- Trump heads back out on road for ‘thank you’ tour (AP)
- For Europe’s Unity, 2017 Will Be a Year of Reckoning (WSJ)
- Oil dips as OPEC, Russian output rises ahead of production cut (Reuters)
- The Pessimist’s Guide to 2017 (BBG)
- Donald Trump’s Message Sparks Anger in China (WSJ)
- Brazil’s Reform Plan in Disarray After Senate Chief Removed (BBG)
- China urges U.S. to block transit by Taiwan president (Reuters)
- Wooed by Trump, Taiwan Trembles (WSJ)
- SoftBank’s Son Said to Plan Meeting With Trump in New York (BBG)
- Syrian government, ally Russia warn rebels in city of Aleppo (AP)
- Blackstone Going Public on $10 Billion Foreclosures Bet (WSJ)
- A Cheat Sheet on the Deglobalization of the Financial World (BBG)
- One Historic Lens Says Trump Stock Market Lovefest Just Starting (BBG)
- U.S. ‘Disappointed’ by Japan’s Plan to Cut Drug Costs (WSJ)
- Family’s $29 Billion Fortune Claim Denied Amid India’s Tax Hunt (BBG)
- Orban allies tighten media grip ahead of Hungary election (Reuters)
- U.S. seeks to reassure Beijing after Trump call with Taiwan leader (Reuters)
- Theranos Foresaw Huge Growth in Revenue and Profits (WSJ)
- Rouhani says Iran will not let Trump rip up nuclear deal (Reuters)
- Danish police arrest suspect after policeman shot in head (Reuters)
Overnight Media Digest
WSJ
– The verbal confrontation between President-elect Donald Trump and the Chinese government escalated on Monday, as China responded harshly to attacks by Trump on its economic and security positions. http://on.wsj.com/2ge4jXO
– Amazon.com Inc unveiled Monday its first small-format grocery store, Amazon Go, one of at least three brick-and-mortar formats the online retail giant is exploring as it makes a play for an area of shopping that remains stubbornly in-store. http://on.wsj.com/2haHTIQ
– The euro rallied from early losses following Italian voters’ rejection of government-backed constitutional changes, but the volatile day raises concerns about how the currency survives an era of populist politicians and diverging economies. http://on.wsj.com/2h1qv8W
– A day after the Obama administration put the brakes on a Midwest oil pipeline by denying a permit needed to finish the route, a spokesman for President-elect Donald Trump said the incoming administration supports completing the project. http://on.wsj.com/2gZxrRe
– President-elect Donald Trump said he will nominate retired neurosurgeon Ben Carson as secretary of the U.S. Department of Housing and Urban Development, a move that would place a former political adversary with little housing-policy expertise in a key administration post. http://on.wsj.com/2h9PXt5
– Investor materials show Theranos projected revenue of nearly $2 billion and net income of about $505 million this year. http://on.wsj.com/2h1bCmU
– Euroskeptic parties vary in their prescriptions but are putting pressure on mainstream politicians to address perceived flaws in the EU and common currency. Elections next year in several European nations will go far to determine the fate of continental integration. http://on.wsj.com/2h9SPSS
– New Zealand is facing a leadership contest following the surprise resignation of Prime Minister John Key that will pit his deputy, a former party leader, against at least two other prominent members. http://on.wsj.com/2gXlCe2
– The U.S. Senate Monday cleared the final hurdle to passage of broad legislation aimed at boosting federal funds for biomedical research and speeding up government approval of drug and medical-devices, a goal pursued by the pharmaceutical industry over the objections of some consumer advocates. http://on.wsj.com/2gXkjMl
FT
Britain’s government is listening closely to the financial services sector’s Brexit concerns, said finance minister Philip Hammond and the minister in charge of the process for the country’s exit from the European Union, David Davis.
British Transport Minister Chris Grayling will say in a speech on Tuesday that he wants Network Rail to share responsibility for running railway tracks with other operators.
Euro zone finance ministers agreed on Monday on some debt relief for Greece, but were divided on reforms it must undertake to reach fiscal targets, leaving it unclear if the International Monetary Fund will join the Greek bailout programme.
Britain is beginning to prepare its new World Trade Organisation membership terms ahead of its exit from the European Union and will seek to closely replicate the existing EU ones, Trade Minister Liam Fox said on Monday.
Web giants YouTube, Facebook, Twitter and Microsoft will step up efforts to remove extremist content from their websites by creating a common database.
NYT
– Amazon has created a small grocery store in Seattle that will allow customers to take drinks, prepared meals and other items off shelves and walk out without having to wait in a checkout line. It planned to open the store to the public early next year and that it would offer chef-made meal kits with ingredients for quickly preparing dinners at home. http://nyti.ms/2gx5Wxx
– Facebook, Google, Twitter and Microsoft said they have teamed up to fight the spread of terrorist content over the web by sharing technology and information to reduce the flow of terrorist propaganda across their services. The group plans to create a kind of shared digital database, “fingerprinting” all of the terrorist content that is flagged. By collectively tracking that information, the companies said they could make sure a video posted on Twitter, for instance, did not appear later on Facebook. http://nyti.ms/2gxbzvv
– The international oil industry agreed to pay billions of dollars to the Mexican government for rights to drill in the country’s portions of the Gulf of Mexico. The companies made a big bet that oil and natural gas prices would eventually rebound enough to make additional exploration and drilling profitable. The sale was a validation of Mexico’s decision to open its former government-monopoly energy business to foreign investment and expertise. http://nyti.ms/2gxajIO
– Uber acquired artificial intelligence start-up Geometric Intelligence. The new research arm will be called Uber’s A.I. Labs and all 15 people from the start-up will be absorbed by Uber. Uber said it hoped that through the acquisition, the new team could harness the wealth of data it collects from the millions of daily Uber rides. http://nyti.ms/2gxdTTf
Britain
The Times
Tata Steel Ltd says it has made significant commitments to more than 4,000 workers at the Port Talbot steelworks in south Wales, which has spent the past eight months under threat of closure. Rather than close one of the two blast furnaces at the steelworks, which many believe Tata has been considering as part of a merger of its European operations with ThyssenKrupp, of Germany, it is believed that the Indian-owned industrial group plans to keep staff employed into the next decade. http://bit.ly/2gZTM14
Shareholders at Independent News & Media Plc have voted overwhelmingly in support of restructuring measures despite protests from current and former staff whose pensions will be cut as a result. http://bit.ly/2gZSAL6
The Guardian
Amazon.com Inc has opened a corner store where customers can pick up their groceries and just walk out without having to queue up and pay at the checkout. The company said shoppers at its Amazon Go store will have the cost of their purchases automatically billed to their Amazon Prime account. Sensors will track customers as they go about the store and record items they pick up. http://bit.ly/2gvgI7u
A top U.S. investment bank resigned as a key adviser to Mike Ashley’s Sports Direct International Plc because of concerns that the retail company had manipulated its share price, according to claims made in a high court document. Bank of America Merrill Lynch had concerns about Sport Direct’s corporate governance and the “propriety” of share transactions in 2012 around its employee bonus scheme, according to allegations in legal filings by Jeff Blue, previously one of Ashley’s key allies. http://bit.ly/2gJPRaC
The Telegraph
GW Pharmaceuticals Plc plans to expand manufacturing in the United Kingdom and boost cultivation of the cannabis plants it uses to make a treatment for severe epilepsy, its chief executive has said. http://bit.ly/2hbxM6u
Blackcurrant drinks should be exempt from the government’s sugar tax, drinks makers including Ribena have suggested, as Treasury documents reveal a number have asked for special treatment by the Treasury. http://bit.ly/2gWyy46
Sky News
An executive who left BG Group months before a takeover approach from Royal Dutch Shell is being lined up to take the helm of Genel Energy Plc , the oil company founded by former BP boss Tony Hayward. Chris Finlayson is the leading candidate to replace Hayward as Genel’s chairman. http://bit.ly/2g3mkEU
A planned 24-hour strike by London Underground drivers has been suspended, the RMT union has said. Drivers on the Piccadilly and Hammersmith and City lines were due to walk out from 9.30 pm on Tuesday, amid claims of a breakdown in industrial relations, breaches of procedures and bullying and harassment of staff. http://bit.ly/2gvyuaD
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