Luke Vargas

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.

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.

Energy producers in some of America's largest oil and gas fields could also see disruptions, 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.

Those concerns and increasing demand for heating have pushed U.S.

natural gas prices up more than 60 percent this week.

While gold prices are also soaring, nearing $5,000 an ounce just three months after crossing the once unthinkable $4,000 mark.

The metal has surged amid geopolitical uncertainty and sky-high stock prices, as well as central banks piling in as fellow buyers pushing up prices.

And good news for roughly two in three Americans, TikTok officially isn't going anywhere.

The company has formally inked a joint venture, allowing it to keep operating in the U.S., ending a years-long fight over whether to ban the video-sharing app on national security grounds.

details of a potential Greenland deal take shape.

We'll get the latest from Davos after President Trump changes tack in his push for the island.

Plus, ICE targets Maine, setting up another showdown with local officials.

And Southwest scores an upgrade in our annual airline rankings.

It's Thursday, January 22nd.

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.

We're learning more about what future negotiations over Greenland could look like, a day after President Trump backed off of threats to forcibly acquire the island and called off tariffs he'd promised on European nations.

While the details are still in flux, European officials tell us they could involve Denmark allowing American troops to be stationed at its Greenland bases, Europe boosting Arctic security, and the U.S.