Buffett defends Giving Pledge from backlash

Warren Buffett is standing by the Giving Pledge, a philanthropic initiative he established with Bill Gates nearly 15 years ago. The pledge encourages billionaires to commit the majority of their wealth to charitable causes. Buffett's defense comes amid criticism and a perceived 'billionaire backlash' against the movement. The initiative aims to significantly impact global philanthropy by directing substantial wealth towards solving societal problems.