Missiles Target U.A.E., Ships Attacked as Fighting Threatens Iran Cease-Fire
5/4/202612 min
P.M. Edition for May 4. Fighting in the Middle East flared up for the first time in weeks. Senior video and national security correspondent Shelby Holliday discusses what it could mean for the fragile cease-fire in the Iran war. Plus, WSJ’s Liz Young reports on how Amazon is betting on its global supply chain as its next big growth engine. And Journal markets reporter Jack Pitcher explains why there’s a growing appetite for actively managed ETFs–and why that’s benefiting asset managers. Sabrina Siddiqui hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices
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First 90 secondsSpeaker 00:00
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Sabrina Siddiqui· Host0:05
[upbeat music] Iran strikes a key oil port and attacks US warships and commercial ships, testing a shaky Middle East ceasefire. Plus, Amazon is making its shipping and logistics network available for hire.
Liz Young· Guest0:22
Amazon has built the supply chain for itself as a major online retailer, and now this move will in earnest put it up against some of the largest third-party logistics companies in the world.
Sabrina Siddiqui· Host0:35
And demand is rising for actively managed ETFs, and so are the fees for BlackRock and other asset managers. It's Monday, May 4th. I'm Sabrina Siddiqui for the Wall Street Journal, filling in for Alex Osula. This is the PM edition of What's News, the top headlines and business stories that move the world today. [upbeat music] We start our show today with the Middle East. Fighting in the Iran conflict has flared up again after weeks of relative calm, and that's straining a ceasefire that was already fragile. The United Arab Emirates reported missile and drone attacks on its key oil hub, while US military forces intervened to protect commercial shipping in the region. During a call with reporters today, US Central Command Admiral Brad Cooper said Iran has attacked several ships.
Brad Cooper· Soundbite1:27
We know for certain we've been able to defeat an