Welcome to Markets Desk, your midday read on what's moving and why.
Berkshire Hathaway shares are trading higher after Greg Abel's debut at the annual meeting drew strong marks from the investment community. Abel demonstrated a commanding grip on Berkshire's vast operations, and with earnings jumping sharply, shareholders appear comfortable with the post-Buffett transition underway.
Shifting to the legal front, Meta is back in a Santa Fe courtroom facing a public nuisance case in New Mexico centered on child safety. The stakes are substantial — a ruling against the company could carry billion-dollar consequences and set a significant legal precedent for how social platforms are held liable for harms to minors.
And in crypto, the Trump-backed firm World Liberty Financial has filed a countersuit against billionaire Justin Sun, alleging defamation after Sun accused the project of fraud. The filing claims Sun launched a scorched-earth pressure campaign after pushing the firm to release hundreds of millions in tokens — turning one of the project's biggest early backers into its sharpest critic.
That's the tape. Markets Desk, signing off the floor.
