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Politicians push for more resources to investigate mysterious drone sightings over the east coast.

Plus, Apple plans foldable iPhones to revive sagging growth and Wall Street bets billions on rental home

development.

More millennials are aging into their prime home buying years.

They're starting families and looking to move into these coveted suburban neighborhoods near good schools.

Some are renting by choice, but more and more are having to sort of rent by force.

It's Monday, December 16th.

I'm Luke Vargas for the Wall Street Journal, and here is the AM edition of What's News,

the top headlines and business stories moving your world today.

The U.S. government is sending a drone detection system to New York to assist state and federal

law enforcement in investigating a recent

surge in drone sightings. That's according to New York Governor Kathy Hokel, who joined a list of

other lawmakers in calling on the Biden administration to do more to look into the drone activity

over parts of the East Coast, which briefly shut down an airport north of New York City on Friday

and has sparked public concern. In a joint statement, the FBI and Department of Homeland Security

said there's no evidence of a national security or public safety threat stemming from the drones

and that many reported sightings were in fact manned aircraft.

However, New York Senator Chuck Schumer pushed back on that assessment yesterday.

Here he was, courtesy of WNYW Fox 5NY.

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