Warren Buffett on Saturday defended several of Berkshire Hathaway Inc's larger or struggling investments, including Coca-Cola and the BNSF railroad. Speaking to tens of thousands of shareholders at Berkshire's annual meeting in Omaha, Nebraska, Buffett and Vice Chairman Charlie Munger also touched on many other issues including the 2016 U.S. presidential election, the risks of derivatives, and big losses at a mutual fund closely associated with Berkshire. Buffett, a supporter of Democrat Hillary Clinton for president, was asked about the regulatory impact on Berkshire if Republican front-runner Donald Trump captures the White House.
TALLADEGA, Ala. (AP) — Chase Elliott has won his second career Sprint Cup Series pole by taking the top spot in qualifying at Talladega Superspeedway.
Yemen's warring parties held "productive" face-to-face peace talks on Saturday on "key issues" in a bid to end the conflict in the impoverished Arab country, the UN envoy said. "The talks today were positive and productive... It is an encouraging beginning," Ismail Ould Cheikh Ahmed told a news conference after the first direct talks since the delayed negotiations began on April 21. "Today, we heard the parties pledge total commitment to (UN Security Council) Resolution 2216 and related decisions, the Gulf initiative and results of Yemeni national dialogue as the basis for a peaceful solution," he said.