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Trump's $100K H-1B Visa Fee & The TikTok Oracle Deal
Join Mike Malone and Scott Budman on "The Silicon Insider" as they dissect President Trump's executive order imposing a $100,000 fee for new H-1B visas, sparking debate over whether it benefits large tech companies like Amazon and Meta by locking out smaller competitors. The hosts review the surprising resilience of the US economy, noting the 3.8% GDP growth despite slowing consumer sentiment. A major topic is President Trump's signature on a deal to transfer operational control of TikTok to a consortium of American investors, specifically naming Larry Ellison of Oracle, though the low valuation and China's lack of a signature are questioned. Finally, the hosts cover Amazon's $2.5 billion Prime settlement for alleged consumer deception and discuss a Silicon Valley startup using AI to engineer psychedelics without the hallucinogenic side effects.
Published on 2 months, 3 weeks ago