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NPR News: 05-07-2026 7AM EDT

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EN

Line from NPR News in Washington, on Corva Coleman, officials in Mississippi ...

structures have been damaged by a spade of overnight tornadoes.

The National Weather Service has confirmed several tornado sightings.

Emergency response officials say much of the damage was in southern Mississippi, teams are out trying to find people trapped in wreckage. Iran is considering a Trump administration proposal to end the war. The plan has not been disclosed. This comes after President Trump abruptly suspended U.S. operations to try to help commercial ships pass the Strait of Hormuz, it's blocked

by Iran. The U.S. has its own blockade of Iranian ports. U.S. command says U.S. forces disabled that Iranian flagged oil tanker in the Gulf of Oman yesterday. The tanker was warned it was violating the U.S. blockade.

Many oil companies have been reporting their earnings for the first quarter, that includes

the start of the war with Iran. Major producers have not indicated how they plan to boost oil production or whether they will boost oil production to fill the hole in the market. And Pierre's Camilla Dominozki reports that was created by the disruption in the Strait. Exxon is sticking with its planned production growth. Chevron is keeping output flat in the Permian basin in the U.S. and not chasing big expansion

in Venezuela yet. Here's Chevron's E.O. Mike worth. We could hit the gas and begin to grow it again, but I don't know what the future looks

like for right now. I think it's really steady as she goes.

Investors have been pushing companies to return money as dividends rather than sink it into new production. Some smaller independent oil companies are making a different calculation. Diamondbacks CEO, in its earnings this week, said quote, "If this isn't the time to grow now that I don't know when it is." Camilla Dominozki and Pierre news. Campaign staffers bet on their own candidates and made thousands of dollars on prediction

markets. As NPR's look at reports exclusively, these staffers use inside campaign information to bet with an edge and win big. Two campaign staffers granted anonymity for fear of retribution said the method is simple. Campaign staffers would get an unreleased poll. Use it to buy advantageous event contracts and then sell their contracts once the poll was released and their contract price soared.

One staffer admitted to doing this themselves. They won thousands and their bet was verified

by prediction market data reviewed by NPR. Current law bars prediction market betters

from using insider information to make money. But former commissioner at the Commodities Future Trading Commissioned, Kristen Johnson, doubted that the agency could police quote election positions. These bets raised serious questions about how campaign operatives can turn private information into a quick payday amid an unsettled legal landscape for prediction markets. Luke Garrett and Pierre news, Washington.

Unwallstreet in pre-market trading, doubt futures are higher. You're listening to NPR. Police in a suburb of Oklahoma City say they have arrested a man in connection with the deadly mass shooting last Sunday. Jalen Davis is accused in the shooting that left one woman dead and 22 others injured. Officials in several countries are hurriedly trying to trace passengers who were on a cruise ship where the rare hunt

of virus has been found. Three passengers have died and several others are sick. The cruise

ship operator says about 40 people disembarked after the first passenger died. Britain

is holding local election today. Voters are electing town councils across England and regional legislatures in Scotland and in Wales. The election results could have big implications for the United Kingdom overall as NPR's Lauren Freyer reports from London. Police show the far-right anti-immigration reform party and the left-wing environmentalist greens are forecast to win unprecedented numbers of seats on English town councils. They're

challenging the mostly two-party system, labor and conservative that's dominated Britain for a hundred years. Prime Minister Kier Stammer's Labor Party could lose the Welsh Parliament for the first time since its creation. Labor could even oust Stammer if results are seen as very bad and if the Scottish National Party and the Welsh Nationalist Party applied comery when their regions, it would put pro-independence parties in control of all of the

United Kingdom's non-English nations, Northern Ireland, Scotland and Wales, possibly hastening the breakup of the UK longer term. Lauren Freyer and PR News London, and I'm core of the Coleman NPR News in Washington.

This week on up first, gas prices just jumped 30 cents per gallon in a single week with

the Strait of Hormuz still closed the global energy shock as only getting deeper. Listen, for overnight developments on Iran plus, primearies in Ohio and Indiana as mid-term election season heats up. We'll have the very latest every morning. Enough first. Listen

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