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Berkshire Hathaway Profits Soar as New CEO Greg Abel Starts Spending Buffett's Giant Cash Pile

Berkshire Hathaway reported second quarter 2026 operating earnings of 13.0 billion dollars, up from 11.2 billion dollars a year earlier, while net earnings attributable to shareholders jumped to 25.7 billion dollars from 12.4 billion. New CEO Greg Abel became a net buyer of equities, deploying nearly 20 billion dollars into stock purchases as Warren Buffett, now chairman, hands over more control of the company's famous cash hoard.