News Wrap: Sharp rise in inflation may have hit a peak, but remains near 40-year highs

Summary: In our news wrap Wednesday, the Labor Department's April consumer price report shows a slight drop in inflation increases amid 40-year highs, Hong Kong police arrested a Catholic cardinal for endangering China's national security, the Great Barrier Reef suffered its fourth mass-bleaching event in seven years and candidates backed by former President Trump had mixed results in Tuesday's primaries. PBS NewsHour is supported by - https://www.pbs.org/newshour/about/funders