Warren Buffett shocks shareholders by announcing his intention to retire at the end of the year
OMAHA, Neb. (AP) — Warren Buffett shocked an arena full of his shareholders by announcing that he wants to retire at the end of the year. Buffett said he will recommend to Berkshire Hathaway’s board that Greg Abel should become CEO at the end of the year. Previously the 94-year-old investor has always said he had no plans to retire. But Abel has been his designated successor for years, and Abel has already been managing all of Berkshire’s non-insurance businesses. He will now take on the responsibility for running Berkshire’s insurance businesses and investing its cash. Able said he was “humbled and honored to be part of Berkshire as we go forward.”
Pakistan test fires ballistic missile as tensions with India spike after Kashmir gun massacre
ISLAMABAD (AP) — Pakistan has test fired a ballistic missile as tensions with India spike over last month’s deadly attack on tourists in the disputed Kashmir region. The surface-to-surface missile has a range of about 280 miles, the Pakistani military said. Saturday’s launch of the Abdali Weapon System was aimed at ensuring the “operational readiness of troops and validating key technical parameters,” according to a statement from the military. There was no immediate comment about the launch from India, which blames Pakistan for the April 22 gun massacre that killed 26 people in the resort town of Pahalgam. Pakistan denies the charge.
Russia and Ukraine clash over ceasefire proposals as fighting rages
KYIV, Ukraine (AP) — Ukraine and Russia are at odds over competing ceasefire proposals. Moscow has accused Ukrainian President Volodymyr Zelenskyy of threatening the safety of dignitaries attending Victory Day celebrations after he dismissed Russia’s unilateral 72-hour ceasefire. Zelenskyy instead renewed calls for a more substantial 30-day pause in hostilities, as was initially proposed by the U.S. He said the proposed ceasefire could start anytime as a meaningful step toward ending the three-year war. He said that Ukraine cannot provide security assurances to foreign officials planning to visit Russia around May 9 Victory Day, warning that Moscow could stage provocations and later attempt to blame Ukraine.
Trump draws criticism with AI image of himself as the pope ahead of the papal conclave
NEW YORK (AP) — President Donald Trump has posted an artificial intelligence-generated image of himself dressed as pope. The social media post comes as the mourning of Pope Francis continues and the papal conclave is set to begin in a few days. The image is raising eyebrows on social media, at the Vatican, from a group representing Catholic bishops in New York and from Italians. Catholics are in the period of official mourning after Francis’ death. Catholic cardinals are due to open the solemn conclave to elect his successor on Wednesday. The death of a pope and election of another is a matter of utmost solemnity for Catholics
Sovereignty reigns in 151st Kentucky Derby, outdueling favorite Journalism in the slop
LOUISVILLE, Ky. (AP) — Sovereignty outdueled 3-1 favorite Journalism down the stretch to win the 151st Kentucky Derby by 1 1/2 lengths in the slop. Trainer Bill Mott won his first Derby in 2019, also run on a sloppy track, when Country House was elevated to first after Maximum Security crossed the finish line first and was disqualified after a 22-minute delay. This time, he knew the result immediately. Journalism found trouble in the first turn and jockey Umberto Rispoli moved him to the outside. He and Sovereignty hooked up at the eighth pole before Sovereignty and jockey Junior Alvarado pulled away.
Australian Prime Minister Anthony Albanese wins a second 3-year term
MELBOURNE, Australia (AP) — Anthony Albanese has claimed victory as the first Australian prime minister to win a second consecutive term in 21 years. He suggested his government increased its majority in the next Parliament by not modeling itself on U.S. President Donald Trump’s administration. Albanese told his supporters in a victory speech in Sydney: “Australians have chosen to face global challenges the Australian way, looking after each other while building for the future.” His center-left Labor Party had branded Albanese’s rival Peter Dutton, the opposition leader, “DOGE-y Dutton” and accused his party of mimicking Trump and his Department of Government Efficiency.
Justice Department will switch its focus on voting and prioritize Trump’s elections order, memo says
A new mission statement for the Justice Department unit that upholds voting rights shows it’s being redirected toward prioritizing President Donald Trump’s executive order on elections. Trump has continued to insist that widespread fraud cost him the 2020 presidential election. Repeated audits, investigations and court cases show otherwise. The mission statement is silent on the voting section’s normal mission of protecting the right to vote and people from being disenfranchised by gerrymandering. Instead it says the section will combat fraud and ensure that only U.S. citizens vote, even though voting by noncitizens is already illegal and has been shown to be extremely rare.
Hunger and malnutrition are rising across Gaza as Israel’s blockade leaves mothers with few options
KHAN YOUNIS, Gaza Strip (AP) — Malnutrition and hunger are prevelant in the Gaza strip as Israel’s blockade enters its third month. Shortage of food and supplies has driven the territory toward starvation. Supplies to treat and pervent malnutrition are depeleted and quickly running out as documented cases of malnutrition rise. Some 3,600 children were admitted and treated for acute malnutrition in the past month_ a figure that is likely rising. Parents are running out of options of what to feed their children and where to take fhem to get help. Images of emaciated children are becoming more frequent and hungry children at community kitchens are fighting for food, alongside adults.
Singapore’s long-ruling party wins another landslide in election boost for new prime minister
SINGAPORE (AP) — Singapore’s long-ruling People’s Action Party has secured another general election landslide, extending its 66-year unbroken rule. Its improved performance on Saturday is a huge boost for Prime Minister Lawrence Wong, who came to power in 2024. The PAP won 87 out of a total 97 Parliamentary seats, with the remaining retained by he opposition Workers Party. The PAP’s popular vote rose to 65.6%, up from a near-record low of 61% in 2020 polls. Analysts said Wong’s appeal for a resounding mandate to steer trade-reliant Singapore through economic turbulence following U.S. President Donald Trump’s tariff hikes has hit home.
Elon Musk’s Starbase on its way to becoming a Texas city after lopsided early voting results
McALLEN, Texas (AP) — The home of Elon Musk’s SpaceX rocket company is on its way to becoming an official Texas city with a galactic name: Starbase. A vote Saturday to formally organize Starbase as a city was approved by a small group of Texas voters who live there and are mostly Musk’s employees. Starbase is the facility and launch site for the SpaceX rocket program that is under contract with the Department of Defense and NASA for what Musk hopes will complete a return to the moon and someday an astronaut mission to Mars.