Musk Criticizes Senate Passage of "Big and Beautiful Act": Will Destroy Millions of American Jobs
According to Jinse Finance, Musk commented on the Senate's passage of Trump's "Big and Beautiful Act" on the X platform: "The Senate's latest bill will destroy millions of jobs in the United States and cause enormous strategic harm to the country. It is extremely reckless and destructive. While it offers handouts to industries of the past, it severely undermines the industries of the future."
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On Wednesday, Berkshire Hathaway’s Class B shares rose by 0.5% to $543.06, surpassing their previous record high set on May 2, 2025. After Warren Buffett announced his resignation as CEO on May 3, Berkshire’s stock price declined for several consecutive months. Following Abel’s succession and the resumption of share buybacks, along with the acquisition of Taylor Morrison’s residential assets and an investment in Alphabet focusing on AI, the new record high in the stock price signals that market confidence has recovered from the uncertainty surrounding Buffett’s departure.
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