Take a look at the businesses making headlines in noon buying and selling: Berkshire Hathaway — Warren Buffett’s conglomerate noticed shares drop 5%, retreating from file highs reached on Friday. Monday’s sell-off got here after the 94-year-old Buffett introduced his intention to step down as CEO. The board voted unanimously on Sunday to make Greg Abel president and CEO on Jan. 1, 2026, and for Buffett to stay as chairman. In the meantime, Berkshire’s working earnings fell 14% within the first quarter , pushed by a 48.6% plunge in insurance-underwriting revenue. On Semiconductor — Shares tumbled greater than 8% regardless of the chipmaker’s top- and bottom-line beat within the first quarter. On additionally issued second-quarter steering, estimating adjusted earnings coming in between 48 cents and 58 cents per share, whereas analysts polled by FactSet forecast 51 cents per share. Prime-line steering between $1.4 billion and $1.5 billion additionally largely got here above consensus estimates for $1.41 billion. Skechers USA — Shares of the footwear firm surged greater than 24% after it agreed to be acquired by 3G Capital for $63 per share . Different footwear shares rose in sympathy following the announcement. Crocs gained nearly 5%, whereas Deckers superior greater than 2%. Tyson Meals — Shares of the Jimmy Dean and Hillshire Farm dad or mum slipped 7.8% after income for the second fiscal quarter got here in at $13.07 billion, lacking the consensus forecast of $13.14 billion from analysts polled by FactSet. Nevertheless, Tyson posted earnings of 92 cents per share, excluding objects, beating the Wall Avenue estimate of 83 cents per share. Howard Hughes — The inventory added 2.9% after activist investor Invoice Ackman’s Pershing Sq. agreed to purchase 9 million newly issued shares of the true property developer. The hedge fund is paying $100 per share, which represents a 48% premium to Howard Hughes’ closing worth on Friday. Sunoco — Shares fell practically 6% after the motor gasoline distributor shared its plan to amass Parkland, a Canada-based competitor. The cash-and-stock deal is valued at greater than $9 billion, which incorporates debt. Loews — Shares of the conglomerate pulled again 1.8% after the corporate’s first-quarter report confirmed a drop in earnings. Loews reported $370 million in internet revenue for the interval, or $1.74 per share, down from $457 million and $2.05 per share a yr earlier. The corporate noticed internet revenue declines in its insurance coverage and lodge companies. Streamers — Streaming shares declined after President Donald Trump introduced Sunday in a Fact Social put up a 100% tariff on films produced exterior of the U.S. to avoid wasting the “dying” American film business. Netflix dropped about 2%, as did Amazon , Paramount International and Warner Bros. Discovery . EQT — The pure gasoline inventory popped 3.2% following UBS’ improve to purchase from impartial. UBS referred to as the inventory “nicely positioned” to seize upside tied to the agency’s constructive outlook for pure gasoline subsequent yr. Wendy’s — The fast-food chain completed barely down regardless of JPMorgan’s improve to obese from impartial. JPMorgan mentioned the inventory’s present share worth gives a “value-oriented alternative” for traders. Sotera Well being — Shares jumped greater than 4% after Goldman Sachs upgraded the testing lab firm’s inventory to purchase from impartial. Goldman mentioned the corporate has a “sturdy” enterprise mannequin and will be capable to stand up to an financial downturn. — CNBC’s Sean Conlon, Lisa Kailai Han, Hakyung Kim, Michelle Fox, Jesse Pound and Yun Li contributed reporting.
