Warren Buffett will not attend Berkshire Hathaway's annual meeting next year, with his successor Greg Abel taking over the tradition. Meanwhile, Kraft Heinz is actively evaluating potential strategic transactions aimed at boosting shareholder value amid weakening demand for its premium snacks and ready-to-eat meals in an uncertain economic environment. As part of these developments, Berkshire Hathaway is stepping down from its board seats at Kraft Heinz, reducing the board to 10 members, though it retains its 27% ownership stake. The company has not set a timeline for the strategic review, which has been ongoing for several months. Kraft Heinz also recently lowered its guidance due to soft demand.