By Caitlin McCabe
Berkshire Hathaway $(BRK.B)$, $(BRK.A)$: The conglomerate's stock fell more than 2% premarket after Warren Buffett said he plans to step down as chief executive at year-end. He will be succeeded by Greg Abel.
Warner Bros. Discovery (WBD), Netflix $(NFLX)$, Walt Disney $(DIS)$, Paramount $(PARA)$: President Trump's plans for 100% tariffs on foreign-made films weighed on shares in major studios and entertainment companies. Warner Bros. Discovery and Netflix were among the hardest hit, each losing nearly 3%.
MicroStrategy $(MSTR)$: Shares of the bitcoin-buying software company fell more than 2% as the cryptocurrency's price dropped below $95,000.
Tyson Foods $(TSN.AU)$ is due to issue earnings before markets open. Ford Motor $(F)$ and Palantir Technologies $(PLTR)$ will report after the close.
This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).
(END) Dow Jones Newswires
May 05, 2025 05:15 ET (09:15 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.