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White House blocks Microsoft from foreign worker hiring program

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⚡ Instant Key Takeaways (TL;DR)
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Core Development: White House blocks Microsoft from foreign worker hiring program
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Market & Financial Impact: An international visa program has for years allowed US tech companies to hire highly skilled workers from abroad.
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Actionable Insight: Monitor price volume action at market open; check key technical support/resistance levels.

The White House has often made extreme claims regarding international workers and immigration.

Microsoft and several other technology firms have been barred by the White House from hiring skilled international workers on a permanent basis through a widely used visa program.

Vice President JD Vance on Thursday accused Microsoft alongside other firms of committing fraud through the use of the H1b visa programme and a related process for workers from abroad to become permanent US residents.

Vance claimed that Microsoft, one of the most valuable in the US, has been effectively replacing American workers with "foreign indentured servants."

Microsoft said most of the H1b visas filed over the last financial year were for existing workers, who are paid the same as local staff.

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Official Publisher Attribution: This report is aggregated from Bloomberg. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.
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