Show an ad over header. AMP

I am the FIRST

Biden to invite Ukraine's Zelensky to White House after Putin summit

President Biden told Ukrainian President Volodymyr Zelensky in a phone call Monday that he looks forward to welcoming him to the White House this summer after returning from his trip to Europe, according to national security adviser Jake Sullivan.

Why it matters: In an hour-long interview with Axios on Friday, Zelensky urged Biden to meet with him face to face before a June 16 summit with Russian President Vladimir Putin — offering to join him "at any moment and at any spot on the planet."


Driving the news: The plea from Zelensky came after Biden waived sanctions on the corporate entity and CEO overseeing the construction of the Nord Stream 2 pipeline, which will allow Russia to circumvent Ukraine and deliver natural gas directly to Germany.

  • Ukraine views the pipeline as a dire national security threat, one that Zelensky characterized during the interview as "a real weapon" in the hands of Russia.
  • The State Department itself has said Nord Stream 2 is a "Russian geopolitical project that threatens European energy security and that of Ukraine," but Biden has signaled that he does not want to damage relations with Germany over a pipeline that will inevitably be completed anyway.

Behind the scenes: An administration source told Axios the White House was considering inviting Zelensky to Washington before Biden’s summit with Putin, but declined to move ahead with the meeting after Zelensky's decision to replace the management of state energy company Naftogaz.

  • That move led to concerns in the administration he was backsliding on anti-corruption efforts.

What they're saying: "I have come into this briefing room from the Oval Office where President Biden was on the phone with President Zelensky of Ukraine," Sullivan told reporters Monday.

  • "This is a call they had been planning to make in advance of President Biden going to Europe and meeting with President Putin," he continued.
  • "They had the opportunity to talk at some length about all of the issues in the U.S.-Ukraine relationship and President Biden was able to tell President Zelensky that he will stand up firmly for Ukraine's sovereignty, territorial integrity, and its aspirations as we go forward."

The big picture: Sullivan reiterated that Biden is meeting with Putin not in spite of the heightened tensions between the U.S. and Russia, but because of them.

  • "There is never any substitute for leader-to-leader engagement, particularly for complex relationships, but with Putin, this is exponentially the case," Sullivan said, noting the Russian strongman's "highly personalized style of decision-making."
  • He added that it is hard to find a "better context" to hold a summit with Putin than after meetings with G7 leaders and the United States' European and NATO allies.

Go deeper: Zelensky "surprised" and "disappointed" by Biden pipeline move

Lordstown Motors: A tale of hubris, political pandering and regulatory failure

Lordstown Motors is the quintessential business fiasco. Equal parts hubris, political pandering and regulatory failure.

Why it matters: There's no indication that anyone will learn their lesson, except perhaps for some random retail investors who didn't diversify.

Keep reading... Show less

GM boosts investment in electric, autonomous vehicles by $8 billion

General Motors plans to boost its cumulative investment in electric and autonomous vehicles to $35 billion from 2020-2025, a significant jump from a $27 billion target.

Driving the news: GM said this morning that the initiative will include building two new battery cell manufacturing plants in addition to the two already under construction in Tennessee and Ohio.

Keep reading... Show less

Biden administration buys 200 million additional doses of Moderna’s COVID vaccine

The Biden administration has purchased an additional 200 million doses of Moderna’s coronavirus vaccine, the biotech company announced Wednesday.

Why it matters: Moderna says the additional doses could be used to vaccinate children or — if necessary — as a booster shot.

Keep reading... Show less

Live updates: Biden and Putin land in Geneva ahead of summit

President Biden is set to meet with Russian President Vladimir Putin in Geneva for five hours of talks on Wednesday, a highly anticipated summit that comes as both sides say U.S.-Russia relations have sunk to a new post-Cold War low.

The latest: Putin arrived in Geneva shortly before 7 a.m. ET and traveled via motorcade to Villa La Grange, a mansion set in a 75-acre park overlooking Lake Geneva. Biden arrived at around 7:20 a.m. ET. The two leaders are expected to take a photo with Swiss President Guy Parmelin before the meeting begins.

Keep reading... Show less

Biden-Putin summit: What to expect when you're not expecting much

After a bitter blast from Putin and tough talk from Biden, both sides agree: Don't count on much from Wednesday's summit between President Biden and Russian President Vladimir Putin.

What they're saying: "We’re not expecting a big set of deliverables out of this meeting," a senior Biden administration official told reporters on Air Force One from Brussels to Geneva. "No breaking of bread."

Keep reading... Show less

Florida's early reopening could make it a business travel mecca

As post-pandemic business travel comes back, experts say Florida's reopening policies should allow it to lock in a significant share of returning corporate events and meetings.

Why it matters: There's a lot of money to be made — with a lot of people itching to travel — after the sector lost $97 billion in spending last year, according to a new Tourism Economics analysis by the U.S. Travel Association.

Keep reading... Show less

There isn’t a worker shortage in the U.S. — there’s been a worker awakening

Many politicians, pundits and business owners have said pandemic-era enhanced unemployment benefits are keeping would-be workers at home. But that's a much too simplistic explanation of today's employment situation.

The big picture: Many hard-hit sectors are rebounding faster than anecdotal evidence would suggest. And when jobs are hard to fill, a broader worker awakening over the past year is part of the reason.

Keep reading... Show less

Biden's surprise pick for FTC chair, a leading tech critic, is already rocking boats

By naming tech critic Lina Khan to chair the Federal Trade Commission Tuesday, the White House made clear it is dead serious about antitrust enforcement and other measures to rein in Google, Facebook, Apple and Amazon.

The intrigue: By naming Khan FTC chair just hours after the Senate confirmed her appointment as one of five commissioners at the agency, the White House took both the industry and many D.C. insiders by surprise.

Keep reading... Show less

Insights

mail-copy

Get Goodhumans in your inbox

Most Read

More Stories