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Stock impact report

Trump's $100,000 H-1B Visa Application Fee Upheld by Judge [Yahoo! Finance Canada]

Meta Platforms, Inc. - Class A (META) 
Most Read from Bloomberg Howell rejected the Chamber's argument that the president doesn't have the power to impose the fee, finding that his proclamation was issued under “an express statutory grant of authority to the President.” “Here, Congress has granted the president broad statutory authority, which he has used to issue the proclamation addressing, in the manner he sees fit, a problem he perceives to be a matter of economic and national security,” she wrote. Daryl Joseffer, the Chamber's executive vice president, said in a statement the $100,000 fee makes H-1B visas cost prohibitive. “We are disappointed in the court's decision and are considering further legal options to ensure that the H-1B visa program can operate as Congress intended: to enable American businesses of all sizes to access the global talent they need to grow their operations,” Joseffer said. The H-1B visa program is a cornerstone of employment-based immigration, allowing companies in the US to hire c Show less Read more
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