<ul><li>Berkshire Hathaway stock dropped as much as 7% after Warren Buffett announced his retirement as CEO.</li><li>Greg Abel will succeed Buffett as CEO, while Buffett will remain Chairman of the board.</li><li>Concerns about the impact of Buffett's retirement decision and other market factors led to the stock decline.</li><li>Despite the uncertainty surrounding the change in leadership, analysts believe Berkshire Hathaway is in good hands in the long term.</li></ul>

Berkshire Hathaway stock is dropping as traders react to Warren Buffett's plan to step down

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