How Iran Devastated an American Naval Base in the Middle East

P.M. Edition for June 26. Iran’s missiles and drones have inflicted extensive damage on the U.S.’s naval base in Bahrain—destruction that the Pentagon hasn’t publicly acknowledged. The WSJ’s Shelby Holliday walks us through an exclusive analysis of the strikes, and how they’ve pushed the U.S. to recalculate its military’s footprint in the region. Plus, two U.S. senators call for regulators to open an investigation into Polymarket’s deceptive marketing practices following the Journal’s reporting on social-media promotion of fake bets. And Volkswagen is working on a radical overhaul that will likely result in thousands of additional job losses. We hear from Journal European autos reporter Stephen Wilmot about the carmaker’s challenges. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter.