1. Estimated damage and economic loss caused by multiple wildfires in Los Angeles is forecasted at over $50 billion at a preliminary level.

2. Trump is serious about trying to acquire Greenland, both to expand America's sphere of influence in the Western Hemisphere and as a way to cement his legacy.

3. With car exports up 25% to 4.8 million units, China probably ranked as the world's largest auto exporter ahead of Japan for a second consecutive year in 2024.

4. Global auto suppliers are working out how much of their production can be moved to the U.S., or closer to it, as a defense against tariffs promised by Trump.

5. Shanghai has kicked off a plan to allow the establishment in China of wholly foreign-owned hospitals in key economic zones, biopharmaceutical areas and downtown districts.