Warren Buffett's Berkshire Hathaway said first-half revenues fell 39% at Squishmallows' parent company and 12% at Fruit of the Loom as tariffs loomed.

Buffett, who oversees the company’s share repurchase programme, stopped buying back Berkshire shares in May 2024. He repurchases stock when he “believes that the repurchase price is below Berkshire’s intrinsic value”, according to company filings.