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

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The sudden uncertainty surrounding the future of the Affordable Care Act could be an enormous political liability for Republicans in key states come November.

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Coronavirus cases rise in 22 states

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Data: The COVID Tracking Project, state health departments; Map: Andrew Witherspoon, Sara Wise/Axios

The coronavirus is surging once again across the U.S., with cases rising in 22 states over the past week.

The big picture: There isn't one big event or sudden occurrence that explains this increase. We simply have never done a very good job containing the virus, despite losing 200,000 lives in just the past six months, and this is what that persistent failure looks like.

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Coronavirus dashboard

Illustration: Sarah Grillo/Axios

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  2. U.S.: Total confirmed cases as of 3:30 a.m ET: 6,934,205 — Total deaths: 201,909 — Total recoveries: 2,670,256 — Total tests: 97,459,742Map.
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  4. Politics: Missouri Gov. Mike Parson tests positive for coronavirus — Poll says 51% of Republicans trust Trump on coronavirus more than the CDC.
  5. Technology: The tech solutions of 2020 may be sapping our resolve to beat the coronavirus
  6. Vaccines: Johnson & Johnson begins large phase 3 trial — The FDA plans to toughen standards.
  7. World: Justin Trudeau says Canada's second wave has begun
  8. Future: America's halfway coronavirus response

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