We kick off the first trading day of the new year with a look at some of the stocks moving. Weight Watchers shares are up after the company signed up DJ Khaled as its new social media ambassador. And Alibab's UC browser is gaining ground against Google Chrome in parts of Asia.

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Biden Proposes Canceling Student Loan Interest to Tackle Debt Crisis
The Biden administration has unveiled a plan, Plan B, to address the student loan debt crisis. It offers to cancel up to $20,000 in interest for borrowers enrolled in income-driven repayment plans. This proposal aims to reset balances for those facing growing debt due to unpaid interest, benefiting low—and middle-income borrowers. An estimated 25 million borrowers are eligible for some form of interest forgiveness.
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