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Warren Buffett steps down as Berkshire Hathaway chairman, becomes chairman emeritus

Warren Buffett, 96, announced in a shareholder letter that he is immediately stepping down as chairman of Berkshire Hathaway's board, taking on the title of chairman emeritus while remaining a director. His son Howard Buffett, a 33-year board member, will become the new chairman, working alongside CEO Greg Abel, who took over operations earlier this year.

Father's company card racked up $118,000 in YouTube ads from son's gaming channel

A man identified as Dave says his 9-year-old son unknowingly spent $118,000 on YouTube ad campaigns promoting his Minecraft and Roblox gameplay videos over roughly three weeks. The charges went through a company credit card Dave had saved to a Google account shared with his son, after he had shown the boy how to run a small $20 promotion. Some of the promoted videos gained hundreds of thousands of views before finance staff flagged the spending.

Bill Ackman funds experimental mitochondrial transplant for daughter's vision loss

After his daughter Lucy suffered a brain hemorrhage that left her blind, billionaire Bill Ackman used his connections to secure her advanced care at Mount Sinai and pursue an experimental treatment. In May, the FDA granted her medical team first-time emergency authorization to transplant mitochondria from her leg muscle into her eyes in an attempt to repair her optic nerves. Ackman has since pledged over $400 million to establish an institute focused on longevity and brain health research.

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