preCharge News BUSINESS — Berkshire Hathaway shares hit a record high Friday just as Warren Buffett is about to kick off Berkshire Hathaway’s annual shareholder meeting on Saturday.

Tens of thousands of rapt shareholders will descend on Omaha, Nebraska this weekend for the annual gathering dubbed “Woodstock for Capitalists.” This year’s meeting marks the 60th anniversary of Buffett leading the company, and the 94-year-old investment legend is expected to opine on a wide range of market-moving topics, including tariffs, the state of the economy and his stock portfolio.

Class A shares climbed 1.5% Friday to a new all-time intraday high of 808, 993.53. Record closing level to watch is $806, 684 from April 2. The stock has rallied more than 18% this year, significantly outperforming the S&P 500.

This is a developing news story. More information will be provided as soon as it becomes available. 

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Associated Press, CNBC News, Fox News, and preCharge News contributed to this report.