In the week since the Trump administration's decision to slap a $100,000 fee on new H-1B applications, I've chatted with many HR leaders, C-suite executives and lawyers to get their take on it, and there's one word to sum up their feelings: confusion. That was the first word out of the mouth of Jyoti Bansal, CEO and founder of Harness, a $5 billion intelligent software delivery platform.
This policy is expected to have a positive impact on financial markets, particularly China's tech sector, which has been suffering from a slowdown in foreign investment and a shortage of specialized talent due to previously more restrictive policies. The "K" visa could help stimulate innovation within Chinese companies, especially start-ups, leading to improved performance of tech stocks in the medium to long term.
Many years ago, Dr. Stephen Hauser and his research team discovered how B cells were crucial to the damage caused by MS. They developed new treatments, including one medicine that is literally saving the life of someone I love dearly. (If you need hope here, read his amazing book.) I met Dr. Hauser a few days ago at a charity dinner in San Francisco, where he spoke about the breakthrough. I got to thank him for this miracle of science, while trying not to cry.