Warren Buffett plans to step down as Berkshire Hathaway CEO by the end of 2025. The conglomerate reported a $5 billion write-down of Kraft Heinz shares in the second quarter. Q2 operating earnings fell nearly 4% to $11.16 billion. Berkshire cites trade policy tensions as a potential risk to future results. Buffett recommended Greg Abel as his successor. Berkshire Hathaway’s stock has risen 4% this year.

Read more at Yahoo Finance: Warren Buffett’s Berkshire Hathaway Records $5 Billion Write-Down of Kraft Heinz Stock