ECB’S KAZIMIR SIGNALS THAT TIGHTENING IN JUNE IS NEARLY CERTAIN

- Berkshire Hathaway on Saturday held its first annual meeting since Warren Buffett left the chief executive role at the start of the year. CEO Greg Abel addressed everything from artificial intelligence to Berkshire’s equity portfolio, all while aiming to show he would run Berkshire in a similar fashion to his predecessor. - Spirit Airlines ceased operations early Saturday after the budget airline failed to get its bond investors behind a $500 million government bailout deal. - President Donald Trump said yesterday that the U.S. will try to “free” ships that have been stuck in the Strait of Hormuz since the Iran war began. Trump did not elaborate how the effort, which he said would begin this morning, would be run or how military forces would be involved. - Kevin Warsh, Trump’s nominee to lead the Federal Reserve, seems to have his own take on the independence of the central bank. Six former central bank leaders said that Warsh’s comments during his Senate confirmation hearing last week were unclear and confusing at best, and worrisome at worst. Yet the officials said they were not ready to come to conclusions about Warsh’s potential leadership.

伊朗法尔斯通讯社：两枚导弹击中美国军舰。