According to an administration official who spoke to Reuters, U.S. President Donald Trump is scheduled to have a private dinner at the White House on Wednesday with a number of prominent corporate executives, including the CEOs of JPMorgan Chase and Nasdaq.
The event highlights Trump's efforts to enhance relationships with business executives as his administration launches new programs to bolster American capital markets and reconstruct important domestic supply lines deemed essential to national security.
The largest bank in the country, JPMorgan, has unveiled a ten year, $1.5 trillion investment program targeted at sectors essential to U.S. economic resilience and national security, such as manufacturing and supply chain, defense and aerospace, energy independence, and frontier technologies.
As part of that plan, the bank will invest up to $10 billion in venture capital and direct equity in U.S. businesses that are essential to both economic resilience and national security.
Trump's meeting with financial titans was confirmed by a White House official, but a guest list was not confirmed. The dinner was initially reported by CBS News. Requests for response from JPMorgan and Nasdaq representatives were not immediately answered.
In an effort to foster economic growth while managing conflicts with international trading partners, Trump has recently attended a number of private talks with corporate executives.
In order to secure the United States place in high tech manufacturing and energy supply chains, his broader economic strategy focuses on increasing domestic output, reshoring important industries, and utilising private sector investment.
