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Sunday, June 26, 2022

WSJ CEO Council Features Interviews With Janet Yellen, Jamie Dimon

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The Wall Street Journal is hosting its CEO Council summit Tuesday with top executives, administration officials and policy experts, as the Covid-19 vaccine rollout continues world-wide but some countries, notably India, face a surge in cases.

The gathering comes as the U.S. economy is poised for a sharp rebound this year, and the new Biden administration recently hit its 100-days mark, with large infrastructure and antipoverty proposals in the works.

Here is a rundown of the featured interviews. You can see more details here.

First up, U.K. Chancellor of the Exchequer

Rishi Sunak

said he is “cautiously optimistic” about the prospects for the U.K. economy’s recovery after it suffered in 2020 the worst annual slump in 300 years. He said consumer and business confidence are improving as the country inches out of lockdown.

Mariana Mazzucato,

professor of economics of innovation and public value at University College London, said Covid-19 vaccines have exposed some of the shortcomings of cooperation between the private and public sectors in developing new technologies. “It’s not enough to have a vaccine,” said Ms. Mazzucato, who said patent protections have slowed their global rollout.

The summit then pivots to a series of leaders of big businesses. JPMorgan Chase & Co. CEO

Jamie Dimon

said he is ready to quit Zoom meetings in favor of real-world interactions, particularly with clients, and said remote work isn’t great for young workers, people who hustle and for company culture. Watch the replay of the interview here.

Then, the co-founders of

BioNTech,

Uğur Şahin

and Özlem Türeci, said coronavirus infections in developing countries such as India amid a relative scarcity of vaccine supply means that the pandemic will keep raging until mid-2022. Next up was

Ben van Beurden,

CEO of

Royal Dutch Shell,

who said he sees the shift to renewable electricity as the earliest and easiest part of the energy transition to a lower carbon economy.

Uğur Şahin of BioNTech tells WSJ’s Gráinne McCarthy at The Wall Street Journal’s CEO Council Summit that high vaccination rates in the U.S. aren’t enough. Photo: Ralph Orlowski/Reuters

The chief of the U.K.’s MI6 Secret Intelligence Service, Richard Moore, talks about shifting world-wide threats. Gen. Paul M. Nakasone, commander of U.S. Cyber Command, discusses state-sponsored online attacks.

Next up are

Merck

& Co. Chairman and CEO

Kenneth C. Frazier

and former

International Business Machines Corp.

Chairman

Ginni Rometty

to discuss how big companies can increase diversity and opportunity for employees.

Carbon CEO Ellen J. Kullman;

James Manyika,

chairman and director at the McKinsey Global Institute; and

Zoom Video Communications Inc.

CEO

Eric Yuan

discuss the future of work.

Around 1 p.m.,

Margrethe Vestager,

the EU’s digital policy and antitrust czar, discusses the trade-offs between the power of big tech companies and consumer benefits. Mark Carney, the U.N. special envoy for climate action and finance, talks about the pressure on businesses to strive for a lower-carbon future.

Kurt Campbell, coordinator for Indo-Pacific affairs at the White House, will discuss the U.S.-China relationship.

Bruce Arians, coach of the Tampa Bay Buccaneers, explains the leadership lessons of their Super Bowl win.

Amid a booming stock market, and growing interest in assets such as SPACs and digital currencies,

Nasdaq Inc.

CEO

Adena Friedman

and

Blackstone Group

President

Jon Gray

talk about what the rest of the year holds.

At 4 p.m., the summit wraps up with a live-streamed interview with Treasury Secretary

Janet Yellen,

focusing on President Biden’s spending and tax plans and the economic recovery, as well as the push for an international agreement on corporate taxation levels.

Treasury Chief Rishi Sunak said the U.K. would consider U.S. proposals for a global minimum corporate-tax rate, provided it goes hand-in-hand with a fairer split of the tax take from global tech giants. Photo: Lee Smith/Reuters

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