Unbiased AI-powered news
Warren Buffett directed his 2026 Berkshire Hathaway donations to four family-linked foundations rather than the Gates Foundation. He described Bill Gates' association with Jeffrey Epstein as distasteful but said it did not exceed what he could imagine himself doing after reviewing details since January.
Financial TimesWarren Buffett directed all of his 2026 annual Berkshire donations to four family-linked foundations instead of the Gates Foundation. He called Bill Gates' association with Jeffrey Epstein "distasteful" and said Gates "made mistakes" regarding the relationship. " He has been friends with Gates for more than three decades and spent three hours with him in Omaha three weeks before the interview.
Gates proposed another meeting after that discussion. Since 2006 Buffett has donated more than $47 billion worth of Berkshire stock to the Gates Foundation. This year he is giving the Susan Thompson Buffett Foundation 9 million Class B shares valued at around $4.5 billion.
Each of the three foundations run by his children—the Sherwood Foundation, the Howard G. Buffett Foundation, and the NoVo Foundation—will receive 1 million Class B shares worth just under $500 million. Buffett said his goal is to dispose of all his Berkshire shares within about eight years.
He recently underwent surgery after breaking his leg several weeks ago and is recovering well.
americanbanker.comThe bank posted earnings per share of $3.46 and revenue above analyst forecasts. Equities trading and wealth management drove the results.
sana.syThe United States backs efforts by Iraq and Syria to rebuild the Kirkuk-Baniyas oil pipeline. The project would carry crude from northern Iraq to Syria’s Mediterranean coast and avoid the Strait of Hormuz. U.S. companies are expected to participate in the work.
paymentssource.comZeroHedge reported that Stripe and Advent International submitted a bid exceeding $53 billion for PayPal earlier this month. The $60.50 per share offer carries a 28 percent premium and is backed by $50 billion in bank financing. PayPal shares rose 20 percent in premarket trading…