Ukrainian President Volodymyr Zelensky picked Lt. Gen. Kyrylo Budanov, his former military spymaster, as chief of staff last week, reflecting the need to prepare both for war and peace amid uncertainties around President Trump's push for an end to fighting.

From Threats to an Invitation: Trump Resets Ties With Colombian Leader

BOGOTÁ, Colombia-President Trump had labeled Colombia's leftist president, Gustavo Petro, a raving "lunatic" and an "illegal drug leader" who is flooding the U.S. with cocaine.

And he had warned that he was close to doing something about it after Saturday's snatch-and-grab in Venezuela in which American commandos arrested that country's strongman, Nicolás Maduro, and flew him to New York to face drug-trafficking charges. But in the wake of a phone call between Trump and Petro, the Colombian government was in a celebratory mood Thursday after Trump said he had invited its leader to the White House.

Write to clare.kinloch@wsj.com

TODAY IN CANADA

Earnings:

Corus Entertainment Class B

Economic Indicators:

0830 Dec Labour Force Survey

Stocks to Watch:

Algoma Steel Group Sees 4Q Total Steel Shipments 375,000 Tons-380,000 Tons

Aritzia Boosts Fiscal-Year Guidance on Strong Holiday Shopping Trends

Canadian Solar Prices $200M of Convertible Senior Notes Due 2031 in Private Offering; Expects to Close Offering of Notes on or About Jan. 13; Expects Net Proceeds From Offering to Be Approximately $194.6M; To Use Proceeds for U.S. Manufacturing Investments, Battery Energy Storage Value Chain Support

Tilray Sees Medical Growth With Possible Cannabis Rescheduling

Expected Major Events for Friday

00:01/UK: Dec BRC-Sensormatic IQ Footfall Monitor

05:00/JPN: Nov Indexes of Business Conditions - Preliminary Release

07:00/GER: Nov Foreign Trade

07:00/GER: Nov Industrial Production Index

07:45/FRA: Nov Industrial production index

07:45/FRA: Nov Household consumption expenditure in manufactured goods

09:00/ITA: Nov Retail Sales

13:30/US: Sep New Residential Construction - Housing Starts and Building Permits

13:30/US: Oct New Residential Construction - Housing Starts and Building Permits

13:30/CAN: Dec Labour Force Survey

13:30/US: Dec U.S. Employment Report

15:00/US: Jan University of Michigan Survey of Consumers - preliminary

All times in GMT. Powered by Onclusive and Dow Jones.

Expected Earnings for Friday

Bio-Path Holdings Inc (BPTH) is expected to report for 3Q.

Black Titan Corp (BTTC) is expected to report for 3Q.

Hurco Cos (HURC) is expected to report for 4Q.

Lifecore Biomedical Inc (LFCR) is expected to report $0.16 for 2Q.

Sonder Holdings Inc (SONDQ) is expected to report for 3Q.

Powered by Onclusive and Dow Jones.

ANALYST RATINGS ACTIONS

AbbVie Cut to Peer Perform From Outperform by Wolfe Research

Air Products & Chemicals Raised to Neutral From Underperform by B of A Securities

Airbnb Raised to Neutral From Underweight by Cantor Fitzgerald

Alcoa Cut to Underweight From Neutral by JP Morgan

Alphabet Raised to Overweight From Neutral by Cantor Fitzgerald

American Homes 4 Rent Cut to Neutral From Outperform by Mizuho

Aptiv Raised to Overweight From Neutral by Piper Sandler

Arcus Biosciences Cut to Equal-Weight From Overweight by Morgan Stanley

Axsome Therapeutics Cut to Equal-Weight From Overweight by Morgan Stanley

BorgWarner Cut to Neutral From Overweight by Piper Sandler

Brighthouse Financial Cut to Equal-Weight From Overweight by Barclays

Caesars Entertainment Raised to Positive From Neutral by Susquehanna

Carnival PLC Cut to Hold From Buy by Peel Hunt

CrowdStrike Raised to Buy From Hold by Berenberg

Clarivate Cut to Neutral From Buy by Goldman Sachs

Clearwater Analytics Cut to Equal-Weight From Overweight by Wells Fargo

Coinbase Raised to Buy From Neutral by B of A Securities

Contineum Therapeutics Cut to Equal-Weight From Overweight by Morgan Stanley

Crocs Raised to Mixed From Negative by BWG Global

Darden Restaurants Cut to Hold From Buy by Truist Securities

Digital Realty Cut to Neutral From Buy by B of A Securities

Elevance Health Raised to Outperform From Peer Perform by Wolfe Research

Enhabit Raised to Buy From Neutral by UBS

Euronet Worldwide Cut to Underperform From Peer Perform by Wolfe Research

Exelixis Cut to Equal-Weight From Overweight by Morgan Stanley

Extra Space Storage Cut to Sector Perform From Sector Outperform by Scotiabank

Figma Raised to Overweight From Equal-Weight by Wells Fargo

Ford Motor Raised to Overweight From Neutral by Piper Sandler

Fortrea Holdings Raised to Buy From Hold by Truist Securities

Gap Inc Raised to Buy From Neutral by UBS

Generac Raised to Buy From Neutral by Citigroup

General Motors Raised to Overweight From Neutral by Piper Sandler

HF Sinclair Raised to Overweight From Neutral by Piper Sandler

Immuneering Falls on Survival Data in Pancreatic-Cancer Study

Intuit Cut to Equal-Weight From Overweight by Wells Fargo

Invitation Homes Cut to Neutral From Outperform by Mizuho

Jack Henry & Associates Raised to Outperform From Peer Perform by Wolfe Research

JB Hunt Cut to Neutral From Buy by Citigroup

JB Hunt Raised to Positive From Neutral by Susquehanna

Leidos Holdings Cut to Hold From Buy by Stifel

Marqeta Cut to Neutral From Outperform by Mizuho

Marqeta Cut to Peer Perform From Outperform by Wolfe Research

Merck Raised to Outperform From Peer Perform by Wolfe Research

Neurocrine Cut to Equal-Weight From Overweight by Morgan Stanley

Nike Cut to Hold From Buy by Needham

Nurix Therapeutics Raised to Overweight From Equal-Weight by Morgan Stanley

Omnicell Raised to Overweight From Sector Weight by Keybanc

OneStream Cut to Market Perform From Outperform by Raymond James

PotlatchDeltic Cut to Market Perform From Outperform by BMO Capital

Progressive Raised to Overweight From Equal-Weight by Barclays

Prologis Cut to Neutral From Outperform by Baird

Roku Raised to Outperform From In-Line by Evercore ISI Group

Ryder System Cut to Peer Perform From Outperform by Wolfe Research

Saia Cut to Peer Perform From Outperform by Wolfe Research

Simply Good Foods Climbs as Recovery Plan Gains Steam

Snowflake Raised to Buy From Hold by Argus Research

Steven Madden Raised to Buy From Hold by Needham

Sunrise Realty Trust Cut to Market Perform From Outperform by Keefe, Bruyette & Woods

Terreno Realty Raised to Outperform From Neutral by Baird

These Stocks Are Moving the Most Today: Lockheed, Northrop, Alphabet, Applied Digital, Bloom Energy, Neogen, and More -- Barrons.com

These Stocks Are Moving the Most Today: Lockheed, Northrop, Alphabet, Applied Digital, Bloom Energy, Neogen, and More -- Barrons.com

Toast Cut to Peer Perform From Outperform by Wolfe Research

Tractor Supply Cut to Hold From Buy by Gordon Haskett

Tyson Foods Raised to Outperform From Market Perform by BMO Capital

United Parcel Service Cut to Peer Perform From Outperform by Wolfe Research

Ventyx Biosciences Cut to Equal-Weight From Overweight by Wells Fargo

Ventyx Biosciences Cut to Hold From Buy by Canaccord Genuity

Ventyx Biosciences Cut to Market Perform From Outperform by LifeSci Capital

Ventyx Biosciences Cut to Neutral From Buy by HC Wainwright & Co.

Ventyx Biosciences Cut to Neutral From Buy by UBS

Ventyx Biosciences Cut to Perform From Outperform by Oppenheimer

Vestis Cut to Sell From Neutral by Goldman Sachs

Voya Financial Raised to Overweight From Equal-Weight by Barclays

Wabtec Raised to Outperform From Peer Perform by Wolfe Research

XPO Cut to Neutral From Buy by Citigroup

XPO Cut to Peer Perform From Outperform by Wolfe Research

Yum Brands Raised to Buy From Hold by Gordon Haskett

This article is a text version of a Wall Street Journal newsletter published earlier today.


(END) Dow Jones Newswires

01-09-26 0615ET