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Biden to Unveil Plan to Ease Supply-Chain Problems

U.S. President Joe Biden will unveil a plan to ease the supply-chain problems that are weighing on the economic recovery and may threaten the holiday season, according to a senior White House official. Biden will meet Wednesday afternoon with executives from the ports of Long Beach and Los Angeles as well as Walmart (ticker: WMT), FedEx (FDX), UPS (UPS), Target (TGT), and union representatives and industry lobbies. The ports will run round-the-clock operations, and the International Longshore and Warehouse Union has indicated that its members accept working extra shifts.

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