- Trump Fires Acting Attorney General, Deepening U.S. Immigration Conflict (BBG)
- Trump set to name U.S. high court pick as Democrats plan fight (Reuters)
- Bonds Slump as Stocks Gain Favor (BBG)
- Euro-Area Inflation Surges to 1.8%, Intensifying ECB Debate (BBG)
- Trump Must Choose Between Farmers and ‘Big Meat’ (BBG)
- As Trump shifts immigration and foreign policies, State Department is silent (Reuters)
- Deutsche Bank’s Bill for Russia Trades Reaches $629 Million (BBG)
- U.S. funds recommend cutting equity allocations in January (Reuters)
- DeVos Set to Take Over System Where Test Scores Have Stalled (WSJ)
- Pressure on Mitch McConnell to Get Nominee on Court (WSJ)
- Teva Plunges After U.S. Judge Invalidates Four Copaxone Patents (BBG)
- How Howard Schultz Earned More Than Half a Billion in Nine Years (BBG)
- Under Armour Tumbles After Fourth-Quarter Sales Miss Estimates (BBG)
- Adelson Pulls Out of Las Vegas Stadium Plan (WSJ)
- Netanyahu to Discuss Renewed Sanctions on Iran With Trump (BBG)
- Google Employees Rally in Thousands Against Trump Immigration Ban (BBG)
- That ECB Taper Might Just Sneak Up on Us (BBG)
- College Endowments Lose 1.9% in Worst Showing Since 2009 (BBG)
Overnight Media Digest
WSJ
– The White House on Monday fired acting Attorney General Sally Yates for telling government lawyers not to defend an executive order signed by President Donald Trump suspending immigration from seven countries out of concerns that terrorists from those countries might enter the United States. http://on.wsj.com/2joU867
– President Donald Trump will amend a recent executive action so he can add Central Intelligence Agency director Mike Pompeo into a role on the National Security Council, White House spokesman Sean Spicer said Monday. http://on.wsj.com/2joZBdb
– President Donald Trump has selected a nominee for the U.S. Supreme Court and will introduce him to a national television audience Tuesday evening, a crucial early moment for his administration that could shape American law for decades. http://on.wsj.com/2jp2wlT
– Facebook Inc’s chances of getting back into China appeared to take a rare turn for the better when an employee noticed an official posting online: Beijing authorities had granted it a license to open a representative office in two office-tower suites in the capital. http://on.wsj.com/2kb2awz
– Just months after completing the breakup of aluminum giant Alcoa Inc, Klaus Kleinfeld is facing calls for his ouster. Several of the largest shareholders of Arconic Inc, the aerospace and automotive parts maker Kleinfeld now leads after its November split from Alcoa, are pressing the company to find a new chief executive. http://on.wsj.com/2kb46VO
– Walgreens Boots Alliance Inc and Rite Aid Corp agreed to reduce the amount Walgreens would pay for its rival by at least $2 billion, after the two companies struggled to get antitrust enforcers to bless the big drugstore deal. http://on.wsj.com/2kb4sf6
– Sony Corp said on Monday it would write down nearly $1 billion on its film and TV studio after a dismal year at the box office. http://on.wsj.com/2kaRZId
FT
* British foreign minister Boris Johnson on Monday defended the decision to invite U.S. President Donald Trump to London for a state visit, amid criticism prompted by Trump’s immigration policies.
* Twitter Inc announced a partnership with Sky Sports on Monday to livestream the UK football transfer deadline day.
* The chief executive of German rail operator Deutsche Bahn has unexpectedly stepped down, leaving the state-owned group after eight years in charge, Deutsche Bahn said in a statement on Monday.
NYT
– The reaction from major American companies to President Trump’s order on Friday restricting entry to the United States by citizens of seven predominantly Muslim nations and all refugees has ranged from silence to outrage. http://nyti.ms/2jxmBBM
– Amazon and Expedia stepped up their opposition to the immigration order with filings that were part of a lawsuit in federal court against the Trump administration, arguing that the order will hurt their businesses. http://nyti.ms/2jxnWbW
– In its latest controversy, Deutsche bank agreed to pay $425 million on charges it helped investors launder money through Moscow, New York and London. http://nyti.ms/2jxu041
– A lawsuit filed Monday accused three makers of insulin – Sanofi SA, Novo Nordisk and Eli Lilly & Co , of conspiring to drive up the prices of their lifesaving drugs, harming patients who were being asked to pay for a growing share of their drug bills. http://nyti.ms/2jxqWF6
– Concerns about regulatory approval have weighed on Walgreens Boots Alliance’s bid to buy a top drugstore rival, Rite Aid, as the two cut the price of the deal while pushing back the expected closing date by six months. http://nyti.ms/2jxsFdI
– Eike Batista, the fugitive oil-and-mining tycoon wanted in connection with Brazil’s far-reaching corruption investigation, flew home from New York on Monday and surrendered to the police, who placed him temporarily in a notoriously overcrowded prison. http://nyti.ms/2jxpsL6
Canada
THE GLOBE AND MAIL
** A young Quebec man stands accused of murder after a brazen assault on a Quebec City mosque that took the lives of six Muslim worshipers – a violent shooting condemned as “a terrorist attack” by Prime Minister Justin Trudeau that has rattled the country. tgam.ca/2jydqRw
** Canada’s campaign to save the International Criminal Court was given a boost on Monday when the African Union refused to give a key leadership post to a strong opponent of the controversial court. tgam.ca/2jpWcL5
NATIONAL POST
** As backlash continues over a Trump administration immigration ban on citizens of seven Muslim-majority countries, some Conservative Party leadership candidates are suggesting the policy creates a new backdrop to their federal leadership race. bit.ly/2kaVpKU
** On Monday, an open letter was published, signed by 150 people from Canada’s leading tech companies and accelerators, denouncing President Trump’s executive order barring travellers from Muslim-majority countries and calling on Ottawa to offer visas to anyone displaced by it. bit.ly/2jQbt48
Britain
The Times
– Deutsche Bahn AG Chief Executive Officer Rudiger Grube quit with immediate effect after failing to be offered a three-year extension of his contract, which paid 900,000 euros ($963,000) per year. With bonuses his pay came to 1.4 million euros ($1.50 million) in 2015. http://bit.ly/2jOXFqA
– Vodafone Group Plc said that it was “in discussions” about an all-share merger with Idea Cellular Ltd . Folding the two companies together would create a market-leading network with more than 370 million users in India. http://bit.ly/2jPhfCR
The Guardian
– Weetabix has warned that it may become the latest consumer brand to raise prices this year as a result of the pound’s slump since the Brexit vote. The breakfast cereal manufacturer said if prices were to go up, the increases would probably be in the “low single digits”. http://bit.ly/2jPh3DH
– A group of six financiers including a former senior HBOS banker face jail after being convicted on Monday for their roles in a scam involving 245 million pounds ($306.10 million) worth of fraudulent loans. http://bit.ly/2jPr6IP
The Telegraph
– HgCapital Trust Plc has sold Leeds-based vehicle hire business Zenith to private equity peer Bridgepoint for 750 million pounds ($938 million). Zenith, which leases cars and provides services such as breakdown cover to various blue-chip companies, is the largest independent vehicle leasing business in the United Kingdom. http://bit.ly/2jPayRr
– Britons remained upbeat about their career prospects amid an increase in real incomes and a still buoyant jobs market, as consumers shrugged off the Brexit vote. Five of Deloitte’s six measures of consumer optimism rose in its latest quarterly survey, even as its overall confidence barometer edged down in the final quarter of 2016 compared with the previous three months. http://bit.ly/2jPkni5
Sky News
– Campaigners have failed in a legal bid to block the prospect of a third runway at Heathrow Airport. An alliance of councils and Greenpeace UK was seeking clearance for a judicial review of the Government’s support for the expansion. http://bit.ly/2jPc4mF
– British Columbia Investment Management Corporation will announce on Tuesday that it has agreed to buy a majority stake in Hayfin Capital Management in a deal worth about 215 million pounds. http://bit.ly/2jPg4Do
The Independent
– Standard Chartered Plc hired former boss of the Financial Conduct Authority, Tracey McDermott, to oversee regulation. McDermott has become the latest in a long line of senior public officials who have secured lucrative employment in the private sector. http://ind.pn/2jPk8n7
via http://ift.tt/2jQP9Hi Tyler Durden