Tens of thousands of investors are gathering in Omaha for Berkshire Hathaway’s annual shareholder meeting. This year’s event will be the first without Charlie Munger, who passed away in November. Shareholders will be interested in hearing from Greg Abel, Buffett’s appointed successor as CEO, and Ajit Jain, the mastermind behind Berkshire’s reinsurance operations. Questions may also be raised about Berkshire’s signature investments and the performance of Todd Combs and Ted Weschler, who manage portions of the investment portfolio. In other news, the Justice Department is reportedly investigating TD Bank for money laundering, President Biden commented on campus protests, arguments in the Google antitrust case concluded, and Apple reported a decline in sales but expressed confidence in its future strategy. Sony Pictures Entertainment and Apollo Global Management have expressed interest in buying Paramount for about $26 billion.
