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Airfares for U.S. Flights skyrocket as the Iran war takes its toll.
Plus, the White House considers whether new AI models pose a national security risk.
And tough luck if you're a millennial waiting for a big payout from mom and pop.
Americans over 55 control most wealth.
And, you know, a lot of those folks could have decades left to live.
So this idea that there 's going to be this massive windfall for younger Americans
is something that is just not really happening.
In mass yet.
It's Tuesday, May 5th.
I'm Daniel Bach for The Wall Street Journal, filling in for Luke Vargas.
And here is the AM edition of What's News, the top headlines and business stories moving your world today.
The US and Iran are teetering on the edge of a new dangerous phase of the war,
with both countries returning to military force to try to break the standoff in the Strait of Hormuz.
Tehran has fired at US warships trying to revive commercial shipping in the strait,
testing President Trump's desire to end the war.
US officials say Trump has been weighing two competing impulses for days,