Live Updates: JBS Paid $11 Million Ransom After Cyberattack Shut Meat Plants - Barron's

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The Greeley JBS meat packing plant sits idle on April 16, 2020, in Greeley, Colorado. (Photo by Matthew Stockman/Getty Images)

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• JBS USA Holdings paid ransom of $11 million worth of Bitcoin to the hackers who attacked its meat plants last week, temporarily shutting down the operations that process about one-fifth of the U.S.’s meat supply. “It was very painful to pay the criminals, but we did the right thing for our customers” to limit the potential impact on restaurants, grocery stores and the farmers who rely on JBS, said Andre Nogueira, CEO of Brazilian meat company JBS SA’s U.S. division, in an interview with The Wall Street Journal. He said the company made the payment after the majority of its plants resumed operating. JBS, the world’s largest meat company by sales, is the largest U.S. beef processor and a chief supplier of chicken and pork. The Federal Bureau of Investigation officially discourages making payments in ransomware attacks, but Nogueira said there was no way to know if the hackers would attack again. “We didn’t think we could take this type of risk that something could go wrong in our recovery process,” he said. “It was insurance to protect our customers.”

• Starbucks stores in some areas are running out of cups, coffee syrups and other popular menu items, baristas said, as the company reopens its locations nationwide, The Wall Street Journal reported. Some stores have run out of cake pops, cup stoppers and mocha flavorings, while others have run low on oat milk. A Starbucks spokeswoman said the shortages are temporary and vary by market, although oat milk and oat milk beverages have been temporarily removed from its app while it restocks. As more states lift pandemic-related restrictions on businesses, companies are reporting labor shortages and supply chain problems with items like ketchup packets and frying oil. “Due to current supply shortages, some of your favorites may be temporarily out of stock,” Starbucks told its app users this week. “We’re sorry for the inconvenience.”

• When President Joe Biden announces today that the U.S. plans to share 500 million doses of coronavirus vaccine, he will ask the leaders of the other Group of Seven countries to do the same, the Associated Press reported. The doses of the Pfizer -BioNTech vaccine that will ship out starting in August are in addition to the 80 million doses that Biden has already promised to donate by the end of June. Doses will be distributed by the global Covax alliance to 92 lower-income countries and the African Union. “We have to end COVID-19, not just at home—which we’re doing—but everywhere,” Biden told American servicemembers on Wednesday, on the first stop of his three-country, eight-day trip.  He added that doing so “requires coordinated, multilateral action.” U.S. officials hope that the G-7 countries and other countries will announce a commitment during the summit to do more to help vaccinate the world. “I don’t anticipate contention on the issue of vaccines. I anticipate convergence,” said Jake Sullivan, the national security adviser, on Wednesday. Tom Hart, acting CEO at The ONE Campaign, a poverty-fighting nonprofit, called Biden’s announcement “the kind of bold leadership that is needed to end this global pandemic,” saying, “If there was ever a time for global ambition and action to end the pandemic, it’s now.”

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