Check out the companies that make headlines before the bell. Berkshire Hathaway – The Warren Buffett conglomerate saw its shares fall more than 1% ahead of the market after winning record Friday. The decline came after Berkshire’s operating profit fell 14% in the first quarter, with a 48.6% drop in insurance-based profit. Buffett also surprised shareholders by announcing his intention to step down as CEO by the end of the year at his annual meeting on Saturday. The board voted unanimously on Sunday to keep President and CEO Greg Abel, 94, as chairman on January 1, 2026. Streamer – Streaming companies have fallen after President Donald Trump announced 100% tariffs on films produced outside the US in Sunday’s True Social Post to save the “dying” American film industry. Netflix dropped by 5%, Disney fell by 3%, while Warner Bros Discovery, Paramount and Amazon slipped by 2%, 1% and 1%, respectively. United Airlines – Travel inventory fell 1%, returning a portion of a 7% increase from Friday. United announced Friday that it was cutting some of its flights from Newark, New Jersey, citing staffing and technology issues at the airport. Howard Hughes Holding – The share price rose 8% after real estate developer and activist investor Bill Ackman’s Pershing Square said the fund would buy 9 million newly issued shares at $100 per share. The price represents a 48% premium on the stock’s closing price on Friday. Sunoco – After Sunoco announced plans to acquire Parkland Corp, the stock was engraved at almost 1%. Cash and stock transactions are valued at $9.1 billion. WolfSpeed - Semiconductor inventory has reached 7%, adding to 24% of Friday’s rally. Stocks skyrocketed after WolfSpeed reaffirmed its third-quarter guidance last week and announced that executive vice president and chief financial officer Neill Reynolds would close his position. LOEWS – Luxurious Hospitality Stock rose 0.6% after the company reported first quarter revenue of $1.74. However, Loews recorded revenue of $4.49 billion. This was 6% higher than $4.23 billion a year ago. Skechers USA – The footwear company agreed to be acquired at 3G Capital for $63 per share, raising the share price by around 26% in pre-market trading. With more than $9 billion in transactions, Skechers becomes a private company. Other footwear stocks were trading higher along with On Holdings stock, which added more than 1%. Crocs rose almost 3%, while Deckers rose 1%. – Reported by CNBC’s Michelle Fox, Alex Hurling, Yun Lee and Jesse Pound.
The largest move stocks are: HHH, SUN, NFLX
