Welcome back!

Here’s your must-read news this morning:

I’ve got all the details for you, so let’s dive in.

— Josh

MARKETS

(Credit: The White House)

Market Roundup

🏦 Economy

  • Editor’s Pick: Trump said the U.S. is negotiating "total access" to Greenland for national security, after a framework deal with NATO's Mark Rutte on the Arctic prompted him to drop planned tariffs on European nations. (FOX)

  • The European Parliament voted to block a proposed U.S.-EU trade deal. (TG)

  • Fed Governor Christopher Waller and BlackRock's Rick Rieder have emerged as dark horse choices for the next Federal Reserve chair. (BBG)

  • JPMorgan CEO Jamie Dimon claimed that Trump's proposed one-year 10% cap on credit card interest rates would be an "economic disaster." (INV)

  • Citadel CEO Ken Griffin called predictions of 50% entry-level white-collar jobs vanishing in five years “hype” used to justify data center spending. (X)

📈 Hot Stock Picks

  • Editor’s Pick: Seeking Alpha highlighted 10 top AI stocks poised for strong performance in 2026. (SA)

  • Morningstar recommended Microsoft and Bristol-Myers Squibb as top undervalued blue-chip stocks to buy and hold in 2026. (MS)

  • Bank of America analysts recommend three AI stocks, including Iren, as red-hot growth stocks for 2026. (MF)

  • Canaccord Genuity's Susan Anderson highlighted healthcare and beauty stocks, including Sally Beauty Holdings, as attractive picks. (BBG)

🏢 Industry

  • Editor’s Pick: Billionaires were duped by fake VIP passes at Trump's exclusive Davos venue space. (FBN)

  • Former Vice President Al Gore booed Commerce Secretary Howard Lutnick after his speech at a Davos dinner. (NYP)

  • Elon Musk, a surprise addition to the Davos agenda, will join BlackRock CEO Larry Fink for a panel discussion Thursday afternoon. (BI)

  • Ubisoft canceled six games, delayed seven others, closed studios in Stockholm and Halifax, and slashed its fiscal guidance. (IGN)

  • Smithfield Foods agreed to acquire iconic hot dog brand Nathan’s Famous in an all-cash deal valued at about $450 million. (BBG)

  • Disgraced Theranos founder Elizabeth Holmes has asked Trump for a pardon. (NYP)

  • Paramount Skydance plans to extend the January 21 deadline for its $30-per-share hostile takeover offer for Warner Bros. Discovery without raising the price. (NYP)

  • X launched Starterpacks, a company-curated feature offering pre-built lists of top accounts in categories like news, politics, fashion, and technology. (TC)

🛢️ Energy & Commodities

  • Editor’s Pick: Trump offered Silicon Valley a deal to build private nuclear plants for AI data centers with approvals in just three weeks. (FOR)

  • Bipartisan lawmakers introduced the SECURE Act to create a new authority for a $2.5 billion critical minerals stockpile. (MIN)

  • Valero Energy purchased a cargo of Venezuelan crude from Vitol at a discount of $8.50 to $9.50 per barrel to Brent. (INV)

  • Goldman Sachs raised its end-2026 gold price forecast to $5,400. (RTS)

  • Cocoa futures are on track for their worst monthly percentage drop on record. (ZH)

🌕 Crypto

  • Editor’s Pick: Decentralized social media infrastructure firm Neynar acquired Farcaster. (TB)

  • The crypto market structure bill will be likely delayed for weeks by the Senate Banking Committee after Coinbase pulled its support. (CD)

  • Caroline Ellison, the former head of Alameda Research, will be released from custody on January 28. (FL)

  • BlackRock named crypto and tokenization as "themes driving markets" in 2026. (BR)

TECH

(Credit: Da Na/Pexels)

Tech Roundup

🧠 AI

  • ⭐ Editor’s Pick: Wall Streeters reveal their favorite AI tools and what they use them for. (BI)

  • Apple is developing a small, AirTag-sized AI-powered wearable pin. (MR)

  • Anthropic published a revised "constitution" for its Claude AI chatbot that shifts from rules to teaching broad ethical principles for better generalization. (FOR)

  • Amazon launched Health AI, an AI-powered assistant that provides personalized 24/7 health guidance based on medical records. (CNBC)

  • YouTube creators will soon be able to produce Shorts using their own AI-generated likeness. (VER)

  • Barrett Zoph, who rejoined OpenAI after cofounding Thinking Machines Lab, will lead the company's enterprise push. (TI)

  • ElevenLabs launched an album featuring AI-co-created original tracks with artists. (VAR)

  • A survey found that more than 40% of executives reported AI saving them over eight hours per week, while two-thirds of non-management employees said they saved less than two hours. (WSJ)

🤖 Robots

  • ⭐ Editor’s Pick: An inside look into OpenAI's renewed push into robotics. (BI)

  • Robots staged live presentations, including dancing, on the streets of Davos. (XIN)

  • Hangzhou opened its first AI robot restaurant, where over a dozen robots cook noodles. (CGTN)

  • Nvidia’s Jensen Huang said AI robotics is a "once-in-a-generation" opportunity. (CNBC)

🚀 Defense & Space

  • ⭐ Editor’s Pick: Trump's motorcade in Davos featured a newly spotted, heavily armored Cadillac Escalade presidential limousine operated by the Secret Service. (TWZ)

  • Blue Origin plans to build a 5,408-satellite megaconstellation to deliver ultra-high-speed connectivity. (SP)

  • The UK's Royal Navy and Leonardo achieved the first autonomous flight of a full-size helicopter with Proteus. (AM)

  • UAE-based SIRBAI unveiled the Middle East's first AI-powered autonomous drone swarm technology. (NGD)

💰Venture Capital

  • ⭐ Editor’s Pick: OpenAI CEO Sam Altman met with investors to line up funding for a new round totaling at least $50 billion at a $830 billion valuation. (BBG)

  • AI chip startup SambaNova Systems is seeking up to $500 million in new funding. (BBG)

  • Cybersecurity firm Claroty raised $150 million in a Series F round led by Golub Growth at a $3 billion valuation. (CTCH)

  • AheadComputing, a startup building a new chip design for faster AI, raised $30 million in funding led by Toyota. (SA)

FREEDOM

(Credit: White House)

Freedom Roundup

🏛️ Policy & Culture

  • Editor’s Pick: The Trump administration dropped an appeal of a judge's block on an executive order withholding federal funds from DEI programs. (AP)

  • A Wall Street Journal op-ed warned that EU and British censorship laws, with extraterritorial reach, directly threaten U.S. First Amendment free-speech protections. (WSJ)

  • The New York Times Magazine conceded how Hollywood's post-woke era sparked lively hits like Taylor Sheridan's "Landman." (NYT)

That's a wrap! You're officially caught up on all things tech, markets and freedom. Subscribe to CAPITAL below.

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DISCLAIMER: The CAPITAL newsletter is for informational purposes only and does not constitute financial, investment, or professional advice. Readers should conduct their own research and consult a qualified financial advisor before making investment decisions. The CAPITAL newsletter and its owner and operator, Josh Caplan, are not liable for any loss or damage resulting from reliance on this information. The CAPITAL newsletter is solely owned and independently operated by Josh Caplan, separate from any employer affiliations.

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