Trump's $100K Visa Move Threw Us, Says Cathie Wood

Bloomberg TechnologyMonday, September 22, 2025 at 9:27:18 AM
NegativeTechnology
Trump's $100K Visa Move Threw Us, Says Cathie Wood
President Donald Trump's recent decision to impose a $100,000 application fee on the H-1B visa program has raised significant concerns among business leaders and economists. This move, aimed at overhauling the US legal migration system, disproportionately affects companies that rely on skilled foreign workers, potentially stifling innovation and growth in key sectors. Cathie Wood, CEO of Ark Invest, expressed her dismay, highlighting how this policy could deter talent and harm the US economy in the long run.
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