Pentagon Says Iran’s Military Actions ‘Below the Threshold’ for Restarting War

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Anthony Bansie· Host0:14

[Instrumental music] Here's your midday brief for Tuesday, May 5th. I'm Anthony Bansi for the Wall Street Journal. The Pentagon says Iran's recent military actions don't rise to the level of restarting the war. Iran has targeted American warships, and it's attacked other vessels in the Strait of Hormuz. Meanwhile, the United Arab Emirates says it's intercepting new attacks from Iran. Coinbase is cutting about 14% of its workforce, or roughly 700 people. Bitcoin and major crypto tokens have struggled to reclaim their 2025 highs, which has left Coinbase's business vulnerable to market swings. Coinbase's CEO, Brian Armstrong, also cited AI as a reason for the layoffs, saying that AI is changing how the company works. And sales of new single-family homes climbed in March. The report from the Census Bureau and the Department of Housing and Urban Development shows sales rose to 682,000. That beat expectations of economists polled by the Wall Street Journal. And the median sales price for new houses fell more than 5% from February to 387,400. Heads Up, an artificial intelligence tool, helped us make this episode by creating summaries