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A strong earnings report reveals that new CEO Greg Abel dipped into Warren Buffett's $380 billion cash reserve to buy back stock, boost Berkshire's stake in Alphabet, and pursue one of its biggest acquisitions in years. One weak spot: GEICO.
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Trump is about to get 'unchecked authority' to impose tariffs of up to 100% on top trading partners fortune.comUS Senate passes Russia sanctions championed by Graham; US House next ReutersSenate passes sanctions bill on Russia and Iran named for late Sen. Lindsey Graham NBC NewsThe Senate just agreed to hand Trump a tariff weapon against Russia. Will he use it? Atlantic Council
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US offers $1bn to Colombia on new right-wing president's first day of office bbc.comColombia's new president vows to remake the country — and challenge rebel groups npr.orgFrom ‘The Lion' to ‘The Tiger': Conservative Trump allies gain ground in Latin America AP NewsU.S. pledges $1 billion in security assistance to Colombia as new president vows to "defeat narco-terrorism" cbsnews.com
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Berkshire Operating Earnings Rise 16% in Second Quarter. Buybacks Hit $4.5 Billion. barrons.comBerkshire Hathaway, Under a New CEO, Starts to Spend Its Cash Pile WSJGreg Abel finally puts Buffett's cash pile to work Financial TimesBerkshire earnings rose last quarter and CEO Greg Abel is starting to deploy Buffett's massive cash hoard CNBC
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