2026-05-06
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President Trump downplays Iran's latest attacks, worrying U.S. Allies in the Gulf.
Plus, Beijing is using regulatory aggression to push back against the U.S.
The people I talk to around the Chinese leadership keep telling me that Xi Jinping thinks he 's,
quote, cracked a code on Trump.
And flavored vapes have become a point of tension between President Trump and the FDA.
It's Tuesday, May 5th.
I'm Alex Osula for The Wall Street Journal.
This is the PM edition of What's News, the top headlines and business stories that move the world today.
This evening's show in the Middle East, where fighting has picked up again this week.
That includes missiles and drones that Iran's firing at the United Arab Emirates,
as well as attacks on commercial ships and American warships.
During a press conference this morning, Defense Secretary Pete Hegseth downplayed the attacks
and said the ceasefire holds for now.
Ultimately, the president's going to make a decision whether anything were to escalate into a violation of a ceasefire,
but certainly we would urge Iran to be prudent.
Hours after Hegset's comments, the UAE said it was intercepting new attacks.