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President Trump backs suspending the federal gas tax.
Plus, the administration's newest attempt to tackle record beef prices.
And meet the guy responsible for getting planes back to their owners after an airline shuts down.
It's not like anybody can just go to an airport and say, I'm here to repossess a Spirit airplane.
It's Monday, May 11th.
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.
We begin with the latest on the Iran war, which has been in a fragile ceasefire for more than a month.
President Trump told reporters in Washington today that he had rejected Iran's response to a proposal for ending the war.
I would say the ceasefire is on massive life support.
And in the Gulf, we're exclusively reporting that the United Arab Emirates has carried out military strikes on Iran.
Iran has targeted the UAE more than any other country,