PRESS DIGEST- Wall Street Journal - May 5
ReutersMay 5, 2025 6:49 AM
May 5 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.
- U.S. President Donald Trump called for a 100% tariff on movies made overseas, and called the use of incentives by foreign countries to draw filmmakers and studios away from the U.S. a national-security threat.
- Australia's Gold Road Resources GOR.AX agreed to a sweetened US$2.4 billion takeover by South Africa's Gold Fields GFIJ.J, after rejecting an earlier bid against a backdrop of surging gold prices.
- Warren Buffett revealed on Saturday his plans to step down as Berkshire Hathaway's BRKa.N chief executive at year-end and hand the reins to handpicked successor, Greg Abel.
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