Trump's Visa Fee Hits Wall Street Hard

 

President Trump's new $100,000 H-1B visa fee, effective October 1st, is significantly impacting Silicon Valley and Wall Street. Major financial firms like JPMorgan Chase, Goldman Sachs, and American Express, heavily reliant on H-1B visas for skilled workers, were caught off guard by the executive order. Data shows these...

AI Tool Reclaims £500M in UK Fraud

 

A new UK government AI tool has recovered nearly £500 million in fraudulent funds, including £186 million related to Covid-19 pandemic schemes. The tool, the Fraud Risk Assessment Accelerator, identifies fraudulent activity by scanning policies for weaknesses. This success has led to the tool's licensing to other countries, including...

Disney Streaming Prices Increase

 

Disney is raising prices on its streaming services starting October 21st. The Disney+ ad-supported plan will increase by $2 to $11.99, while the ad-free plan rises by $3 to $18.99. Bundle prices are also increasing, with the Disney+ and Hulu bundle going up to $12.99 and the Disney+, Hulu, and...

Lilly invests $6.5B in Texas drug plant

 

Eli Lilly announced a $6.5 billion investment in a new Houston manufacturing facility to boost production of its drug pipeline, including its experimental obesity pill, orforglipron. This is the second of four planned US facilities totaling over $50 billion in investment since 2020. The new plant will create 615...

US Tariffs Cripple Indian Shrimp Industry

 

US tariffs on Indian shrimp imports, initially 25% and later doubled to 50%, have devastated India's shrimp industry. This has led to massive job losses, particularly affecting women working in processing plants who earn as little as $100 a month. Around 75-85% of Andhra Pradesh's shrimp exports went...

Morgan Stanley to Offer Retail Crypto Trading

 

Morgan Stanley plans to offer retail crypto trading through E-Trade by the first half of 2026. The firm, partnering with Zerohash, will initially offer Bitcoin, Ether, and Solana trading. This move follows earlier offerings of Bitcoin funds and reflects a broader industry trend of embracing digital assets. Morgan Stanley...

Zerohash Raises $104M in Crypto Funding

 

Crypto infrastructure firm Zerohash secured $104 million in Series D funding, achieving a $1 billion valuation. The round was led by Interactive Brokers, with participation from Morgan Stanley, SoFi, and Apollo. Zerohash provides blockchain-based solutions for crypto trading, stablecoins, and tokenization to financial institutions. This funding will accelerate...

JLR Cyberattack Extends Production Halt

 

Jaguar Land Rover (JLR), Britain's largest automaker, announced a production halt extension until at least October 1st, following an August cyberattack. The shutdown, affecting over 30,000 JLR employees and impacting the UK auto industry's supply chain, continues despite an ongoing investigation with law enforcement and the National Cyber Security...

Tech CEOs Divided on Trump's H-1B Fee

 

Nvidia CEO Jensen Huang and OpenAI CEO Sam Altman voiced support for President Trump's proposed $100,000 H-1B visa fee, believing it will attract top talent. They announced a $100 billion investment in OpenAI. Netflix's Reed Hastings also praised the fee, contrasting it favorably with the lottery system. However,...

Tech Leaders Optimistic on H-1B Changes

 

New H-1B visa changes causing confusion in Silicon Valley, but Nvidia CEO Jensen Huang and OpenAI CEO Sam Altman express optimism. The $100,000 fee addition, part of a recent executive order, is viewed by some as a way to attract highly skilled workers. Huang emphasized immigration's importance to...