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via finance.yahoo.comPolitics

US suspends Microsoft, Adobe, others from green card program, cites abuse

FROM THE WIRE · FINANCE.YAHOO.COM

Investing.com -- The U.S. government suspended Microsoft and Adobe from a program that allows skilled foreign workers to gain permanent residency, Vice President JD Vance announced Thursday. Before you buy NVIDIA: our AI model's stock picks are beating the market by 120%+. See…

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishUS government suspends Microsoft and Adobe from PERM green card program citing fraud allegations.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The US government suspended Microsoft and Adobe from the PERM green card program citing fraud.
  2. 02Vice President JD Vance announced the suspension, emphasizing the need to hire American workers.
  3. 03Labor Secretary suspended multiple major IT firms from the Permanent Labor Certification Program.
  4. 04The PERM program allows companies to apply for green cards for H-1B visa workers.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Microsoft CorporationMSFTStock529.62 USD-0.12%today -0.03%Negative Adobe Inc.ADBEStock234.35 USD+0.93%today +0.68%Negative Infosys LimitedINFYStock10.35 USD+0.53%today -1.94%Negative Cognizant Technology Solutions CorporationCTSHStock56.95 USD+1.39%today -0.21%Negative Wipro LimitedWITStock1.62 USD+0.31%today -2.99%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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