Warren Buffett shocks shareholders by announcing his intention to retire at the end of the year

OMAHA, Neb. (AP) — Billionaire Warren Buffett shocked an arena full of shareholders Saturday by announcing that he will retire at the end of the year, bringing the curtain down on a six-decade run leading Berkshire Hathaway that made him the most influential investor in the world.

Buffett said he will recommend to Berkshire Hathaway’s board on Sunday that Vice Chairman Greg Abel should replace him.

“I think the time has arrived where Greg should become the chief executive officer of the company at year end,” Buffett said.

Abel has been Buffett's designated successor for years, and he already manages all of Berkshire's noninsurance businesses. But it was always assumed that he would not take over until after Buffett's death. Previously the 94-year-old Buffett always said he had no plans to retire.

Buffett announced the news at the end of a five-hour question and answer period without taking any questions about it. He said the only board members who knew this was coming were his two children, Howard and Susie Buffett. Abel, who was sitting next to Buffett on stage, had no warning.

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Sovereignty reigns in 151st Kentucky Derby, outdueling favorite Journalism in the slop

LOUISVILLE, Ky. (AP) — Sovereignty gave trainer Bill Mott a second Kentucky Derby victory. This time there was no doubt about it and no asterisk.

The 3-year-old colt outdueled 3-1 favorite Journalism down the stretch to win the 151st Derby in the slop on Saturday, snapping an 0 for 13 skid by owner Godolphin.

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 during a 22-minute delay.

It took a few minutes for Saturday's results to be made official while the stewards sorted out a photo for second and reviewed a traffic-choked start.

Mott knew all the while who earned the garland of red roses.

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Pakistan test fires ballistic missile as tensions with India spike after Kashmir gun massacre

ISLAMABAD (AP) — Pakistan test fired a ballistic missile Saturday as tensions with India spiked over last month's deadly attack on tourists in the disputed Kashmir region.

The surface-to-surface missile has a range of 450 kilometers (about 280 miles), the Pakistani military said. There was no immediate comment about the launch from India, which blames Pakistan for the April 22 gun massacre in the resort town of Pahalgam, a charge Pakistan denies.

Pakistan's military said the launch of the Abdali Weapon System was aimed at ensuring the “operational readiness of troops and validating key technical parameters,” including the missile’s advanced navigation system and enhanced maneuverability features.

Pakistan’s President Asif Ali Zardari and Prime Minister Shehbaz Sharif congratulated those behind the successful test. Missiles are not fired toward the border area with India; they are normally fired into the Arabian Sea or the deserts of southwest Balochistan province.

Islamabad-based security analyst Syed Muhammad Ali said Saturday's missile was named after a prominent Muslim conqueror of India, underlining its symbolic significance.

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Russia and Ukraine clash over ceasefire proposals as fighting rages

KYIV, Ukraine (AP) — Ukraine and Russia are at odds over competing ceasefire proposals, as Moscow 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 the U.S. had initially proposed. He said the proposed ceasefire could start anytime as a meaningful step toward ending the three-year war. “Let’s be honest — you can’t agree on anything serious in three, five, or seven days,” he said.

Zelenskyy said that Moscow’s announcement of a 72-hour ceasefire next week in Ukraine to mark Victory Day in World War II is merely an attempt to create a “soft atmosphere” ahead of Russia’s annual celebrations. “It looks unserious,” he said, “so that (Russian President Vladimir) Putin’s guests on Red Square feel comfortable and safe.”

He said that Ukraine cannot provide security assurances to foreign officials planning to visit Russia around May 9, warning that Moscow could stage provocations and later attempt to blame Ukraine.

Zelenskyy said that some governments had approached Kyiv seeking safety reassurance while their delegations are in Russia.

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Trump draws criticism with AI image of himself as the pope ahead of the papal conclave

NEW YORK (AP) — President Donald Trump posted an artificial intelligence-generated image of himself dressed as pope as the mourning of Pope Francis continues and just days before the conclave to elect his successor is set to begin. Trump's action drew rebukes from a group representing Catholic bishops in New York and among Italians.

The image, shared Friday night on Trump's Truth Social site and later reposted by the White House on its official X account, raised eyebrows on social media and at the Vatican, which is still in the period of nine days of official mourning following Francis' death on April 21. Catholic cardinals have been celebrating daily Masses in his memory and are due to open the conclave to elect his successor on Wednesday.

The death of a pope and election of another is a matter of utmost solemnity for Catholics, for whom the pope is Christ’s vicar on Earth. That is all the more true in Italy, where the papacy is held in high esteem even by nonreligious Italians.

The image featuring Trump in a white cassock and pointed miter, or bishop’s hat, was the topic of several questions during the Vatican’s daily conclave briefing Saturday. Italian and Spanish news reports lamented its poor taste and said it was offensive, given that the period of official mourning is still underway.

Left-leaning former Premier Matteo Renzi said the image was shameful. “This is an image that offends believers, insults institutions and shows that the leader of the right-wing world enjoys clowning around,” Renzi wrote on X. “Meanwhile, the U.S. economy risks recession and the dollar loses value. The sovereignists are doing damage, everywhere.”

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Mexico's president says she rejected Trump's plan to send US troops across the border

MEXICO CITY (AP) — Mexican President Claudia Sheinbaum said on Saturday that U.S. President Donald Trump proposed sending American troops into Mexico to help her administration fight drug trafficking but that she rejected it.

Her remarks to supporters in eastern Mexico came in response to a Wall Street Journal article published the day before, describing a tense phone call last month in which Trump reportedly pressured her to accept a bigger role for the U.S. military in combating drug cartels in Mexico.

“He said, ‘How can we help you fight drug trafficking? I propose that the United States military come in and help you.’ And you know what I said to him? ‘No, President Trump.'"

She added: “Sovereignty is not for sale. Sovereignty is loved and defended."

White House National Security Council spokesman James Hewitt said in a statement later Saturday that Trump has worked closely with Mexico's president “to achieve the most secure southwest border in history.”

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Hunger and malnutrition are rising across Gaza as Israel's blockade leaves mothers with few options

KHAN YOUNIS, Gaza Strip (AP) — The little boy is in tears and, understandably, irritable. Diarrhea has plagued him for half of his brief life. He is dehydrated and so weak. Attached to his tiny left hand is a yellow tube that carries liquid food to his frail little system.

At 9 months old, Khaled is barely 11 pounds (5 kilos) — half of what a healthy baby his age should be. And in Gaza's main pediatric hospital ward, as doctors try to save her son, Wedad Abdelaal can only watch.

After back-to-back emergency visits, the doctors decided to admit Khaled last weekend. For nearly a week, he was tube-fed and then given supplements and bottled milk, which is distributed every three hours or more. His mother, nervous and helpless, says that's not enough.

“I wish they would give it to us every hour. He waits for it impatiently ... but they too are short on supplies,” Abdelaal says. “ This border closure is destroying us.”

The longer they stay in the hospital, the better Khaled will get. But Abdelaal is agonizing over her other children, back in their tent, with empty pots and nothing to eat as Israel’s blockade of Gaza enters its third month, the longest since the war started.

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Justice Department will switch its focus on voting and prioritize Trump's elections order, memo says

The Justice Department unit that ensures compliance with voting rights laws will switch its focus to investigating voter fraud and ensuring elections are not marred by “suspicion,” according to an internal memo obtained by The Associated Press.

The new mission statement for the voting section makes a passing reference to the historic Voting Rights Act, but no mention of typical enforcement of the provision through protecting people’s right to cast ballots or ensuring that lines for legislative maps do not divide voters by race. Instead, it redefines the unit’s mission around conspiracy theories pushed by Republican President Donald Trump to explain away his loss to Democrat Joe Biden in the 2020 presidential election.

Trump’s attorney general at the time, William Barr, said there was no evidence of widespread fraud in that election. Repeated recounts and audits in the battleground states where Trump contested his loss, including some led by Republicans, affirmed Biden's win and found the election was run properly. Trump and his supporters also lost dozens of court cases trying to overturn the election results.

But in Trump's second term, the attorney general is Pam Bondi, who backed his effort to reverse his 2020 loss. The president picked Harmeet Dhillon, a Republican Party lawyer and long time ally who also has echoed some of Trump’s false claims about voting, to run the Justice Department's Civil Rights Division, where the voting section is housed.

“The Civil Rights Division has always worked to make sure Americans have access to the polls and that their votes matter,” said Stacey Young, an 18-year Department of Justice veteran who left that division days after Trump’s inauguration in January and founded Justice Connection, an organization supporting the agency's employees. “The division’s job is not to promote the politically expedient fiction that voting fraud is widespread.”

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Musk gets his Texas wish. SpaceX launch site is approved as the new city of Starbase

McALLEN, Texas (AP) — The South Texas home of Elon Musk’s SpaceX rocket company is now an official city with a galactic name: Starbase.

A vote Saturday to formally organize Starbase as a city was approved by a lopsided margin among the small group of voters who live there and are mostly Musk’s employees at SpaceX. With all the votes in, the tally was 212 in favor to 6 against, according to results published online by the Cameron County Elections Department.

Musk celebrated in a post on his social platform, X, saying it is “now a real city!”

Starbase is the facility and launch site for the SpaceX rocket program that is under contract with the Department of Defense and NASA that hopes to send astronauts back to the moon and someday to Mars.

Musk first floated the idea of Starbase in 2021 and approval of the new city was all but certain. Of the 283 eligible voters in the area, most are believed to be Starbase workers.

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The 20-year-old man who fell to the warning track at a Pirates game is awake

PITTSBURGH (AP) — The man who fell from the top of a 21-foot-high wall onto the warning track at PNC Park during a game between the Pittsburgh Pirates and the Chicago Cubs on Wednesday night is awake and alert.

The organizer of a GoFundMe page for Kavan Markwood, the 20-year-old who slipped off a railing and onto the field during the seventh inning of Pittsburgh's 4-3 win over the Cubs, shared an update Saturday that Markwood is improving.

According to Jennifer Phillips, who is organizing the fundraiser, Markwood has made significant progress since being admitted to the trauma center at Allegheny General Hospital on Wednesday in critical condition.

“After everything he’s been through since the accident on Wednesday night, this progress feels nothing short of miraculous,” wrote Phillips, who once taught Markwood. “He still has a long road ahead of him, but today brought a moment of hope that we’ve all been holding onto.”

Phillips added that Markwood can speak and encouraged others to support him during his “next phase of recovery.”

News from © The Associated Press, 2025