Retailers hope that Congress will see the whole China picture - before they finalize their newly proposed "Endless Frontier" legislation. It’s one thing to push competitiveness, but another to see our entire trading landscape in perspective.
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Starting out with some good news tonight: Colonial Pipeline is back online after shutting down over a cyberattack last weekend. Meanwhile, a number of global chief information security officers said they think their organizations are unprepared to face a cyberattack, according to a report released Wednesday. The Senate Commerce Committee advanced President Biden
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THAT’S REASSURING: A majority of global chief information security officers (CISOs) surveyed as part of a report released Wednesday said they feel their organizations are unprepared to face a cyberattack, despite many believing they will face an attack in the next year.
912 Israeli startups operate in 28 EU countries
Collectively, these Israeli startups employ 24,223 EU residents. The majority are located in Germany, France and the UK.
May 13, 2021, 2:06 pm
Yotam Tzuker, Adi Barel and Yoni Levenfeld, editors of a new report on Israeli startups in Europe. Photo by Idan Canfi
A first-of-its-kind map of Israeli tech companies that currently operate in Europe reveals 912 Israeli startups in 28 countries in the EU, collectively employing 24,223 European residents.
More than a third of Israeli companies in Europe are in the information and software technology sector, and the others from the Internet, telecommunications, biomedical and cleantech sectors. Nearly half of the companies do sales and marketing in Europe and 15 percent have research and development operations there as well.
Young voted in favor of the legislation, but noted he did so “with great reservations for how this process has played out, but hope for the future that we can resolve things in a bipartisan constructive way.”
Schumer said in a statement that with the committee’s approval of the bill, “we are on the road to making one of the most significant investments in American innovation and manufacturing in generations and keep America number one for decades to come.”
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“This legislation will allow the United States to out-compete countries like China, create more good-paying American jobs and help improve our country’s economic and national security,” Schumer said. “It is my intention for the full Senate to consider and finish this important legislation before the end of the month, where we expect strong bipartisan support.”
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It’s the first time Biden has met with the four top congressional leaders as a group since being inaugurated in January. It will also be his first meeting with McConnell and McCarthy.
While it appears Biden doesn’t have much of a relationship with McCarthy, who came to power under Trump, he’s spoken with McConnell on the phone and the two have known each other for decades, first as Senate colleagues and then cutting deals during the Obama administration.
The meeting is expected to largely focus on Biden’s $4 trillion spending plan, which is divided up between a $2.3 trillion jobs proposal and a second $1.8 trillion bill focused on education and child care.