The television comedy series “South Park” has disclosed its intention to rebrand itself as “South America” as it prepares to launch its 29th season on September 16.

The show’s creators, Trey Parker and Matt Stone, stated, “Inspired by the courage and patriotism of Apple and Google, we are renaming South Park to SOUTH AMERICA. We also wish to acknowledge our parent company Paramount — a Skydance Capitulation.”

Parker and Stone’s remarks follow U.S. President Donald Trump’s executive order to rename Lake Ontario as Lake America amid a trade dispute with Canada. Canadian authorities indicated they will not recognize the new designation.

Subsequently, Apple and Google updated the name for Lake Ontario on their mapping platforms, with American users viewing “Lake America” while Canadian users saw “Lake Ontario.”

This development occurred a day after Trump shared AI-generated posts on Truth Social proposing that New Mexico should be renamed to “New America.”

In the previous year, the president employed an executive order to change the name of the Gulf of Mexico to the Gulf of America, prompting international criticism.

“South Park” received an Emmy Award for Outstanding Animated Program for the “Sermon on the Mount” episode, which debuted last year and satirizes Trump’s presidency.

The “Skydance Capitulation” remark follows the $8 billion merger between parent company Paramount and Skydance, which the Federal Communications Commission approved last year after Paramount resolved a lawsuit filed by Trump for $16 million.

Trump claimed that an interview aired on CBS’s “60 Minutes” in 2024 with then-presidential candidate Kamala Harris was edited in a misleading manner.

Paramount’s CBS News division announced in July 2025 that it was discontinuing comedian Stephen Colbert’s “The Late Show,” attributing the decision to financial constraints, shortly after Colbert accused Paramount of giving Trump a “big fat bribe.” The final episode of the program was broadcast in May.

Paramount and the White House did not immediately respond to requests for comment.

OpenAI CEO Sam Altman now says his company will not go public this year, citing growing concerns about AI safety.

In an interview with Fortune published Saturday, Altman said that an IPO now would be “ill-advised.” The decision pushes one of the most anticipated IPOs in history until at least 2027 and gives the clearest sign yet that mounting concerns about increasingly powerful AI are beginning to reshape the industry’s business plans.

OpenAI CFO Sarah Friar told employees just last month that the company would likely go public in 2027 or even sooner, if “our business continues to inflect.”

Altman’s comments came on the same day that Anthropic CEO Dario Amodei published an essay urging AI companies to slow how quickly they improve their most advanced models. Altman and Elon Musk quickly backed the proposal in social media posts, an unusual show of agreement among three fierce rivals.

In his essay, Amodei proposed a three-step plan aimed at tempering the pace of development without “sacrificing commercial advantage or the United States’ lead in AI.” Anthropic is actively gearing up for what is expected to be a historic IPO, though the company has not officially disclosed when it plans to debut.

The sudden alignment among Altman, Amodei and Musk shows how quickly concern over AI has moved from the margins to the center of the industry — and is now beginning to collide with its enormous commercial ambitions.

The essay urged artificial intelligence companies to pace how quickly they improve model capabilities. The move comes amid a growing chorus of researchers calling for a coordinated deceleration.

Pressure is building in Washington, where lawmakers in both parties are calling for new AI safeguards and demanding tech leaders testify after a rash of cyberattacks were carried out without direct human control.

Beyond the nation’s capital, state and local officials are also confronting growing outrage against AI data centers and their demands on power, water and communities. With midterm elections approaching, AI is becoming a key issue for both parties.

Concerns around AI’s capabilities

Anthropic has “unilaterally” committed to the first step of the plan, Amodei said, which grants third-party evaluators employee-level access to the company to verify safety practices and report incidents. The second step encourages leading AI companies within democratic countries to coordinate and establish common safety standards, and the third calls for coordination between democratic governments and authoritarian governments.

“To be clear, pacing does not mean halting model training or technical progress, but ensuring companies take adequate time to align and safeguard their models, and for third party evaluators to confirm this,” Amodei wrote.

The essay landed after an Anthropic researcher set off a firestorm on social media this week by announcing he quit his job at the company. Jacob Coxon, who has also worked as a researcher at Anthropic’s chief rival, OpenAI, said he resigned out of concern that Anthropic and OpenAI are “gambling with our lives.” He said the people building AI “earnestly believe that it could kill us all by the end of the decade.”

While extreme, concerns about the potential for AI to cause human extinction or other catastrophic events are not new in AI research circles. In 2023, for instance, prominent AI researchers and executives, including Amodei and OpenAI’s Altman, signed a statement that said, “Mitigating the risk of extinction from AI should be a global priority alongside other societal-scale risks such as pandemics and nuclear war.”

Amodei said Saturday that while pausing or slowing AI development has been floated since 2023, it made “little sense” to do so at that time. He said models were not powerful enough to take action in the real world at that point, and they were also not yet capable of “significant deception, manipulation, cheating, or cyberattacks.”

“I continue to believe that AI can enormously improve the quality of human life. My desire to achieve these benefits is undimmed,” Amodei wrote. “But the benefits will only be achieved if we build the technology in the right way, and — so long as we use the time we gain well — it is worth taking unusually deliberate care to get it right.”

After his essay published, Amodei emphasized that finding the right speed of development will be paramount. Slowing down too much could give autocratic governments an edge, he said in a CNN interview that aired later Saturday.

“If we go too slow, I still believe that the wrong people will be in charge of the technology. And that, again, will bring the probability of things going wrong very high,” he said.

Sarah Heck, Anthropic’s head of public policy, lauded the essay and called on lawmakers to do their part in building guardrails.

“The government has a critical role to play here, including blocking the sale of the most advanced chips to adversarial nations like China, enacting a national law requiring testing of frontier models, with the power to block the most advanced models that prove to be unsafe,” she said, in an X post.

Support for a voluntary slowdown

Amodei’s essay received cheers from many industry researchers and executives on Saturday, including Altman. In a post on X, Altman said he agreed with Amodei that the industry needs to pace the development of advanced AI capabilities. Altman said the subject has been a “primary topic” of discussion at OpenAI in recent weeks.

“Committing to having independent evaluators with employee-like access is a great idea, and we will do the same,” Altman said. “We’ll have more to share soon.”

Earlier this month, OpenAI’s chief scientist, Jakub Pachocki, published a blog post warning that no AI company has “solved alignment and monitoring to a sufficient degree to continue responsibly scaling at maximum speed for much longer.” In the AI industry, alignment refers to the work by AI developers to ensure that the system behaves in accordance with human values and intentions.

Pachocki said he expects and hopes for voluntary slowdowns to become “commonplace until shared safety bars are established.”

Musk also expressed support for a slowdown on Saturday, writing in a post on X that, “Dario is right.”

Musk, whose competing AI startup xAI was acquired by his rocket company SpaceX

“Everyone I met was highly competent and cared a great deal about doing the right thing,” Musk wrote at the time. “No one set off my evil detector.”

Amodei wrote Saturday that he believes AI could still “dramatically raise the quality of human life,” but that the risks need to be taken seriously.

“I believe that if slowing down bought us even an extra year or two before models reach critical levels of capability, and we used that time to advance alignment, we could greatly reduce the risk that something goes seriously wrong,” he said.

WATCH: Anthropic AI researcher says company is ‘gambling with our lives’

Correction: A previous version of this story misspelled the name of OpenAI CFO Sarah Friar.

(This is the Warren Buffett Watch newsletter, news and analysis on all things Warren Buffett and Berkshire Hathaway. You can sign up here to receive it every Friday evening in your inbox.)

Buffett’s confidence in troubled decade-old acquisition finally pays off

Six years ago, when Berkshire Hathaway took an $11 billion write-down of its $37.2 billion 2016 acquisition of Precision Castparts, Warren Buffett wrote in his annual letter to shareholders he had paid “too much” for the company, which makes “complex metal components and products.”

While it was a “fine company – the best in its business,” he had been “simply too optimistic” about its profit potential, a “miscalculation … laid bare” by the enormous downturn for the aerospace industry, Precision Castparts’ largest customers, amid the Covid pandemic.

In a CNBC interview when the deal was first announced, Buffett admitted it was “a very high multiple for us to pay,” but told shareholders at the 2016 meeting he had great confidence in Mark Donegan, the company’s CEO, both then and now, and the company’s long-term profit outlook.

It’s taken longer than he planned, but Buffett’s purchase is now looking pretty good.

As Reuters puts it, there is currently a shortage of the “complex” products Precision Castparts makes that are essential for engine turbine blades.

They’re also used in natural gas turbines, which are in demand to produce energy for artificial intelligence data centers.

This week, GE Aerospace announced it would pay $11.75 billion to acquire Consolidated Precision Products, one of the few companies that competes against Precision Castparts.

Barron’s calls that “pricey” at 26 times projected 2027 earnings before interest, taxes, depreciation, and amortization.

Using the same multiple, Barron’s estimates Precision Castparts is worth around $100 billion. That’s well above the potential value of $60 billion to $75 billion it cited in an article last month that said the unit “probably has become one of the more valuable divisions” of Berkshire.

It’s also nearly three times the 2016 purchase price.

In the Barron’s piece, Andrew Bary said Berkshire, and its share price, aren’t “getting much credit” for the subsidiary’s rising value, in part because CEO Greg Abel, like Buffett, doesn’t do analyst conference calls or investor events that could draw attention to the unit’s performance.

His recommendation: “Without Warren Buffett at the helm, Berkshire may have to start telling its story if it wants to attract a new generation of investors. This year’s trading action suggests that something may need to change.”

Berkshire bounces a bit as Wall Street sells off

Berkshire Hathaway shares managed a modest gain this week even as Wall Street’s major averages declined, a small departure from the 2026 “trading action” Bary cites.

Both the Class A and Class B shares gained almost 0.9% while the S&P 500 fell by 0.8%.

Until Friday’s bounce, that benchmark index, along with the Dow Industrials and the Nasdaq Composite, had dropped four days in a row as oil and bond yields moved higher.

Even with this week’s outperformance, Berkshire’s B shares still trail the S&P 500 by more than 10 percentage points so far this year.

Nebraska candidate moves to replace ad that included Buffett’s image

The campaign team for the Republican running in Nebraska’s 2nd Congressional District accelerated the deployment of a new campaign ad after Susie Buffett complained about a previous commercial that briefly included an image of her father, Warren Buffett.

In the ad, a picture of Buffett and his name appear on screen for roughly two seconds as candidate Brinker Harding says, “Here in Omaha, we know a thing or two about the stock market, some more than others. But we do it without insider information.”

He then goes on to highlight his call for a ban on Congressional stock trading, saying some lawmakers “trade on secrets you’ll never know,” as they “get rich” while “we barely get by.”

In a report that led its 10 PM CT newscast Wednesday evening, ABC affiliate KETV in Omaha reported Susie Buffett had asked Harding on Sept. 2 to remove the ad.

She told the station, “I think it’s worth it to say that Warren did not give Brinker his permission to use his face or name in his ad.

“It implies that my dad endorses him. He did not have permission to use it.”

The KETV report quoted Harding as saying in a statement, “In Nebraska, we work hard and support each other, and we do it honestly. Warren Buffett exemplifies that, and that was the point of my ad.”

The report said Harding did not comment on whether the ad would be taken down but noted “it does look like new ads from his campaign are beginning to run on some stations.”

A Harding campaign spokesperson told me the campaign did not think its ad implied a Buffett endorsement, but to be respectful to the Buffett family, it responded to her concern by accelerating the rollout of its next planned ad by several days, although its effort was hampered by the Labor Day weekend.

The commercial now running does not show or mention Buffett.

BUFFETT & BERKSHIRE AROUND THE INTERNET

Some links may require a subscription:

– Best’s News and Research Service: 2026 Best’s Rankings: Berkshire Hathaway Takes DPW Top Spot Among Accident & Health Lines

– Financial Times: The day Warren Buffett saved Salomon Brothers

HIGHLIGHTS FROM CNBC’S BUFFETT ARCHIVE

The effects of 9/11 on Berkshire and the insurance industry (2002)

Warren Buffett shares his thoughts on the 9/11 attacks and explains how Berkshire’s insurance companies have started taking terrorism into account when writing policies.

AUDIENCE MEMBER: I know you lost a lot of money as a result of 9/11. But I would like to know how 9/11 changed your life and your investment strategy?

WARREN BUFFETT: It made everybody, I think, in the country aware, I mean, we’ve gone through world wars and all of that, and essentially felt quite protected within these borders.

And I have been quite worried about — Charlie can attest to — you know, the possibility, particularly of some kind of nuclear device in this country, by — probably more likely by terrorists than by some, at least, declared act of war by another state.

And 9/11 made everybody realize that as humans have not progressed, particularly, in terms of how they behave with each other over the years, they have progressed enormously in their ability to inflict damage on those they hate for one reason or another…

In terms of the business aspects of it, in your question, obviously the area at Berkshire that it effects most significantly, by miles, is insurance.

And prior to 9/11, even though we recognized that there could be huge monetary damages that flowed from the activities of what I would call deranged people, we hadn’t really written the contracts in such a way as to either get paid for taking that risk or to exclude the risk. In other words, we were throwing it in for nothing.

We had excluded risk for war. I mean, we knew that we’d seen what had happened in England in the 40s, and so we had taken account of something that some of us had seen with our own eyes, but we didn’t take account of something that we knew was possible, but we just hadn’t seen. And that’s, you know, that’s the human condition, to some degree.

Since September 11th, everybody in the insurance business recognizes that they had exposures that they weren’t charging for, and they either had to exclude those exposures or they had to charge for them.

We have written — first thing we had to do, of course, is we had lots of policies on the books that left us exposed to this, and most of those policies ran for a year, starting at different points. Those have run off to a great degree, but they’re not entirely run off.

The other thing we did was on new policies. We have sold a fair amount, quite a large amount, of terrorism insurance that excludes what we call NCB, nuclear, chemical, and biological, as well as fire following nuclear.

And, we can take a fair amount of exposure to that sort of terrorism, because it doesn’t — it won’t aggregate. It aggregated at the Twin Towers in a way that — World Trade Center — in a way that just about was as extreme as you could get for non-NCB-type activities.

I mean, that was a huge amount of damage done without nuclear, chemical, or biological.

But we can have tens of billions of dollars with NCB excluded throughout a greater New York area, or something, but we can’t have hundreds of billions of exposure that would be exposed, say, to, nuclear activities, because there an act or two, or three, coordinated, could cause damage that would destroy the insurance industry.

And if we had coverage on that, it would destroy us as well.

BERKSHIRE STOCK WATCH

Four weeks

Twelve months

BRK.A stock price: $766,000.00

BRK.B stock price: $510.37

BRK.B P/E (TTM): 12.83

Berkshire Cash as of June 30: $365.5 billion (Down 8.0% from March 31)

Excluding Rail Cash and Subtracting T-Bills Payable: $359.2 billion (Down 3.8% from March 31)

Berkshire repurchased $4.5 billion of its shares in Q2 2026.

BERKSHIRE’S TOP EQUITY HOLDINGS – Sep. 11, 2026

Berkshire’s top holdings of disclosed publicly traded stocks in the U.S. and Japan, by market value, based on the latest closing prices.

Holdings are as of June 30, 2026, as reported in Berkshire Hathaway’s 13F filing on August 14, 2026, except for:

– Mitsubishi, which is as of April 30, 2026

The full list of holdings and current market values is available from CNBC.com’s Berkshire Hathaway Portfolio Tracker.

QUESTIONS OR COMMENTS

Please send any questions or comments about the newsletter to me at alex.crippen@cnbc.com. (Sorry, but we don’t forward questions or comments to Buffett himself.)

If you aren’t already subscribed to this newsletter, you can sign up here.

Also, Buffett’s annual letters to shareholders are highly recommended reading. There are collected here on Berkshire’s website.

— Alex Crippen, Editor, Warren Buffett Watch