Berkshire Hathaway Inc. (Berkshire) reported a doubling of its net profit to $25.67 billion in the second quarter, with operating profit increasing by 16.3% to $12.98 billion. During the quarter, the company completed two of its largest deals in recent years, including the $6.8 billion acquisition of homebuilder Taylor Morrison and a $10 billion investment in Google stock. Additionally, Berkshire repurchased $4.5 billion of its own stock and made net purchases of $23.5 billion in other stocks, marking the first time the company has been a net buyer in over three years.