Trump administration may exempt doctors from $100,000 H-1B visa fee - Bloomberg

Nvidia's decision to invest up to $100 billion in OpenAI marks a significant step in the advancement of artificial intelligence technology. This investment will help build new data centers and enhance the infrastructure necessary for AI development, utilizing Nvidia's powerful chips to train and deploy OpenAI's models. This partnership not only strengthens Nvidia's position in the AI market but also accelerates innovation in the field, making it a crucial development for tech enthusiasts and businesses alike.

Citadel Securities, known for its high-speed trading, relies on a unique 50-pound 'goal book' that compiles targets from its nearly 1,800 employees. This annual binder, hand-delivered to the CEO, showcases the company's commitment to collaboration and strategic planning. Bloomberg's Katherine Doherty highlights how this old-school approach complements their cutting-edge trading technology, emphasizing the importance of teamwork in achieving financial success.

Federal Reserve Governor Stephen Miran recently stated that President Donald Trump has never requested him to implement any specific policies. This remark, made during an event at the Economic Club of New York, highlights the independence of the Federal Reserve in setting monetary policy, which is crucial for maintaining economic stability.

Pfizer is making headlines by entering the obesity drug market with a significant $5 billion acquisition of a startup, signaling its commitment to tackling this growing health issue. This move is particularly important as obesity rates continue to rise, and effective treatments are in high demand. Additionally, the news comes amidst a backdrop of political and corporate shifts, including Trump's focus on H-1B workers and Oracle's leadership changes, making it a pivotal moment for both the pharmaceutical industry and the broader market.

Pfizer is making a significant move in the obesity treatment market by acquiring the startup Metsera for $4.9 billion. This acquisition is crucial for Pfizer as it seeks to enhance its portfolio and compete with other drugmakers in the weight-loss sector. With the growing demand for effective obesity treatments, this strategic purchase could position Pfizer as a key player in a rapidly evolving market, potentially leading to innovative solutions for those struggling with weight management.

Porsche's recent decision to scale back its electric vehicle plans has led to a significant drop in its stock, marking the largest decline on record. The luxury carmaker is shelving a future electric SUV and shifting focus back to gas and hybrid models, which is expected to result in a $2.1 billion profit hit. This is the fourth time this year that Porsche has cut its guidance, raising concerns about its future in the competitive EV market. The implications of this pivot are crucial, as it reflects broader challenges faced by automakers in balancing innovation with profitability.

T-Mobile is making a significant leadership change by promoting Srini Gopalan to CEO, effective November 1, while Mike Sievert transitions to vice chairman. This move is seen as a strategic decision to drive growth and innovation within the company. Both Gopalan and Sievert shared insights on 'Bloomberg Tech' about the future direction of T-Mobile, highlighting their commitment to enhancing customer experience and expanding market presence. This change is important as it signals T-Mobile's readiness to adapt and evolve in a competitive telecommunications landscape.

In a surprising turn of events, a prominent Democrat from Silicon Valley has praised Trump's proposed $100,000 fee for H-1B visas as a 'great solution.' This endorsement highlights a growing consensus among some tech leaders, including Elon Musk, who have expressed their willingness to fiercely defend the H-1B program. This matters because it reflects a significant shift in the conversation around immigration and its impact on the tech industry, suggesting that some are willing to embrace new approaches to ensure the continued influx of talent.

Bloomberg Surveillance, hosted by Jonathan Ferro, Lisa Abramowicz, and Annmarie Hordern, provides invaluable insights from key leaders and decision-makers in finance and politics. This program is essential for investors and executives looking to navigate the trading day effectively, making it a must-watch for anyone involved in the financial markets.

Anson Funds has advised Clear Channel Outdoor to consider a potential sale, highlighting the ongoing discussions in the advertising and outdoor media sectors. This move could signal a shift in strategy for Clear Channel, which may impact its market position and investor confidence. As the outdoor advertising landscape evolves, such decisions are crucial for companies looking to adapt and thrive.

The ongoing discussions around Gatwick Airport's second runway have sparked a mix of opinions, with Green Party member Zack Polanski labeling the approval a 'disaster.' Meanwhile, the potential impact of Trump's proposed $100,000 H-1B visa fee raises concerns about its effect on US economic growth. This news is significant as it highlights the tension between infrastructure development and environmental considerations, as well as the broader implications for immigration policy and economic health.

Pennsylvania Governor Josh Shapiro has criticized President Donald Trump's energy policies, claiming they hinder energy production and could result in job losses in the sector. Speaking at a summit in Philadelphia, Shapiro emphasized the need for changes by power grid operator PJM Interconnection LLC to lower electricity prices. This discussion highlights the ongoing debate over energy policies and their impact on jobs and costs, making it a significant issue for both the economy and consumers.

Spirit Airlines has announced that it will place one-third of its flight attendants on leave, a decision that raises concerns about job security and operational capacity. This move comes as the airline faces challenges in maintaining staffing levels amid fluctuating travel demand. It highlights the ongoing struggles within the aviation industry as companies navigate the impacts of the pandemic and economic uncertainties.

Teresa Ribera, the European Commission's executive VP, emphasizes the EU's commitment to fair competition as American tech companies expand into Europe. This is significant because it highlights the EU's proactive stance on maintaining a level playing field, ensuring that both local and foreign companies adhere to the same standards. As the tech landscape evolves, these measures could foster innovation while protecting consumers and businesses alike.

CRH stock has reached an all-time high of 114.84 USD, marking a significant milestone for the company and its investors. This surge reflects strong market confidence and could indicate positive growth prospects for CRH in the future, making it an exciting time for stakeholders.

S4 Capital has been downgraded by Moody's from B1 to B2, reflecting concerns over its declining revenue. This downgrade is significant as it may impact the company's ability to attract investment and could lead to higher borrowing costs. Investors and stakeholders will be closely monitoring how S4 Capital addresses these challenges moving forward.

Aris Mining Corp's stock has reached a 52-week high of 9.95 USD, reflecting strong investor confidence and positive market trends. This milestone is significant as it indicates the company's robust performance and potential for future growth, making it an attractive option for investors looking to capitalize on mining sector opportunities.

US tech shares remained stable following President Trump's announcement of a new $100,000 fee for H-1B visas. This move is significant as it could impact the hiring practices of tech companies that rely on skilled foreign workers. Investors are watching closely to see how this policy will affect the industry's growth and innovation.