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Warren Buffett speaks to the press in Omaha, Nebraska in May 2019. Photo: Johannes Eisele/AFP via Getty Images

Warren Buffett turns 90 in August, and his holding company Berkshire Hathaway could be in for a stock-boosting makeover after he eventually retires, Andrew Bary of Barron's writes (subscription).

Why it matters: Many investors believe that new leadership could allow room for new value as the conglomerate breaks up, Bary writes — "or at least be more amenable to an idea that Buffett opposes."

History lesson: "In his 55 years at the helm as CEO, chairman, and investment chief, Buffett turned a struggling textile maker into a $555 billion conglomerate, using investment skills that became the envy of American business."

  • "An investor who put $1,000 — roughly 50 shares — in Berkshire in 1965 would now have $20 million, against $175,000 for a similar investment in the S&P 500."

What's next: Buffett's "job probably will be split in three, with a CEO, one or two investment chiefs, and a chairman, expected to be his elder son, Howard," per Bary.

Go deeper: Warren Buffett gives up on newspapers

Go deeper

Erica Pandey, author of @Work
1 hour ago - World

Remote work shakes up geopolitics

Illustration: Eniola Odetunde/Axios

The global adoption of remote work may leave the rising powers in the East behind.

The big picture: Despite India's and China's economic might, these countries have far fewer remote jobs than the U.S. or Europe. That's affecting the emerging economies' resilience amid the pandemic.

Trump gives Biden access to presidential intelligence briefings

Photo: Mark Makela/Getty Images

The Trump White House on Tuesday gave President-elect Biden access to daily presidential intelligence briefings, a source familiar with the matter tells Axios.

Why it matters: Trump has refused to share the briefs until now, as he continues to challenge the result of the election and declines to concede. The president's acquiescence comes as another sign that the transition to a Biden administration is taking place.

AOC and Ilhan Omar want to block Biden’s former chief of staff

Reps. Ilhan Omar and Alexandria Ocasio-Cortez. Photo: Brendan Smialowski/Getty Images

Reps. Alexandria Ocasio-Cortez and Ilhan Omar are boosting a petition against Joe Biden nominating his former chief of staff to a new role in his administration, calling Bruce Reed a "deficit hawk” and criticizing his past support for Social Security and Medicare cuts.

Why it matters: Progressives are mounting their pressure campaign after the president-elect did not include any of their favored candidates in his first slate of Cabinet nominees, and they are serious about installing some of their allies, blocking anyone who doesn't pass their smell test — and making noise if they are not heard.