The spread of 2019-nCoV is beginning to draw corporate reactions – mostly of a wait-and-see nature – while regional Chinese exposure will matter. UPS Q4 results were better than its peers, but it has missed out on the tariff-linked supply chain realignment. Also: Brexit is just at the end of the beginning as C20 deals face C20 issues; Iowa’s about more than beans as trade policy meets electioneering; Daimler, Keystone face national security metals tariff extension; and EU telecoms toolbox approach provides another tripwire for U.S. trade talks.