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Profits drop at Warren Buffett’s Berkshire Hathaway as it writes down its Kraft Heinz investment

Berkshire_Hathaway_16209OMAHA, Neb. (AP) — Warren Buffett’s company reported less than half as much profit in the second quarter as it took a $3.76 billion writedown on the value of its stake in Kraft Heinz, as that iconic food producer considers largely undoing the merger that Berkshire Hathaway helped bankroll.