Warren Buffett Steps Down as CEO—and Other Key Takeaways From Berkshire's Annual Meeting

1. Warren Buffett to step down as CEO, replacing with Greg Abel. 2. Abel aims to maintain Berkshire's investment philosophy under Buffett's guidance. 3. Berkshire has a record cash reserve of $347.7 billion amid market uncertainties. 4. Buffett emphasizes a sustainable fiscal approach, critical of government bureaucracy. 5. Tariff policies discussed, with Buffett advocating for trade as a collaborative effort.