Warren Buffett Just Bought a House (Company): $TMHC Soars 22% as Berkshire Drops $6.8B on Taylor Morrison

Let's start with the big one: $TMHC is up 22% in pre-market after Berkshire Hathaway announced an all-cash acquisition at $72.50/share — a $6.8 billion deal at a 24% premium. This is Greg Abel's first major move as Berkshire's new CEO, and he opened with a statement. With $397 billion in cash burning a hole in Omaha's pocket, buying a homebuilder is Berkshire's loudest vote of confidence in the housing market since, well, ever. Bloomberg's YouTube coverage called it a consolidation of Berkshire's existing homebuilding operations — this wasn't impulse buying, it was chess.

Meanwhile, $MGM is popping 13% as Barry Diller's IAC moves to acquire the 74% of MGM it doesn't already own, valuing the whole thing at $18 billion ($48.30/share) — a 30% premium over the 90-day VWAP. Bloomberg's Money Minute flagged this as a credible bid, and Reddit's investing crowd is treating it like a free chips situation at the blackjack table. X sentiment is overwhelmingly bullish, with the deal framed as Diller finally going all-in on a bet he's been telegraphing for years.

Two deals, two massive premiums, one wild Monday — the M&A machine is officially back online and it brought snacks.