WARREN BUFFETT Retires, Trump Warns of TOY Shortage, and Deadly Texas Tragedy Shocks Nation

Here is today’s news briefing for May 3, 2025:

Warren Buffett, the legendary investor and longtime CEO of Berkshire Hathaway, announced he will retire at year-end. The company named Greg Abel as his successor, marking a significant change in leadership of one of America’s largest conglomerates.

In the U.S., tariffs on car parts have officially come into effect, raising costs for manufacturers and consumers. President Trump warned this could mean fewer toys for children this holiday season due to higher prices.

Tragedy struck in Texas where a British student preparing to graduate was killed. Authorities continue their investigation into the incident.

On the political front, California Governor Gavin Newsom commented on recent election results, blaming Democrats’ losses partly on Trump’s campaign momentum. Meanwhile, a military parade to honor the U.S. Army’s 250th anniversary is scheduled to take place on Trump’s birthday, stirring debate.

Canada’s political scene saw shifts as the Liberal party, led by Justin Trudeau, narrowly held power in the recent election. Analysis suggests a broad coalition has formed, united in opposition to Trump’s policies.

Weather caused havoc across the Midwest and southern U.S. Severe storms brought flooding, lightning, and even tornadoes, with over 25 million people under weather alerts.

In legal news, controversies continue with the U.S. Supreme Court reinstating Ohio’s ban on gender-affirming care for minors during ongoing appeals. Texas recently passed a $1 billion voucher bill endorsing school choice, a win for conservatives nationwide.

Internationally, Germany defended classifying the far-right AfD party as extremist after criticism from U.S. Senator Rubio. In New Zealand, destructive winds and floods caused widespread damage and travel warnings.

In crime reports, a tour van crash near Yellowstone National Park killed seven people. Police in several states arrested suspects linked to violent crimes and shootings, highlighting ongoing public safety concerns.

Culturally, major events include the passing of drag performer Jiggly Caliente, known from RuPaul’s Drag Race. Also, the Grand Theft Auto VI video game has been delayed again, now set for release in May 2026.

Finally, a notable social media spotlight fell on President Trump, who faced criticism for posting an AI-generated image of himself as the pope, ahead of the upcoming papal conclave.

This briefing covers the key developments shaping our nation and world today. Stay tuned to LifeLine™ Media for detailed updates and continued coverage.

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