Here's your midday brief for Thursday, May 14th.

I'm Pierre Bienname for the Wall Street Journal.

Honda reported its first annual loss as a listed company today.

The Japanese carmaker lost the equivalent of $2.7 billion in the fiscal year that ended in March.

Honda says that about $10 billion worth of electric vehicle losses weighed on its results.

It's given up on its main EV plans in the U.S., but Honda says that its core business of selling gas-powered cars remains profitable,

and it expects profit of more than $1.6 billion in the current fiscal year.

The online brokerage Interactive Brokers is expanding its prediction market offerings.

It's launching a platform for users to place yes or no bets through its existing

ForecastX exchange, as well as through Kalshi and CME group.

People can bet on elections, climate, and the economy.

The company's chairman and founder, Thomas Petterfey, said he expects more institutional investors to enter prediction markets

once there is enough liquidity to support their trades. And British Prime Minister Kier-Starmer

is facing growing pressure to resign after one of his most senior cabinet ministers quit.

Health Minister West Streeting is seen as one of the leading likely candidates to replace Starmor. In his resignation

letter, he said change was needed at the top. Last week, Starmor led the Labor Party to its worst

results in local elections in decades, and more than 90 of his fellow lawmakers have called on him to quit.

So far, he has said he won't resign, arguing that the country doesn't need its sixth prime

minister in seven years. Heads up, an artificial intelligence tool helped us make this episode

by creating summaries that were based on WSJ reporting and then reviewed and adapted by an editor.

We'll have more coverage of the day's news on the WSJ's What's News podcast.

You can add it to your playlist on your smart speaker or listen and subscribe wherever you get your podcasts.

...