Biden’s Ire Won’t Keep Executives From Saudi Summit

New York Times: “President Biden sought to put Saudi Arabia on notice this week for teaming up with Russia on a drastic production cut by OPEC Plus, the oil cartel.”

“But those tough words don’t appear to have dissuaded Jamie Dimon and other leaders of corporate America from attending a Saudi-sponsored business conference — popularly known as Davos in the Desert — in Riyadh this month.”

“Mr. Dimon, JPMorgan Chase’s chief executive, who is listed on the conference’s website as a featured speaker, is still expected to attend. So are Steve Schwarzman of the investment giant Blackstone, Ray Dalio of the hedge fund Bridgewater Associates and Michael Arthur, Boeing’s top international executive.”