Here’s a look at what made news on May 3, 2025.

• Warren Buffett, the 94-year-old billionaire investor, has announced his retirement as the CEO of Berkshire Hathaway, shocking shareholders.
• Denise Coates’ Bet365 continues to make strides in the US gambling market, demonstrating the potential for UK and Irish companies in this booming sector.
• In Formula One news, Max Verstappen topped the Miami Grand Prix qualifying, proving that becoming a new father has not impacted his performance.
• A federal appeals court has blocked an attempt to reinstate over 1,000 Voice of America employees, ruling against a plan to return them to work following Donald Trump’s executive order dismantling the news service.
• American swimmer Katie Ledecky broke her own world record in the 800m freestyle at the Tyr Pro Swim Series in Fort Lauderdale.
• The 151st Kentucky Derby saw a thrilling victory for the bay colt Sovereignty, marking the first leg of US thoroughbred racing’s famed Triple Crown.
• A Guatemalan immigrant who recently gave birth in Arizona has avoided fast-track deportation, thanks to the intervention of the state’s governor.
• Texas Governor Greg Abbott has signed a law enabling over 5 million students to use state funds for private schools, making Texas the first state to offer parents vouchers for private education.
• In a shocking revelation, an expert witness condemned the fatal beating of Tyre Nichols by police officers as excessive force during the trial of three former Memphis officers.
• The golf world mourns the passing of trailblazing black golfer Jim Dent, who died at the age of 85.
• A new U.S. minerals deal with Ukraine potentially secures the country’s future, two months after talks between the presidents of both nations broke down.
• Germany’s foreign ministry has responded to US Secretary of State Marco Rubio’s criticism over its decision to label the far-right Alternative für Deutschland party as an extremist group.
• Mohsen Mahdawi, a freed Palestinian human rights advocate, warns of the US’s potential descent into authoritarianism.
• Updates from the Formula One Miami Grand Prix qualifying hint at an unpredictable season, with Oscar Piastri leading the drivers’ championship for McLaren.
• US sprinter Fred Kerley, twice an Olympic 100m medallist, has been arrested for alleged assault on his ex-girlfriend and will not compete in the upcoming Grand Slam Track event.
• Warren Buffett’s retirement sparks discussion on the potential impact of the ongoing trade war on America’s future.
• Lando Norris emerged victorious in a dramatic sprint race at the Miami Grand Prix, with teammate Oscar Piastri coming second and Lewis Hamilton securing third place.
• Turki al-Sheikh, chairman of the Saudi Arabian General Entertainment Authority, unveiled the country’s Riyadh Season boxing program in Times Square with a fight card titled “FATAL FURY: City of the Wolves”.
• Phillip Inman’s insights discuss the role of financial markets in defending against populist extremes, in response to recent electoral shifts across the industrialised world.