Luke Vargas

I'm Luke Vargas for The Wall Street Journal.

Shares of some of America's biggest health insurers are skidding off hours following journal reporting that the Trump administration is proposing to hold payments for Medicare insurers roughly flat next year.

And the chair of the Senate's antitrust panel has warned that Netflix's proposed $72 billion takeover of Warner Bros.

The EU and India seal a free trade deal decades in the making.

Plus, rights groups in Iran break through a communications blackout to shed light on the true death toll in recent protests.

and the latest from Minnesota as President Trump shakes up his immigration strategy.

It's Tuesday, January 27th.

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.

After two decades of on-again, off-again talks, the European Union and India say they've reached a free trade deal.

The deal will be the largest for both economies, linking together almost two billion consumers.

And as trade reporter Kim McRaehl is here to discuss, it comes as a number of U.S.

trading partners are actively taking steps to curb their reliance on America.

Kim, thanks for being with us this morning.

What should we know about this agreement, the broad strokes?

And Kim, this is coming at a very helpful time for India as well when trade barriers between it and the US notably have been going up.

And Kim, this is a good segue to discussing how other big U.S.

trading partners are positioning themselves lately.

We reported earlier this month on Canada opening up its auto and its energy sectors to Chinese products, also inviting investment by Beijing into Canada.

But there's more than Canada to talk about here.

I've been speaking to Wall Street Journal trade reporter Kim McRae in Brussels.