Why Venezuela Bonds Are Rallying After Maduro’s Ouster

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  Some European allies and Republican lawmakers are pushing back on President Trump's idea of taking over Greenland.

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  Plus, after a long time out in the cold,

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  investors in distressed Venezuelan bonds may finally be a step closer to a payday.

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  One of the big things that's going to have to happen is a forensic experiment where there'll be a look at how much debt is out there,

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  who is it owed to, and then who gets what.

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  But, you know, newsflash, no one's going to get the full amount that they put in.

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  And while removing Maduro may not be enough to attract the U.S.

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  oil industry to Venezuela.

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  It's Tuesday, January 6th.

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  I'm Alex O'Sullivan for The Wall Street Journal.

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  This is the PM edition of What's News,

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  the top headlines and business stories that move the world today.

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  After the military raid on Venezuela, President Trump has once again raised the idea of the U.S.

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  taking over Greenland.

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  And that's causing alarm for some U.S.

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  lawmakers and allies.

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  The president said on Sunday that U.S.

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  national security required American control of the territory.

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  And yesterday on CNN, senior White House aide Stephen Miller was asked about whether the U.S.

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  would take military action against Greenland.

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