Luke Vargas

And we'll go behind the no-buy January trend that's sweeping social media.

It's Friday, January 23rd.

I'm Luke Vargas for The Wall Street Journal, and here is the AM edition of What's News, the top headlines and business stories moving your world today.

A winter storm bearing heavy snow, strong winds and bitter cold is descending upon the central U.S.

from the Dakotas to the Gulf, with its sights set on the East Coast in the coming days.

AccuWeather chief meteorologist Jonathan Porter warned drivers to take caution as ice accumulates on roads and said the storm was likely to affect a broad swath of the country from Texas to the Carolinas.

Utilities are bracing for the worst, wary of a repeat of a deadly 2021 winter storm in Texas that left millions without power for days.

And energy producers in some of America's largest oil and gas fields could see disruptions too, with traders anticipating that a large share of U.S.

production could become blocked in frozen wells precisely when heating demand is at its peak.

Energy reporter Julia Petroni said that comes as natural gas prices are already high.

The acting president of Venezuela, Delcy Rodriguez, has unveiled a new bill aimed at loosening the state's iron grip on its oil industry, a move aimed at repairing relations with Washington and attracting investment from U.S.

energy companies.

President Trump has pressed American producers to quickly pour $100 billion into Venezuela, but journal reporter Kajal Vias says that analysts feel the new bill falls short of what's needed to unlock such investments.

Meanwhile, a resolution to rein in President Trump's powers to wage war in Venezuela was narrowly defeated in the House yesterday after a tied vote of 215 to 215.

That's after Republican leaders hustled to bring a Texas lawmaker back to D.C.

to cast the deciding vote.

The resolution would have prohibited U.S.

troops from being deployed in Venezuela without authorization by Congress.

The Senate had previously advanced and then rejected a similar measure after threats from Trump.

Good news for roughly two in three Americans.