A.M. Edition for Jan. 05. Venezuelan President Nicolás Maduro is slated to appear in a federal court Monday, facing charges related to cocaine trafficking. This as President Trump reiterates that the U.S. is calling the shots in Venezuela as a new landscape of power players in the country emerges. That said, any profits stemming from Venezuelan oil are likely years away, according to Energy Aspect founder Amrita Sen. And we look at a potential market-first diabetes treatment for children as young as one. Luke Vargas hosts. Sign up for the WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

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“What did the council decide on item 42?” — answered with the speaker and the moment.