In today’s CEO Daily: Shawn Tully on what Greg Abel will do now he has officially taken over from Warren Buffett at Berkshire Hathaway. The big story: U.S. and China agree to slash trade tariffs. The markets: Everything is up!

Warren Buffett will step down as Berkshire Hathaway CEO at the end of 2025, paving the way for longtime successor, vice chairman Greg Abel, to take the reins.

When Warren Buffett announced at his annual shareholder meeting that he is stepping down as CEO of Berkshire Hathaway at the end of the year, he elevated a 62-year-old Canadian executive named Greg Abel who has long been one of his top lieutenants.