What the U.S. Government Is Doing With Its Stakes in Companies

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  The US government is now an activist investor.

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  How is the business community reacting?

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  Plus, Secretary of State Marco Rubio is in Rome trying to smooth things over with the Pope and Italy's leadership.

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  A lot of Italian officials, lawmakers, even those in the Vatican, see Rubio as Trump's Mr. Fix-It.

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  And French prosecutors seeking criminal charges for Elon Musk summon him to Paris.

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  It's Thursday, May 7th.

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  I'm Alex Osileff for The Wall Street Journal.

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  This is the PM edition of What's News, the top headlines and business stories that move the world today.

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  We begin this evening's show with a key insight into how people are spending their money,

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  thanks to the latest earnings from the world's biggest burger chain.

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  McDonald's has been doubling down on value meals and other low-cost menu items.

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  That's helping it bring people in.

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  Its first quarter revenue and profit beat Wall Street's forecast.

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