Karen Moskow

Listen to the Bloomberg Daybreak U.S.

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

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.

While Nathan Treasury Secretary Scott Besant is urging European allies to remain calm over President Trump's Greenland claims, he spoke this morning from the sidelines of the World Economic Forum.

Secretary Besant is comparing the uproar to the political blowback over President Trump's tariff announcements last April.

French President Emmanuel Macron has talked about unleashing the European Union's toughest trade tools in response to the Greenland threats, though German Chancellor Friedrich Merz has batted that down.

Secretary Besant also says the idea of Europe selling U.S.

treasuries in response to the president's Greenland claims is a false narrative.

Nathan, the Trump-Davos speech comes as a new study shows his tariffs are paid almost entirely by Americans.

We get more this morning from Bloomberg's John Tucker.

And John, good morning.

Nathan, Treasury Secretary Scott Besson says President Trump is coming close to announcing his pick for the next Federal Reserve chair.

Besson spoke earlier today in Davos.

Treasury Secretary Scott Besson speaking at Davos, BlackRock's Rick Reeder, National Economic Council Director Kevin Hassett, Fed Governor Christopher Waller, and former Governor Kevin Warsh are the final contenders to replace Jay Powell as Fed chair.

We do have a deal in the drug industry this morning, Nathan.

GSK has agreed to buy San Francisco-based biotech company Wrapped Therapeutics in a deal valued at $2.2 billion.