Here are today's headlines – the latest news in the Philippines and around the the world:<br />- China ups ante, says it has audio recording of ‘new deal’ arrangement with PH Wescom chief <br />- Marcos’ Partido Federal, Lakas-CMD forge alliance for 2025 elections<br />- Finally, Supreme Court defines red-tagging as a threat <br />- Hundreds flock to Bangko Sentral to claim ‘hidden wealth’ <br />- Steadily improving, Bianca Bustamante earns maiden podium finish in 2024 F1 Academy<br /><br />https://www.rappler.com/video/daily-wrap/may-8-2024/