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Workforce on Edge: Trump’s $100,000 H-1B Fee Fuels Stress for Staff, Employers (Bloomberg)
The Trump administration’s plan to raise the H-1B application fee to $100,000 has fueled anxiety among skilled immigrants, including graduate students and tech workers. The move jolted companies that rely on the program for talent, from California’s tech sector to education and healthcare.
Chaos on the SFO Tarmac: H-1B Fears Prompt Flyers to Get Off San Francisco to Dubai Flight Just Before Takeoff (Bloomberg)
Another Policy Clarification: White House Says Doctors May Be Exempt From $100,000 H-1B Fee (Bloomberg)
Doctors may be exempt from the Trump administration’s new fees for high-skilled H-1B visa applications, the White House clarified, after some of the biggest medical bodies called out the risk to rural America where there’s already a dearth of providers.
For hospitals, the H-1B visa program is crucial to recruiting doctors in remote parts of the country where severe shortages of healthcare workers persist.
Latest in Tech: Nvidia to Invest $100 Billion in OpenAI in AI Computing Buildout (Bloomberg)
Nvidia will invest up to $100 billion in OpenAI to build data centers and AI infrastructure, highlighting soaring demand for computing power behind tools like ChatGPT.
The staged deal, which gives Nvidia equity, will fund at least 10 gigawatts of capacity powered by its advanced chips. Nvidia shares soared on the news, reinforcing its dominance in AI hardware.
With about 700 million people using ChatGPT each week, both companies framed the partnership as a step toward building the backbone of the AI economy.
Weather Alert: Super Typhoon Ragasa Hits the Philippines, Headed for Hong Kong and South China (Bloomberg)
Super Typhoon Ragasa lashed the northern Philippines on Monday with strong winds, heavy rains and landslides, forcing thousands to evacuate as schools closed and flights were canceled. The storm, a super typhoon with winds over 150 mph capable of severe destruction, is now heading toward Hong Kong and mainland China.
Growing Partnership:
UK, US Form Taskforce to Deepen Capital Markets and Crypto Ties (Bloomberg)
Daily Read Podcast: Prefer to listen instead of read? Tune in to today’s AI-created companion to this newsletter, available now on Spotify and
Apple Podcasts.
First Amendment Watch: Murdoch Asks Judge to Toss Out Trump’s $10 Billion Epstein Suit (Bloomberg)
Rupert Murdoch and News Corp. asked a US judge to dismiss President Trump’s $10 billion libel suit over a Wall Street Journal report on his ties to Jeffrey Epstein, calling it “an affront to the First Amendment.”
In a motion filed Monday in federal court in Miami, Murdoch argued the story about a birthday note Trump allegedly sent Epstein is true and not defamatory.
Source of Gun Violence: Charlie Kirk Assassin's Alleged Gun Was Powerful, Vintage and Hard to Trace (NBC News)
In the hours after Charlie Kirk’s assassination, investigators found a gun in a wooded area nearby.
Federal agents struggled to trace it. “It’s a hunting rifle, and people hunt legitimately,” said Greg Lickenbrock, author of Safe Gun Ownership for Dummies and senior firearms analyst at Everytown for Gun Safety, a group founded by Mike Bloomberg.
He noted that using such a rifle in a crime exposes gaps in law enforcement’s ability to track owners.
Climate of Hope in Rhode Island: Orsted Venture Wins Court Ruling to Restart Wind Farm Work (Bloomberg)
A federal judge allowed construction to resume on the $5 billion Revolution Wind project off Rhode Island, overturning a Trump administration stop-work order that halted it at 80% completion.
The ruling, after developers warned of “irreparable harm” if canceled, is a major boost for Orsted and Global Infrastructure Partners in the broader legal fight over the administration’s opposition to wind power.
Defense News, Pre-Approved: Pentagon Limits Journalists’ Access to Military Information (Bloomberg)
The
Metropolitan Opera's New Season: The
Amazing Adventures of Kavalier & Clay is a Knockout Staging of the Hit Novel (Financial Times)
The swift-moving, simplified adaptation which opened Sunday night is visually striking and sung by a terrific cast, according to the FT's review.
The Met's production is "an absolute knockout" with stage and orchestra coordination "virtually flawless" which, the FT review notes, is rare for the opening night of a new production.
Bloomberg employees have access to discount seats to select performances. Visit BOB for more information or the official website
to learn more. To read the FT review on the Terminal, click here.
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