Berkshire Hathaway

November starts with positive market momentum driven by AI optimism and potential US-China trade easing. Key events include Supreme Court hearing on Trump’s tariffs and earnings reports from major companies. Berkshire Hathaway’s cash reserves hit a record $381.6 billion. Big Tech’s ad revenue surpasses expectations with continued AI investments. Emergency funds maintain SNAP benefits amid government shutdown. Eli Lilly and Novo Nordisk face competition in the weight loss drug market. The week is packed with economic data and earnings releases.

Berkshire Hathaway Inc. (BRK.A; BRK.B) announced its Q3 and first nine months 2025 operating results. Net earnings attributable to Berkshire shareholders were $30.796 billion for Q3 2025, compared to $26.251 billion for Q3 2024. For the first nine months, the net earnings were $47.769 billion in 2025 and $69.301 billion in 2024. The company advises investors to review the 10-Q filing for a comprehensive understanding and cautioned against relying solely on the press release.

Berkshire Hathaway Inc. (BRK.A; BRK.B) reported its Q2 and first-half 2025 results. Net earnings attributable to Berkshire shareholders were $12.37 billion for Q2 2025, compared to $30.35 billion in Q2 2024. First-half 2025 earnings were $16.97 billion, down from $43.05 billion in 2024. The results include investment gains/losses and, for the second quarter and first half of 2025, an other-than-temporary impairment of investment in Kraft Heinz. Further details are available in the company’s 10-Q filing.

VeriSign announced that Berkshire Hathaway is selling 4.3 million shares of its common stock at $285.00 per share in a secondary offering underwritten by J.P. Morgan Securities. The sale aims to reduce Berkshire Hathaway’s ownership below 10%, avoiding regulatory oversight. Berkshire Hathaway has agreed to a 365-day lock-up period on its remaining shares. Underwriters have an option to purchase an additional 515,032 shares. Proceeds will go to the selling stockholders, not VeriSign.