Can Bill Ackman create a Berkshire Hathaway rival?

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• 00:34

  Good morning from the Financial Times.

• 00:36

  Today is Friday, May 16th, and this is your FT News Briefing.

• 00:40

  Japan has made it very clear it won't settle for a meh trade deal.

• 00:45

  And Bill Ackman is trying to do his best Warren Buffett impression.

• 00:50

  Berkshire replicas either fail or come and go, the real advantages that Buffett's built.

• 01:02

  Plus, we'll take a look at the first round of Polish elections coming up this weekend.

• 01:06

  I'm Marc Filippino, and here's the news you need to start your day.

• 01:20

  Japan looks like it's going to hold out on a trade deal with the U.S. until it gets better terms.

• 01:26

  And in this case, Tokyo is pushing to remove U.S.

• 01:29

  President Donald Trump's 25% tariffs on Japanese cars.

• 01:33

  Prime Minister Shigeru Ishida started out fast.

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