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More details, but also more questions about the Trump administration's plans for Venezuela.

We'll get the latest.

Plus a look at the likely years of work needed to boost Venezuela's oil output.

No doubt, Venezuela does have reserves and U.S. companies are owed money.

However, this is not as simple as just going back and being able to produce

the dilapidation of the Venezuelan infrastructure. I cannot stress how bad that is.

And the rest of the day's news, including a potential market-first diabetes treatment for

children as young as one. It's Monday, January 5th. I'm Luke Vargas for the Wall Street Journal, and here is

the AM edition of What's News, the top headlines and business stories moving your world today.

The Trump administration is offering conflicting narratives about its intentions in Venezuela

after capturing its president, Nicholas Maduro, over the weekend. President Trump described the U.S. as being in charge of the country yesterday evening,

though that control may be indirect in nature, as Secretary of State Marco Rubio explained in interviews yesterday,

including in this remark on ABC's This Week with George Stephanopoulos when he was asked if the U.S. was directly running Venezuela.

What we are running is the direction that this is going to move moving forward, and that is we have leverage.

This leverage we are using, and we intend to use.

Rubio specified that that leverage came in the form of the U.S. military,

and that Washington was prepared to take action if those in Venezuela

with, quote, control over the levers of power, end quote, didn't act in America's interests.

So, who are those people? For now, it's de facto leader Delci Rodriguez, Maduro's longtime

...