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UK Conservatives are punished at the polls, plus we'll crunch the numbers from apples,

earnings, and survey the rapid end to work from home.

Meta comes to mind a pioneer in remote work. They've recently frozen new applications for

remote work, and when Meta says we're not so into the remote work anymore, I think that really

sends a signal of where we're headed. It's Friday, May 5th. I'm Luke Vargas with the Wall Street

Journal, and here is the AM edition of What's News, the top headlines and business stories

moving your world today.

We begin in the UK, where the ruling Conservative Party has been dealt a major political setback

in local elections. Results are still trickling in this morning, and while Prime Minister Rishi

Sunak was not on the ballot, our correspondent Max Colchester told me that the vote suggests he

could face an uphill battle ahead of the UK's next general election.

So this is a gaulling result for Sunak, who has essentially since coming to power last four,

has tried to steady the ship after a fairly chaotic year for the Conservative Party, which saw both

former Prime Minister Boris Johnson and Liz Truss ousted by its own members. He's tried to tackle

the core issue of the day, which is an economic one, which is how to get a grip on rampant

inflation in the UK, which is really hitting a lot of traditional Conservative voters in the

pocket very hard, while dealing with a number of issues such as illegal immigration and huge

waiting lists for nationalised healthcare here. But the vote today will show that there is real

anger against the Tory Party, who are seeking a record fourth term in office since they were first

...