Amazon.com Inc AMZN CEO Andy Jassy is among key Big Tech executives who will meet President Joe Biden at a White House meeting on Wednesday to discuss efforts to boost the country’s critical defenses against cyber threats, Reuters reported on Tuesday, citing a source.
What Happened: Apple Inc AAPL CEO Tim Cook, Microsoft Corp’s MSFT Satya Nadella are also attending the White House cybersecurity event to wich chief executives of other large tech companies, banks, energy companies and water utilities have been invited as well, Bloomberg reported separately.
See Also: Why Cybersecurity Stocks Are Trading Lower Today
Why It Matters: The U.S. government is enlisting tech companies to a joint cyber defense collaboration focused on combating ransomware and cyberattacks after a series of recent incidents which crippled American companies and government agencies. The collaboration is aimed at improving defense planning and information sharing between government and the private sector.
Price Action: Amazon shares closed 2.06% higher at $3,265.87 on Monday.
Photo: Courtesy of Valery Marchive via Wikimedia
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