India Strikes Pakistan, Escalating Kashmir Standoff

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• 00:03

  India hits Pakistan with military strikes, ratcheting up tensions between the nuclear-armed states.

• 00:10

  Plus, the U.S. and China schedule talks in a trade war first.

• 00:14

  My sense is that this will be about de-escalation, not about the big trade deal.

• 00:21

  But we've got to de-escalate before we can move forward.

• 00:26

  And Novo Nordisk cuts its guidance as copycat versions of Ozempic hit sales.

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  It's Wednesday, May 7th.

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  I'm Luke Vargas for The Wall Street Journal, and here is the AM edition of What's News,

• 00:39

  the top headlines and business stories moving your world today.

• 00:46

  The confrontation between India and Pakistan has intensified after India carried out strikes on nine sites in Pakistan overnight,

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  and Pakistan claimed to have shot down five Indian aircraft.

• 00:59

  The fighting came despite diplomatic efforts by the U.S. to dial back tensions between the nuclear-armed neighbors,

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  which have fought several wars over the disputed Kashmir region.

• 01:10

  Tripti Lahiri is The Wall Street Journal's South Asia bureau chief.

• 01:15

  Tripti,

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  India is claiming these strikes were retaliation for an incident in April when gunmen killed more than two dozen people in a popular tourist spot within Indian-administered Kashmir.

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  Prime Minister Narendra Modi had vowed justice and deployed troops to hunt down the assailants,

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  which India had accused Pakistan of having links to.

• 01:34

  So I guess we expected some sort of response here.

• 01:37

  What do you make of what we've now seen?

• 01:40

  So I think we were expecting some sort of airstrikes.

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