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Company News for May 6, 2025

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  • Shares of Netflix, Inc. (NFLX - Free Report) slid 1.9% on President Trump’s tariff announcement on foreign-produced movies, ending an 11-day winning streak.
     
  • Shares of Berkshire Hathaway Inc. (BRK.B - Free Report) slumped 5.1% on Warren Buffett announcing that he will step down from the post of CEO at the beginning of the next year.
     
  • Shares of Skechers U.S.A., Inc. (SKX - Free Report) soared 24.4% on reports that it has agreed to be taken private by 3G Capital in a $9.42 billion deal in the footwear industry's biggest buyout to date.
     
  • Shares of BP p.l.c. (BP - Free Report) fell 3.8% on energy emerging as the biggest loser in the session.
     

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