US Suspends Visa Program for Tech Firms Including Microsoft

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Summary · why it matters

The Trump administration has suspended an immigration program for multiple tech firms including Microsoft, according to Bloomberg's Wendy Benjaminson. Benjaminson said President Trump is balancing shoring up support from tech firms for his vision of an AI future with a base that remains anti-immigration, and that canceling the H1B visa program or limiting it as he did today will scratch that itch while he tries to keep the tech companies close for other reasons. She noted Trump has met with tech executives including the Microsoft CEO and given them medals, and that he wants a unified voice, his voice, on AI regulation, having posted on social media that anyone who does not use his term for AI, which he has dubbed superior intelligence, is considered the enemy. Benjaminson also discussed Trump's announcement on Truth Social that the US would not be striking Iran until after the midterm elections, saying that even without strikes voters are not going to forget the impact of war with Iran on affordability, with the latest polling she saw showing 26% of American adults in favor of the war. She added that Iran is still striking tankers in the Gulf and a naval blockade remains in place, so the possibility of harm to commercial ship crew and American military personnel persists whether or not the US launches strikes.

Impact on assets 1

Artificial Intelligence▼
Microsoft Corporation
MSFT
▼ NegativeRegulationrelevance

Trump administration suspended the H1B immigration program used by tech firms including Microsoft, restricting its access to foreign skilled workers.