Today's Headlines: Warren Buffett Says He Plans to Step Down as Head of Berkshire
Car Prices Expected to Rise as Tariffs on Parts Kick In
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The New York Times
Today's Headlines

May 4, 2025, 4:10 a.m. Eastern time

Top News

Warren Buffett Says He Plans to Step Down as Head of Berkshire

Mr. Buffett said at the annual shareholders’ meeting that he wanted to turn over the reins to Greg Abel at the end of the year. Earlier, he criticized Trump’s trade policies.

Car Prices Expected to Rise as Tariffs on Parts Kick In

Tariffs on imported parts will have a broad impact because all vehicles use components made abroad.

As China Looks for Way Out of U.S. Trade Deadlock, Fentanyl Could Be Key

Chinese officials have long used their willingness to cooperate to stem the flow of fentanyl to the United States as leverage in talks over broader disputes.

Editors’ Picks

Harvard’s President Is Fighting Trump. He Also Agrees With Him.

Alan Garber became a hero to liberals after Harvard resisted the federal government. At the same time, he is trying to remake campus culture in ways the Trump administration might appreciate.

Opinion | Proof Trump Has No Idea How the Trade Deficit Works

This is the one thing all economists agree on.

World

‘We’re All in One Ship’: Druse in Syrian Town Rocked by Violence Agree to Disarm Militias

After this week’s bloodshed, Druse leaders in Ashrafieh Sahnaya agreed to integrate militia fighters into government forces. But some residents remain wary.

These Contentious Issues Could Determine Who Becomes the Next Pope

As cardinals gather to elect Pope Francis’ successor, they are facing debates over whether the church most needs change or constancy.

Ghana Wanted a Cathedral. It Got an ‘Expensive Hole’ Instead.

The nation had grand plans for a national cathedral designed by a celebrity architect. The $400 million project became a political battleground.

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U.S.

Trump Administration Sues Colorado and Denver Over Immigration Policies

The lawsuit, which names the governor and mayor as defendants, is the latest move by the White House to try to get local governments to cooperate more with its immigration agenda.

V.O.A. Reporters Are Set to Return to Work, but Court Ruling Clouds Next Steps

President Trump has accused Voice of America of being biased against him. In March, he issued an executive order to dismantle the agency that finances the international news outlet.

In Montana, a Rare Sight: Republicans and Democrats Voting Together

Derided by critics as the “Nasty Nine” and censured by the state party, a group of Republican state senators said they were simply advancing common-sense legislation and supporting the governor’s agenda.

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Politics

No Country for Old Politicians? Some California Democrats Want an Age Cap.

As the Democratic Party tries to win back support, some members say forcing older politicians to retire is one solution.

Republicans in Congress Use Obscure Law to Roll Back Biden-Era Regulations

As G.O.P. lawmakers have largely ceded power to President Trump, they are also pushing the bounds of a little-known statute to undo federal rules — and potentially undermining the filibuster.

Trump Posts an Image of Himself as Pope

The president has joked about being the next pontiff, but the image, which appeared to be A.I.-generated, took things a step further and drew some pushback.

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Business

Why OPEC Plus Is Increasing Oil Supplies Despite Falling Prices

The group agreed to raise output in June, a sign that Saudi Arabia and its allies appear to be weary of cutting output and may be trying to appease President Trump, who has pushed for lower prices.

They Help Companies Set Prices. Tariffs Are Making It Trickier.

Pricing strategists are navigating the possibility that input costs, the economy and consumer behavior may all shift drastically.

Against the Odds, He Made Thoroughbred Racing a Viable Business

Using social media, podcasts and other innovations, Jon Green has turned DJ Stable into a $30-million-a-year entity. His colt, Sandman, is among the favorites to win the 151st Kentucky Derby.

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Technology

It Was Just a Rumor on Facebook. Then a Militia Showed Up.

Residents of Oakdale, Calif., have abandoned traditional media outlets for a mishmash of online sources. These days, they’re often not sure what information to trust.

Could Eye-Scanning Crypto Orbs Save Us From a Bot Apocalypse?

World, a start-up backed by Sam Altman, has launched in the United States with the goal of verifying your humanity.

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Arts

Chicago Museum Director Under Investigation After Airplane Incident

James Rondeau, the director of the Art Institute of Chicago, took a voluntary leave after a report that he stripped off his clothes during a flight to Germany.

The National Endowment for the Arts Begins Terminating Grants

The endowment told arts organizations that it was withdrawing or canceling current grants just hours after President Trump proposed eliminating the agency in the next fiscal year.

A Real Housewife Trashed Her Sprinkle Cookies. Fans Are Eating Them Up.

Fourteen years ago, Teresa Giudice threw Melissa Gorga’s sprinkle cookies in the garbage on “The Real Housewives of New Jersey.” Now Gorga is selling out of an upscale version of them.

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New York