"The dust is still settling on President Donald Trump's new H-1B visa fee, but one thing seems clear: Corporate America is in for a shake-up. Late last week, Trump sent businesses into a bit of a tailspin when he announced that each , which allows companies to hire foreign skilled workers for specialized roles, would come with a $100,000 fee."
"There was some initial confusion about whether that fee applied to current visa holders (it doesn't). But even with the focus only on new visa applicants, the impact is still expected to be big. JPMorgan economists predict the US will see work authorizations drop by 5,500 a month. Business leaders continue to weigh in, with reactions ranging from optimism to concern. And while a lot still remains unknown, we're getting a sense of what it means for different industries."
"The app is testing out a new feed that opens right into its Reels feature. BI's Katie Notopoulos has more on the change. In other tech news, OpenAI's Sam Altman (yes, the Sam Altman) stopped by the Berlin headquarters of our parent company, Axel Springer. He chatted with the father of quantum computing, and they agreed on a Turing Test 2.0."
President Donald Trump's new policy imposes a $100,000 fee on each new H-1B visa application, prompting predictions of a monthly drop of about 5,500 work authorizations. The fee applies only to new applicants, not current visa holders. Big Tech may absorb the cost more easily due to massive valuations, while smaller firms, consultancies, and Wall Street employers face greater hiring disruption and higher labor costs. Business leaders express mixed reactions from optimism to concern. Separately, Instagram is testing a Reels-first feed, OpenAI CEO Sam Altman visited Axel Springer and discussed a Turing Test 2.0, and markets, AI-training startups, and retail developments are noted.
Read at Business Insider
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