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The End of an Era: Warren Buffett Steps Down As Berkshire Hathaway Chairman

September 18, 2026·11m

P.M. Edition for Sept. 18. In a letter to investors today, legendary investor Warren Buffett said he would step down as chairman of Berkshire Hathaway. WSJ deputy markets editor Justin Baer discusses why it’s happening now, and the details of Buffett’s long-held succession plan. Plus, Disney has hired the head of artificial-intelligence company Character.AI to be its first chief technology officer. We hear from Journal reporter Ben Fritz about how this fits into CEO Josh D’Amaro’s strategy. And President Trump says he’s banning CNN, MS Now and Politico from the White House over their coverage of his administration. Alex Ossola hosts.