Evening Wire: Shots Fired Near White House & Is GameStop Buying eBay? | 5.4.26

Evening Wire recaps a diverse set of developments on May 4, including U.S. military moves in the Strait of Hormuz, GameStop's aggressive bid for eBay, a new FDA drug access option for pancreatic cancer patients, and scattered incidents from a White House shooting to a cruise ship outbreak.

Strait of Hormuz Standoff

President Trump launched Project Freedom over the weekend, a military effort to escort stranded ships through the Strait of Hormuz amid ongoing tensions. Iran responded forcefully, with Ibrahim Azizi, head of Iran's Parliament's National Security and Forward Policy Committee, posting on X that the strait would not be managed by Trump's "delusional posts" and warning that U.S. involvement violates the ceasefire. The dispute has unsettled global markets and energy supplies, with risks of oil disruptions and economic fallout, though negotiations persist. Separately, the UAE reported intercepting 12 ballistic missiles via its air defenses and shifted schools to remote learning through May 8 due to the regional instability.