Table of Contents

• Skechers

• Trump Movie Tariff

• Warren Buffett

Top Stories Today

Skechers

Skechers announced Monday it will be acquired by private equity firm 3G Capital for $63 per share, ending its time as a public company after nearly 30 years. The deal represents a 30% premium over Skechers’ prior valuation and comes amid industry-wide challenges, including economic uncertainty and high U.S. tariffs on imports from China. Despite recent market headwinds and the withdrawal of its 2025 outlook, Skechers sees the acquisition as an opportunity to pursue long-term growth with 3G’s backing. CEO Robert Greenberg will remain in his role to lead the company through its next phase.

Trump Movie Tariff

President Donald Trump announced a 100% tariff on foreign-made films, citing national security concerns and the decline of the U.S. movie industry due to global production incentives. The measure, unveiled via Truth Social, directs government agencies to begin imposing the new duties immediately. Hollywood executives are still uncertain how the tariffs will apply, whether to streaming or theatrical releases, and how they’ll be calculated. Major studios like Disney and Netflix often shoot overseas to capitalize on tax breaks, which Trump’s administration argues is hurting domestic jobs. International partners such as Australia, New Zealand, and the UK criticized the move, warning of job losses and economic harm to their film sectors. Critics, including U.S. industry figures, say the policy could reduce global production volume rather than bring filming back to the U.S., especially as California’s appeal as a filming destination declines. Experts caution that retaliation from trade partners could severely harm the American entertainment business.

Warren Buffett

Warren Buffett announced at Berkshire Hathaway’s 2025 shareholder meeting that he plans to step down as CEO by the end of the year, recommending Greg Abel as his successor. Although Abel was named heir apparent in 2021, the timing of the leadership change surprised many of the 40,000 attendees. Buffett, now 94, said he will remain involved in an advisory capacity but emphasized that operational decisions will shift to Abel, who currently oversees non-insurance operations. Abel, a Canadian executive with a long tenure at Berkshire, pledged to uphold Buffett’s disciplined capital allocation strategy. The official handover will be discussed in a board meeting the day after the announcement, with some questions remaining about Buffett’s future role as chairman.

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