Daily brief
President Donald Trump has threatened to impose a 200% tariff on French wine and champagne to pressure French President Emmanuel Macron to join a proposed 'Board of Peace' initiative related to Gaza. At the World Economic Forum in Davos, European leaders, including Macron, criticized the threats as 'unacceptable'. In response, the European Union has halted the approval process for a major trade deal with the United States.
Financial markets dropped and the U.S. dollar fell to a two-week low following reports of Trump's interest in purchasing Greenland, with investors moving money away from U.S. assets in a move some traders called a 'sell America' trade.
OpenAI is developing its first physical device designed to run ChatGPT, with plans to launch it in 2026, marking a move into consumer hardware.
Microsoft CEO Satya Nadella warned that the AI boom could falter without wider adoption, while Elon Musk predicted work will become optional thanks to AI and robots.
U.S. forces seized a seventh sanctioned tanker linked to Venezuela in an effort to control its oil (ongoing coverage).