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Warren Buffett is stepping down as Berkshire chairman at 96, handing the title to his son Howard after six decades, while Trump bars three major news organizations from the White House. Elsewhere, France prepares for drone attacks, and a global sulfur squeeze threatens to push food prices higher.

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Warren Buffett has stepped down as Berkshire chairman, handing the title to his son Howard and taking on the role of chairman emeritus at 96. He stays on the board in an advisory capacity, nine months after passing the chief executive job to Greg Abel.

Berkshire was a struggling New England textile mill when Buffett took control in 1965, and it is now a $1.1 trillion conglomerate owning GEICO, Dairy Queen and BNSF. "The timing is right to complete the transition," he wrote, noting he had recently turned 96.

President Donald Trump said Friday he is banning CNN, MS NOW and Politico from the White House over what he called unfavorable coverage, and threatened that further prohibitions could follow. He gave no details on how the ban would actually be implemented.

The move follows his February 2025 decision to keep Associated Press journalists out of the Oval Office and Air Force One over the Gulf of Mexico's name, a suit still working through the courts. Blocking CNN could also upend the five-network television pool that travels with the president.

France will draw up a plan to protect critical infrastructure and sensitive defense industry sites from drone attacks and cyberattacks, Macron told reporters on Friday at the Elysee Palace after meeting party leaders. He said the Russian hybrid threat facing Europeans and France has intensified in recent weeks.

He pointed to last month's drone attack on Leipzig airport, which has been blamed on Russia, and to a warning from Poland's Donald Tusk of a "real risk" of drone and missile strikes on NATO territory that Moscow would afterward describe as accidental.

A single millisecond software defect was blamed by NATS on Friday for the cancellation of more than 2,000 flights in and out of the United Kingdom on Sept. 8, stranding hundreds of thousands.

Canada's Prime Minister Mark Carney returned from Europe saying the two sides had launched a process for alliance, with Canada openly weighing what would be the European Union's first associate membership.

Oxford United, an English club, apologized for a clothing range printed with "United 93," which it meant as a nod to its 1893 founding rather than a hijacked airliner's call sign.

A federal judge in Rhode Island ruled Friday that the EPA illegally terminated Solar for All, the $7 billion program meant to bring solar power to more than 900,000 lower-income Americans.

Texas has stopped issuing permits for new Flock license plate readers along state roads, a pause confirmed Thursday by a TxDOT spokesperson that leaves cameras already installed untouched, including more than 900 run by state police.

California Governor Gavin Newsom issued an executive order addressing AI dangers on Friday, arguing the federal government has failed to build any meaningful oversight or accountability for the technology.

Investment bank JP Morgan told clients it cannot model the oil price endgame, a rare admission that the US-Iran war has broken the assumptions it started the conflict with.

Kylian Mbappé has signed with On after Nike chose not to renew, giving the Swiss brand its first football signing and costing Nike a face it had backed since he was a child in 2006.

Meritage Hospitality, a large Wendy's franchisee, filed for Chapter 11 protection on Thursday, after six straight quarters of same-store sales declines across the burger chain.

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SpaceX will fly three more crewed Dragon missions to the space station through 2030 under an expanded NASA contract worth up to $946 million on completion.

A first for RNA therapy: a man with an uncommon motor neuron disease improved and kept practicing medicine a year after receiving a drug designed for the exact mutation causing his illness.

AI cloud provider Nscale has filed to list on the NYSE under the ticker NSCL, disclosing a $1.02 billion net loss on $140.6 million of revenue in the first half.

Bayern Munich striker Harry Kane became the fastest to 100 Bundesliga goals, converting a 39th-minute penalty against Union Berlin in what was only his 99th match.

Horse racing returned to Belmont Park on Friday after a three-year, $550 million rebuild, with a sellout crowd of 6,000 watching the filly Lisa Joy take the first race.

Utah Jazz guard Keyonte George agreed to a five-year, $157.5 million extension carrying no team or player option, finalized Friday after months of negotiation.

Carson Wentz will start Sunday for the Vikings against Chicago, coach Kevin O'Connell said, while Kyler Murray works back from the concussion he suffered in Week 1.

Duncan Sheik, the songwriter behind "Spring Awakening," died Thursday night at 56, according to a post on his Instagram page; he first broke through with the radio hit "Barely Breathing."

Princess Diana's brother Earl Spencer defended his book's account of a phone call with King Charles after her death, after Buckingham Palace suggested grief can color memory for years.

Writer and director Walter Thompson-Hernández opened "If I Go Will They Miss Me" in US theaters Friday, a film sparked by jet fuel dumped over the working-class city near LAX where he grew up.

What it is: Sulfur is an unglamorous input into phosphate fertilizer, which is an unglamorous input into nearly everything you eat. Its price has gone vertical. NPR's Indicator newsletter reports this week that a ton sold for $46 in 2024 and $180 in 2025, and that spot prices in July crossed $1,000 per metric ton.

The detail: The squeeze is geographic. Several major suppliers sit in the Middle East, Iran among them, and that supply is stuck behind the closed Strait of Hormuz. Russia is another large producer, but its exports are barred from many markets.

So buyers are turning to American sellers, and prices here are climbing too. Mosaic, the phosphate producer, has already idled two Louisiana facilities, affecting 300 families, and expects phosphate fertilizer use to fall significantly.

Why it matters: Fertilizer costs never show up at the register right away. They show up a planting season later. There is no single number tying sulfur directly to food inflation, but Oxford Economics — pointing at higher diesel and fertilizer costs — projects global food prices rising another 4.8% in 2027.

What to watch: Hormuz is the variable that dominates all the others. Watch Mosaic's idled Louisiana plants for any restart, watch how much phosphate farmers skip in the coming season, and watch whether that 2027 forecast moves. An input almost nobody tracks has quietly become a leading indicator of dinner.

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Manitoba is joining the growing club of Canadian provinces ditching the clock change, after 72,000 residents were surveyed and most agreed that springing forward is deeply annoying.

Harry Styles quietly picked up the tab for every customer at two London cafes on Saturday, turning Kaffeine's morning queues into an accidental celebrity fan event powered by free flat whites.

Elon Musk spent the week talking up AI safety while fighting AI regulation, agreeing with the CEOs of Anthropic and OpenAI, and getting contradicted by both President Trump and Jensen Huang.

Chile's first governing junta is formed in Santiago (1810) · The CBS radio network debuts with 16 stations and a Metropolitan Opera broadcast (1927) · UN Secretary-General Dag Hammarskjöld is killed in a plane crash near Ndola (1961) · Voyager 1 captures the first single-frame image of Earth and the Moon (1977)

"Never measure the height of a mountain until you have reached the top. Then you will see how low it was." — Dag Hammarskjöld, UN Secretary-General, in Markings

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—The Five Minute Daily Team