Flying Out of the U.S. Now Costs 50% More
5/5/202613 min
A.M. Edition for May 5. The Trump administration is weighing a new government-review process for AI tools that could pose cybersecurity risks, in response to Anthropic’s powerful Mythos model. Plus, oil prices are slipping even as fresh attacks from Iran risk a further escalation in the war. But those higher fuel prices have already made their mark, pushing some U.S. airline ticket prices up 50%. And older Americans are sitting on $110 trillion of wealth. WSJ reporter Rachel Louise Ensign says they’re also living longer, meaning “the great wealth transfer” isn’t happening anytime soon. Daniel Bach hosts. Sign up for the WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices
Clips
Transcript preview
First 90 secondsSpeaker 00:00
Okay. When I sell my business, I want the best tax and investment advice. I wanna help my kids, and I wanna give back to the community. Ooh, then it's the vacation of a lifetime. I wonder if my out of office has a forever setter.
Speaker 10:15
An IG private wealth advisor creates the clarity you need with plans that harmonize your business, your family, and your dreams. Get financial advice that puts you at the center. Find your advisor at igprivatewealth.com.
Daniel Bach· Host0:29
[upbeat music] Airfares for US 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.
Rachel Louise Ensign· Guest0:47
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 en masse yet.
Daniel Bach· Host1:03
It's Tuesday, May fifth. I'm Daniel Bock 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