Tue May 13 08:30:00 UTC 2025: ## Market Movers: Netflix, Berkshire Hathaway Dip While Skechers Soars

**New York, NY –** Wall Street saw a mixed bag today, with several major companies experiencing significant share price fluctuations. Netflix (NFLX) fell 1.9%, ending an 11-day rally, following President Trump’s announcement of tariffs on foreign-produced films. This news negatively impacted investor sentiment towards the streaming giant.

Meanwhile, Berkshire Hathaway (BRK.B) shares plummeted 5.1% after Warren Buffett revealed his intention to step down as CEO at the start of next year. Buffett’s departure marks the end of an era for the investment conglomerate, causing uncertainty amongst investors.

In contrast, Skechers U.S.A. (SKX) experienced a dramatic surge, soaring 24.4% on the news of its acquisition by 3G Capital in a $9.42 billion deal. This represents the largest buyout in the footwear industry’s history.

Finally, BP p.l.c. (BP) saw its shares decline 3.8%, with the energy sector as a whole experiencing losses for the day.

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