TRUMP SUSPENDS MICROSOFT FROM H-1B PROGRAM

The Trump administration has suspended Microsoft ($MSFT) from the federal program that lets companies sponsor H-1B workers for green cards, citing fraud. Vice President JD Vance says the company replaced every laid-off American worker with one and a half visa workers. It's the first time Washington has pulled a company of this size from the program, raising the regulatory bar for every big tech employer that leans on H-1B hiring.