Trump secures an Arctic security framework for Greenland at Davos, ending a week of tariff threats — but pivots to openly politicizing the Fed with plans for a new chair. Plus: US House greenlights Venezuela military action, China showcases 200-drone AI swarms, Intel posts a GAAP loss, and gold nears $5,000.

Trades: long gold (reiterated), long US defense, short French OATs.

The One Number: $2.4 trillion — nature destruction vs. $220 billion for preservation.