伯克希尔Q3净利降5.8%斥资96亿回购，OpenAI完成110亿美元融资

News when you want it with Bloomberg News now. I'm Monica Rix. Berkshire Hathaway's operating earnings fell to $12.7 billion in the third quarter, a 5.8% decline from a year earlier. But the company says it continued to buy back its own shares, spending about 9.6 billion in the period. The most so far this year. Matthew Palazola is senior insurance equity analyst for Bloomberg Intelligence. We knew because of the disclose share accounts that they had probably bought back at least 4 billion and change in the quarter.

So we knew that was going to happen. We looked at the valuation of the stock through the quarter and said, well, it was actually got, cheaper through the quarter. So it would make sense that they would have bought back even more. So last quarter, I was a little disappointed this quarter. I think this is a nice, vote of confidence, though. You've seen the stock rally hard post quarter. So I would expect maybe this tells off a little bit in the fourth quarter.

Berkshire's cash pile also rose from the previous quarter, totaling $377.4 billion at the end of September. Wall Street's response to the US midterms turned negative, triggering a chain reaction of selling that added new uncertainty to AI and the massive build out of data centers across the country. Dan Ives is partner and senior managing director for Yorkville Ives. I think we saw to happen is the next day the political, you know, sort of talk in D.C. on social media was extremely anti data center.

And I think is that sort of bubbled up. You saw that have a major impact on these stocks. Because the look our view right now cap backs for big tech. That was going to peak probably 2029 peaks next year. Yorkville Dan Ives on Bloomberg this weekend, the tech heavy Nasdaq 100 suffered its worst drop since March of 2020. This week, which wiped out trillions of dollars in market value. President Trump is shaking things up at the white House and says he's planning a few more firings after replacing longtime chief of staff Susie Wiles yesterday with Stephen Miller.

But the president tells CBS's 60 minutes Defense Secretary Pete Hegseth is not on the chopping block because for now, he has confidence in him. We've won two wars. We've won Venezuela and taken out billions and billions and billions of dollars already, and we will be taking out many billions of dollars and get along very well. And you could call it a territory. You could call it whatever you want. We won that war in less than one hour, and you credit nobody was killed.

You credit Pete Hegseth for that, but he was a part of it. Trump also talked about Republican midterm losses and despite widespread affordability concerns, tell CBS that going to war with Iran was still the right decision. Meantime, the US military carried out new targeted strikes on Iran's air defense system, which Trump described as minor. This comes as Axios reports vice president J.D. Vance has been engaged in talks with Iran for the past two weeks on a new cease fire and nuclear plan.

Now, more than two dozen House races and two Senate contests in Alaska and Mississippi remain unresolved from the midterms. But executives just scored a win in California, where Bloomberg's Ed Kalegi tells US voters rejected a first of its kind tax on billionaires. HQ made the projection on X, marking the end to one of the most expensive and divisive political battles in state history. Proposition 40 would have imposed a one time 5% tax on the wealth of billionaires who were California residents at the start of 2026, with most of the proceeds earmarked to shore up health care, according to a tally compiled by the Associated Press.

With about 71% of votes counted, just 46% of voters backed the measure, while 54% opposed it. Its defeat deals a major setback for efforts to tax extreme wealth across the nation. Ed Kalegi, Bloomberg Radio. Lawyers for the Justice Department and Federal Reserve Governor Lisa Cook have asked a federal judge to keep the legal battle over Trump's bid to fire her on hold pending a white House hearing. Investigators are looking into whether Trump had cause to remove cook based on unproven mortgage fraud allegations.

Sources tell Bloomberg open eye has closed on new funding of about $11 billion. Bloomberg's Charli Pellett says it's the first of a round that values the company at $1.25 trillion. Those sources say the remainder of the round, which could increase to as much as 20 billion in total, is expected to be completed in coming weeks. The AI developer has been in talks for more than a month to raise a large funding round. After delaying its plans for an IPO.

OpenAI initially set out to raise 30 billion or more at a $1.4 trillion valuation before scaling back its plans amid a public market rout for the AI sector. In New York, Charlie Pellett, Bloomberg Radio. Microsoft is winding down an arrangement to rent AI computing from Oracle as part of a larger reassessment of cloud partnerships. Leaders are reportedly frustrated with neo cloud providers over high costs and delays.

And that's news when you want it with Bloomberg News now. I'm Monica Rix and this is Bloomberg.