Republican lawmakers close ranks around Powell, who spent years building ties in Congress. ‘He gets in there, pets the dog, shoots the breeze’
“He knows his way around Congress,” said Robert Tetlow, a former senior policy adviser at the Fed.
FORTUNE 
Bond yields jump after Trump hints Hassett won’t be named Fed chair as Wall Street sees hawkish Warsh having easier path to replace Powell
“I actually want to keep you where you are, if you want to know the truth,” Trump said at a White House event.
Trump doesn’t think there’s any reason ‘right now’ to use Insurrection Act in Minn., while Native Americans urged to carry ID due to ICE threat
Tribal leaders and Native American rights organizations are advising anyone with a tribal ID to carry it with them when out in public
Scott Bessent says Jerome Powell probe likely due to the chairman's 'construction incompetence'
Treasury Secretary Scott Bessent addresses the criminal probe into Fed Chair Jerome Powell over alleged lies to Congress about headquarters renovations.
FOX Business 
Kevin Hassett floats 'Trump card' proposal after pushback on credit card interest rate cap
Trump economic advisor Kevin Hassett said the administration is talking to banks about a "Trump card" that would expand credit access to consumers who merit credit but lack leverage.
Trump bought $1M in Netflix, Warner Bros. bonds after merger announcement
The president bought the bonds days after saying he’d be “involved” in deciding whether to approve the $83 billion deal.’
The Washington Post Business 
Trump takes aim at prescription drug 'middlemen' with new healthcare plan
President Donald Trump said he plans to eliminate pharmacy benefit manager kickbacks to lower drug prices and insurance premiums for Americans under his new healthcare plan.
F.A.A. Urges ‘Caution’ Over Oceans in Latin America, Warning of Military Activity
The Federal Aviation Administration released seven advisories warning pilots to stay away from parts of the Pacific Ocean near Mexico, Colombia, Ecuador and Panama.
NYT Business 
Edison Files Claims Against Los Angeles County and Others on Eaton Fire
Southern California Edison said its equipment most likely started the Eaton Fire but asserted that government agencies and other businesses shared liability for the devastation.
LARRY KUDLOW: Will free-market capitalism, Trump style, come to Davos?
Let’s not make this economic boom story any harder than it needs to be. Growth solves a lot of problems
WestJet Backpedals on Economy Seats That Don’t Recline
WestJet, Canada’s second-largest carrier, backpedaled on a new seating plan after videos of crammed travelers went viral on social media.
ChatGPT tests ads as a new era of AI begins
Ads are coming to the bottom of ChatGPT’s answers for certain users—as the $500 billion startup looks to offset the massive costs of offering generative AI services.
An OpenAI researcher turned venture capitalist says investors are 3 to 5 years behind the latest AI studies
Jenny Xiao, who founded Leonis Capital in 2021, said AI needs more investors who understand frontier AI technology.
Business Insider Oprah has endured as a weight-loss icon. Not even GLP-1s can change that.
Media mogul Oprah Winfrey is poised to change how we talk about the GLP-1 trend. It's part of the 'Oprah Effect' on wellness.
As Trump throws a bone to Gen Z on student debt, watchdog calls it an ‘incoherent political giveaway,’ straight out of Biden’s playbook
Student-debt collections are being halted again, as they have for over half a decade now.
California sends xAI cease-and-desist letter, saying it must stop allowing sexualized deepfake images of minors
California's Attorney General sent a cease-and-desist letter to xAI to prevent Grok from continuing to create sexualized deepfake images of children.