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Situational awareness:

  • Tesla will cut 7% of its full-time workforce so the company can sell the Model 3 sedan at a lower price, CEO Elon Musk told employees this morning. The news follows a 9% staff cut in June. (WSJ)
  • A top North Korean negotiator is expected to meet with U.S. Secretary of State Mike Pompeo and potentially President Trump on Friday about a possible second U.S.-North Korea summit. (Reuters)
  • Trump is also pulling the full U.S. delegation out of Davos (Bloomberg)
  • After filing criminal charges against Goldman Sachs in December, Malaysia said it may consider absolving the bank of blame for its role in the 1MDB scandal for $7.5 billion. (Bloomberg)
  • U.S. refiners are bidding up prices for certain types of crude oil as Trump administration officials weigh further sanctions on Venezuela that include banning U.S. exports or limiting oil imports. (Reuters)

Days without a factual error: 3