.

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— Yun Li

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Sat, May 2 20268:29 AM EDT

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Berkshire investors weigh future under new CEO Greg Abel

Greg Abel, CEO of Berkshire Hathaway, meets with shareholders at the Berkshire Hathaway Annual Shareholders Meeting in Omaha, NE on May 1, 2026.

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Sarah Min | CNBC

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Ahead of the Berkshire Hathaway annual meeting Saturday, the mood in the air was cautiously optimistic as new and returning investors weighed the company's direction under a new chief executive.

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"I spent a lot of time studying Greg," said Robert Hagstrom, chief investment officer at EquityCompass Investment Management. "I think he's not only the right guy — and he's been vetted for so many years by so many people — but he's the right guy at the right time."

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— Sarah Min, Yun Li

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Sat, May 2 20268:19 AM EDT

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Thinner lines than normal forming this year

Lines are seen at the Berkshire Hathaway Annual Shareholders Meeting in Omaha, NE on May 2, 2026.

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Yun Li | CNBC

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There's noticeably smaller lines forming outside CHI Health Center Saturday morning compared with prior years. That could signal less interest for in-person attendance among shareholders with Warren Buffett no longer leading the meeting.

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Similarly, there were smaller crowds and shorter lines at the annual "Berkshire Bazaar of Bargains," a shopping event connected to the gathering.

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— Alex Harring, Yun Li

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Sat, May 2 20268:06 AM EDT

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Berkshire stock underperforms into meeting

Berkshire Hathaway investors are heading into this year's annual meeting with less-than-stellar returns.

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Shares of Berkshire's class A stock have dropped nearly 6% in 2026, putting the conglomerate on pace to notch its first losing year since 2015. By comparison, the S&P 500 has climbed more than 5% year to date.

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What's more, Berkshire shares have tumbled more than 10% over the last 12 months. The S&P 500 has surged more than 28% in the same period.

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Berkshire Hathaway vs. the S&P 500, 1-year

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Sat, May 2 20268:04 AM EDT

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Berkshire’s shopping extravaganza sees lighter crowds

Squishmallow display at the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, May 1, 2026.

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Sarah Min | CNBC

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Inside the sprawling exhibit hall at CHI Health Center Omaha, the annual "Berkshire Bazaar of Bargains" on Friday remained packed with its usual crowd-pleasing deals — just with a little more elbow room this year.

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The roughly 20,000-square-foot shopping showcase featured familiar staples, including Buffett-themed merchandise from Brooks Sports and chocolate coins from See's Candies, alongside products from dozens of subsidiaries. Still, compared with prior years, lines moved faster and the crowds were visibly lighter.

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Abel made the rounds across the floor, stopping at each booth to greet employees and shake hands with shareholders.

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Greg Abel, CEO of Berkshire Hathaway, meets with shareholders at the Berkshire Hathaway Annual Shareholders Meeting in Omaha, NE on May 1, 2026.

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David A. Grogan | CNBC

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Sat, May 2 20268:01 AM EDT

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Here’s the schedule for CNBC’s live coverage of the Berkshire Hathaway annual meeting

The Berkshire Hathaway Annual Shareholders Meeting kicks off in Omaha, NE on May 1, 2026.

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Yun Li | CNBC

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CNBC will be livestreaming Berkshire Hathaway's annual shareholder meeting on Saturday, beginning at 9:15 a.m. ET. It's a new era for the company as Greg Abel takes center stage for the first time as CEO.

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Although Abel will be driving the meeting, Berkshire shareholders are likely to still poise a wide variety of questions to the company's leadership.

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Here is a rundown of the day's events:

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9:15 a.m. - 9:30 a.m.: Pre-show anchored by Becky Quick and Mike Santoli

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9:30 a.m. - 10:30 a.m.: Berkshire Hathaway business update

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10:30 a.m.-11:45 a.m.: Morning question and answer session

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11:45 a.m. - 12:45 p.m. - Halftime show anchored by Becky Quick and Mike Santoli

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12:45 p.m. - 2:00 p.m.: Afternoon Q&A session

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2:00 p.m. - 2:15 p.m.: Post-show anchored by Becky Quick and Mike Santoli

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Note: Schedule reflects Eastern Time

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—Christina Cheddar Berk

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