Bill Ackman & Updates from Omaha 5/5/25

In a surprise announcement at the 2025 Berkshire Hathaway Shareholder Meeting, Warren Buffett announced that Greg Abel will become CEO at year-end. Becky Quick is in Omaha recapping the highlights of that meeting and the shareholder reception to that moment. Meanwhile, Bill Ackman’s Pershing Square will invest $900 million in Howard Hughes, in a move that’s part of what Ackman considers his long-held ambition of building a company like Berkshire Hathaway. Check out the rest of CNBC’s Berkshire Hathaway Annual Meeting coverage here. Bill Ackman - 23:04 In this episode: Bill Ackman, @BillAckman Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY