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President Joe Biden takes part Monday in a virtual meeting with executives from 19 companies as part of his administration’s effort to address an ongoing chip shortage.

President Biden’s $2.3 trillion infrastructure plan would devote $400 billion to providing seniors more medical care at home, with the aim of shifting treatment away from institutions and hospitals as the U.S. faces a looming surge in its aging population.

The U.S. is facing another surge in new COVID-19 cases in some states, led by Michigan, but the White House has spurned Michigan Gov. Gretchen Whitmer request for corresponding surge in vaccines for her state, even as daily vaccinations hit a record of more than 4.6 million over the weekend.

U.S. stocks look set to start Monday on the back foot ahead of key inflation data and earnings reports later in the week.