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NPR News Now

NPR News: 05-07-2026 6PM EDT

NPR News Now

NPR

News, Daily News

4.214.3K Ratings

🗓️ 7 May 2026

⏱️ 5 minutes

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NPR News: 05-07-2026 6PM EDT

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Transcript

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0:00.0

Live from NPR News in Washington, I'm Rylan Barton. U.S. officials say Iran launched multiple missiles,

0:07.1

drones, and small boats at three American warships transiting the Strait of Hormuz.

0:12.3

Central Command says it destroyed the threat and targeted Iranian military facilities,

0:16.8

including launch sites and command locations. Meanwhile, Iran has created a government agency to try to control and tax vessels passing through the straight.

0:25.8

The effort raises new concerns as hundreds of commercial ships remain bottled up in the Persian Gulf,

0:30.6

unable to reach the open sea.

0:32.9

The mayor of New York City and the head of one of the nation's largest hedge fund firms

0:36.9

are trading sharp

0:37.8

opinions over taxing the wealthy. NPR's Windsor Johnston reports the debate is raising broader

0:43.3

questions about how tax policy influences where companies choose to expand. Citadel CEO Ken Griffin

0:49.6

criticized Mayor Zohran Mamdani's proposal to tax luxury properties owned by wealthy part-time residents.

0:56.4

Mamdani argues the city's tax system favors the ultra-wealthy, while critics say New York is already near a tipping point on taxes for high earners.

1:05.7

Jared Walzak is with the center-right think tank, the Tax Foundation.

1:09.8

He says the state depends heavily on top earners for revenue.

1:13.2

New York State gets about 40% of its income tax revenue from the top 1%.

1:17.6

You lose some of those people.

1:19.2

You lose a lot of tax revenue.

1:21.3

Walsack says the proposal itself is relatively narrow,

1:24.5

but says concerns over future tax increases could be a deterrent for some

1:29.1

companies. Windsor Johnston and PR News. The Postal Service is considering a rule change that

1:34.4

would allow anyone to send handguns through the mail for the first time in nearly 100 years.

1:39.8

A 1927 law prohibits the shipment of handguns through the USPS unless they're from licensed retailers.

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