A.M. Edition for May 4. President Trump announces a <a href="https://www.wsj.com/world/middle-east/trump-says-u-s-will-guide-stranded-ships-through-strait-of-hormuz-09e0d7cf?mod=WSJ_WNPOD">new plan for opening</a> the Strait of Hormuz - but <a href="https://www.wsj.com/livecoverage/stock-market-today-dow-sp-500-nasdaq-05-04-2026?mod=WSJ_WNPOD">traders seem unconvinced</a>, sending oil prices higher. Plus, <a href="https://www.wsj.com/business/deals/gamestop-is-offering-to-buy-ebay-for-56-billion-ceo-ryan-cohen-says-fd330f5a?mod=WSJ_WNPOD">GameStop</a> makes a massive play for e-commerce giant Ebay. And a <a href="https://www.wsj.com/finance/investing/polymarket-kalshi-betting-profits-prediction-markets-eb23ac11?mod=WSJ_WNPOD">Journal investigation</a> reveals why most prediction market bets end in a loss. WSJ’s <a href="https://www.wsj.com/news/author/neil-mehta">Neil Mehta</a> details the winners and losers of platforms like Kalshi and Polymarket - and why the odds are worse than a Vegas slot machine. Daniel Bach hosts.

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