Winners and Losers of the Trade Deal

• The logistics company XPO said it was considering spinning off some of its businesses, unwinding an empire built on M.A. (WSJ)

• KKR has raised $2.2 billion for its second fund dedicated to investments in later-stage tech start-ups in North America, Europe and Israel. (KKR)

• An investment company run by Thomas Farley, the former head of the New York Stock Exchange, and backed by Dan Loeb’s Third Point is reportedly close to buying Global Blue, a payments company, for about $2.6 billion. (WSJ)

Politics and policy

• The Treasury Department’s watchdog is investigating opportunity zones, a tax break that was meant to help low-income areas but became a windfall for wealthy investors. (NYT)

• The Justice Department’s antitrust chief, Makan Delrahim, plans to focus on drug pricing and agreements among companies not to poach one another’s employees. (WSJ)

• Elizabeth Warren to Bernie Sanders: “I think you called me a liar on national TV.” (NYT)

Tech

• Twitter will probably never let users edit tweets, Jack Dorsey says. (Verge)

• Goldman Sachs sold its stake in Uber late last year. (CNBC)

Best of the rest

• The Virgin Islands sued the estate of Jeffrey Epstein, alleging that the financier trafficked hundreds of young girls from his Caribbean private island as recently as 2018. (NYT)

Article source: https://www.nytimes.com/2020/01/16/business/dealbook/trade-deal-us-china.html?emc=rss&partner=rss