Karen Moskow

Academiker Pensions cited U.S.

fiscal policies and Trump's desire to own Greenland as reasons for the decision.

And here's Bessent again this morning in Davos.

All right, John, thank you.

How could the World Economic Forum move from Davos?

Larry Fink, the interim co-chief of the WEF, is thinking about a venue change for the flagship event.

On a post on LinkedIn, he brought up Detroit and Dublin and cities like Jakarta and Buenos Aires as possible future sites.

A possible relocation would be a blow to Switzerland, which has benefited from the forum being held in the Swiss Alps for decades.

Time now for the Bloomberg Sports Update, and we bring in John Staschauer.

John.

Thanks, John.

And that's news when you want it with Bloomberg News Now.

I'm Karen Moscow.

Bloomberg Daybreak is your best way to get informed first thing in the morning, right in your podcast feed.

Hi, I'm Karen Moskow.

Listen to the Bloomberg Daybreak U.S.

edition podcast each morning for the stories that matter with the context you need.

And I'm Karen Moscow.

Nathan, when President Trump does arrive in Davos, he could find allies shaken by his stated desire to take control of Greenland.

The president has announced 10 percent tariffs on goods from eight European countries starting next month unless he has a deal to purchase Denmark's territory.