Cyberattack Closes Beef Plants; Trump Back to Rallies; Biden Pitches Global Tax Hike | AM QUICKIE

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#AMQuickie Headlines:

Last time it was an oil pipeline, this time it’s meat processors. Another cyberattack has thrown global commerce into chaos.

Meanwhile, Donald Trump is getting ready to make his return to the rally circuit, on behalf of loyal Republican candidates in several states. We knew this day would come, but for decency’s sake, we wish it could’ve waited a while longer.

And lastly, President Joe Biden is on the diplomatic circuit trying to persuade other countries to raise taxes on multinational corporations. The basic idea is, if everyone does it at once, there will be nowhere for the tax dodgers to hide.

Cyberattack Closes Beef Plants

Hold the beef. No, really. The beef is on hold until further notice. Bloomberg News reports that a cyberattack on JBS, the largest meat producer globally, has forced the shutdown of some of world’s largest slaughterhouses. There are signs that the closures are spreading. JBS’s five biggest beef plants in the US – which handle twenty three thousand cattle a day – have halted processing following a weekend attack on the company’s networks. Those outages alone have wiped out nearly a fifth of America’s production. Slaughter operations across Australia were also down. One of Canada’s largest beef plants was idled. But it’s unclear exactly how many plants globally have been affected by the attack. The prospect of more extensive shutdowns is already upending agricultural markets and raising concerns about food security as hackers increasingly target critical infrastructure.

Bloomberg says the White House has offered assistance to JBS. The company notified the Biden administration on Sunday of a cyberattack from a criminal organization likely based in Russia. Biden has directed the administration to mitigate the impact on the meat supply. Any substantial disruption in meat processing would further stoke mounting political concerns about the concentration of the meat industry. Four giant companies control more than eighty percent of US beef processing. Rural lawmakers recently pressed the Justice Department for action on an anti-trust investigation of the beef industry launched last year. There’s nothing like a massive ransomware attack to bring home the dangers of unchecked corporate consolidation! At least some cows are happy.

AM QUICKIE - JUNE 2, 2021

HOSTS - Sam Seder & Lucie Steiner

WRITER - Corey Pein

PRODUCER - Dorsey Shaw

EXECUTIVE PRODUCER - Brendan Finn

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