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Today — 5 May 2025NYT | Top Stories

How Warren Buffett Changed the Way Investors Thought of Investing

The idea of “value investing” had long existed. But no one did it as successfully or for as long as he did.

© Brendan McDermid/Reuters

Warren E. Buffett, at the Berkshire Hathaway shareholders’ meeting on Saturday, turned a failing textile manufacturer into a trillion-dollar conglomerate and microcosm of the U.S. economy.

How Warren Buffett Changed the Way Investors Thought of Investing

The idea of “value investing” had long existed. But no one did it as successfully or for as long as he did.

© Brendan McDermid/Reuters

Warren E. Buffett, at the Berkshire Hathaway shareholders’ meeting on Saturday, turned a failing textile manufacturer into a trillion-dollar conglomerate and microcosm of the U.S. economy.

Days Before Conclave, Cardinals in Rome Pitch Messages to the Pews

Some papal contenders offered hints in Sunday Masses at what kind of pope they might want, or want to be.

© Bernat Armangue/Associated Press

Cardinal Jean-Marc Aveline of France greeting the faithful at Santa Maria ai Monti in Rome on Sunday.

Cora Sue Collins, a Busy Child Actress in the 1930s, Dies at 98

5 May 2025 at 00:16
She was in films with Greta Garbo, who became a friend, and Myrna Loy, Bette Davis and others. She ended her career after being sexually harassed.

© Virgil Apger/Getty Images

Cora Sue Collins in about 1934. She appeared in 11 movies that year and another 11 in 1935.

This Alabama City Faces a Culture War, With Its Public Library at the Center

4 May 2025 at 17:00
Fairhope originated as an experimental colony, and that spirit remains part of its character. But it now faces a culture war, with its library at the center.

© Charity Rachelle for The New York Times

The Fairhope Public Library records more than 180,000 annual visits, one of the highest figures in Alabama, in a city of 25,000.

Luxury Condo Owners Accuse Builders of Hiding Dangerous Defects

In a lawsuit, the condo board at 432 Park Avenue says the city and potential residents were not told about the severity of early cracks in the supertall building’s exterior.

© Karsten Moran for The New York Times

A new lawsuit details nearly 1,900 defects that have emerged in the facade of the building, one of several slender apartment buildings known as “supertalls” that dot the city’s skyline.
Yesterday — 4 May 2025NYT | Top Stories

Trump Plays Down Talk of a Third Term, Backing Vance and Rubio

4 May 2025 at 23:36
President Trump, who has frequently raised the idea of pursuing a third term in defiance of the Constitution, told “Meet the Press” that his vice president and his secretary of state were potential successors.

© Emily Elconin for The New York Times

President Trump has often mused about the idea of a third term and has suggested there were “methods” of circumventing the 22nd Amendment.

Designers Do a Double Take at the Lettering on Pope Francis’ Tombstone

4 May 2025 at 21:44
Irregularly spaced letters spelling “F R A NCISC VS” have caused a stir among typography nerds who specialize in spacing and fonts. One called them “an abomination unto design.”

© Bernat Armangue/Associated Press

Pope Francis’ tomb is inscribed with the name “Franciscus,” in irregularly spaced lettering.

More American Air Defense Is on the Way to Help Ukraine

A Patriot air-defense system is moving from Israel to Ukraine, and Western allies are discussing the logistics of getting Germany or Greece to send another.

© Omar Marques/Getty Images

German soldiers unloading the U.S.-made Patriot surface-to-air missile system in Jasionka, Poland, in January.

British Police Arrest Iranian Nationals in Counterterrorism Investigations

4 May 2025 at 19:24
Seven Iranians were among eight men arrested in two investigations. Some of the detained were accused of preparing a terrorist attack on an unnamed site.

© Dan Kitwood/Getty Images

New Scotland Yard, the headquarters of the Metropolitan Police, in London. One of Britain’s top security officials said last year that Iran was a growing threat.

Trump Battles Universities, but Especially Harvard and the Ivy League

4 May 2025 at 17:01
Beyond the politics is a brew of resentment and reverence that the president, an Ivy League graduate himself, has long harbored for a club that has never accepted him.

© Sophie Park for The New York Times

President Trump’s attacks on Harvard and other Ivy League schools have endeared him to his base.

Why Shabbos Kestenbaum, the Student Who Sued Harvard, Keeps Fighting the University

4 May 2025 at 17:01
Shabbos Kestenbaum sued Harvard over accusations that it had ignored antisemitism when he was a student. His criticism has taken him to the White House and all over the world.

© Jackie Molloy for The New York Times

Shabbos Kestenbaum at his childhood home in the Bronx. His determination to battle his alma mater in court helped build momentum for a Republican war against elite universities.

How Trump’s Cuts Are Stifling L.G.B.T.Q. Health Research

The Trump administration has systematically stripped funding from research into the health of L.G.B.T.Q. people. Benjamin Mueller, a reporter covering health and medicine for The New York Times, describes how hundreds of such projects were abruptly halted, stranding participants in experiments, and leading to lawsuits that argue that the administration had not offered a legal justification for the cuts.

Trump Administration Slashes Research Into L.G.B.T.Q. Health

5 May 2025 at 00:46
Nearly half of the N.I.H. grants canceled through early May — together worth more than $800 million — addressed the health of sexual and gender minority groups, The Times found.

© Max Whittaker for The New York Times

Drawing blood for an S.T.I. test at a San Francisco AIDS Foundation clinic. The N.I.H. canceled several grants to a network of researchers who work on preventing and treating H.I.V. and AIDS in young adults, who account for a fifth of new infections each year in the United States.

Buddy Guy Talks ‘Sinners’ Post-Credits Scene

2 May 2025 at 23:13
The guitarist and singer, who turns 89 in July, discusses his role in Ryan Coogler’s musical horror drama and his promise to Muddy Waters and B.B. King.

© Valentin Flauraud/EPA, via Shutterstock

Buddy Guy recorded a new song called “Travelin’” for Ryan Coogler’s movie “Sinners.”

Trump’s Tariffs Are Already Straining This Oklahoma Used Car Business

Antonio Austin is trying to hold his car business together as President Trump’s tariffs drive up costs — and drive his customers deeper into crisis.

© Erin Schaff/The New York Times

Antonio Austin in the repair bay of Buy Here Pay Here car lot. His inventory and sales have been dropping.

Who Is Gregory Abel, Warren Buffett’s Successor?

Mr. Buffett won renown and made billions as one of the most successful stock pickers of all time. Mr. Abel’s strengths lie more in running businesses.

© Brendan Mcdermid/Reuters

Greg Abel, at the Berkshire Hathaway shareholders’ gathering this weekend in Omaha, was Warren Buffett’s yearslong heir apparent.

Biden Aides Decided Against a Cognitive Test in Early 2024, Book Says

4 May 2025 at 17:01
His White House advisers considered giving him such a test to prove his fitness for a second term, but they worried it would draw new attention to his age, according to a forthcoming book.

© Pete Marovich for The New York Times

A few weeks before former President Joseph R. Biden Jr.’s final White House physical exam in early 2024, his aides decided against having him undergo a cognitive test.

A Scenic Tour of Red Tape: Tracking the Slowest High-Speed Train in the Country

4 May 2025 at 17:00
Can America still build big things? A long ride through California’s Central Valley tells a gloomy story.

© Ian C. Bates for The New York Times

An orchard outside of Hanford, Calif., will be the site of a high-speed rail overpass. It is part of the scaled-back project that was once scheduled to be completed in 2020 but is now slated for 2033.

A Conclave Like No Other

More cardinals from more countries than ever will gather in the Sistine Chapel starting Wednesday to choose a new pope at a precarious time for the church.

© Antonio Masiello/Getty Images

Firefighters installed the chimney that is used to communicate the choosing of a new pope on Friday on the roof of the Sistine Chapel in Vatican City.

Francis Opened Discussions to Those Outside the Church Hierarchy. This Cardinal Would, Too

4 May 2025 at 17:01
Cardinal Mario Grech comes from Malta, but is known to cardinals around the world for his role as the secretary general of an advisory body of bishops.

© Tiziana Fabi/Agence France-Presse — Getty Images

Cardinal Mario Grech attends a mass at St Peter’s basilica in Vatican City on Wednesday.

A Popemobile Used by Pope Francis Will Become a Mobile Clinic in Gaza

4 May 2025 at 17:30
In his last months, Pope Francis blessed an effort to transform the vehicle he used when he visited the West Bank in 2014 into a mobile health clinic to treat Palestinian children in the Gaza Strip.

© Vincenzo Pinto/Agence France-Presse — Getty Images

Pope Francis in his popemobile in Manger Square in the West Bank city of Bethlehem in 2014.
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