Berkshire Reports Q4 Operating Earnings of $10.2 Billion

Catch up on the weekend's top five stories with this list compiled by The Fly: 1) The U.S. and Israel said they launched an attack on Iran, which retaliated with strikes on Israel and targeted U.S. bases. President Trump, in a video posted on social media, confirmed "major combat operations" against the regime, and urged Iranians to "take over your government" as the strikes continued. Trump said the U.S. was "undertaking a massive and ongoing operation to prevent this very wicked, radical dictatorship from threatening America and our core national security interests." The U.S. and Israel plan to carry out several days of intensive attacks, people familiar with the matter told the Wall Street Journal. Iran's Islamic Revolutionary Guard Corps said they had launched missile and drone attacks toward Israel. 2) Berkshire (BRK.A) reports Q4 operating earnings $10.2B vs. $14.53B last year. Berkshire CEO Gregory Abel said in the company's annual letter, "Berkshire delivered operating earnings of $44.5 billion in 2025, below $47.4 billion in 2024 and above the $37.5 billion we have averaged over the past five years, a result that underscored the durability of our operating businesses, while also reflecting the fact that we have opportunities for further improvement" 3) Australia's internet regulator may push for search engines and app stores to block AI services that fail to verify users ages, Reuters reports. App store and search engine operators in the space include Apple (AAPL), Google (GOOGL), and Samsung (SSNLF). 4) Netflix (NFLX) Co-Chief Executive Officer Ted Sarandos told Bloomberg the company's decision to drop out of the bidding from Warner Bros. Discovery (WBD) had been made earlier than announced and was based on various bidding scenarios the company worked out in advance, Lucas Shaw of Bloomberg reports. "We knew right away, when we got the notice on Thursday that they had a superior offer and the details of that deal," Sarandos said, speaking of rival bidder Paramount Skydance (PSKY). "We knew exactly what we were going to do." 5) DBV Technologies (DBVT) announced that the company shared additional positive data from the successful Phase 3 Vitesse clinical trial as an oral presentation at the American Academy of Allergy, Asthma, and Immunology, AAAAI, 2026 Annual Meeting, in Philadelphia, PA. The Vitesse study met its primary endpoint whereby Viaskin Peanut demonstrated a statistically significant treatment effect, with 46.6% of children in the Viaskin Peanut arm meeting the treatment responder criteria at 12 months, as compared to 14.8% of children in the placebo arm, exceeding the lower bound prespecified threshold of 15%.