Bloomberg News Now September 19, 2025: Trump to Add H-1B Visa Fee, Trump Says US Hit Drug Boat, More
Sep 20, 2025
Explore the White House's controversial proposal for a $100,000 H-1B visa fee. Hear about President Trump's assertion regarding a U.S. strike on a Venezuelan drug boat, along with the political shakeup as a Virginia U.S. attorney resigns. Learn how a federal panel has altered COVID shot guidance under RFK Jr., while the UN warns about cuts to humanitarian aid from reduced U.S. funding. Plus, insights on Oracle's potential cloud deal with Meta and fresh stock market highs.
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Major Overhaul Of H-1B Fees
- The Trump administration plans a major H-1B overhaul including a $100,000 application fee to curb perceived abuse.
- The proclamation would restrict H-1B entry unless the fee is paid, aiming to protect U.S. workers.
U.S. Strike On Drug Boat Claimed
- President Trump said the U.S. struck a drug trafficking vessel in international waters and killed three people aboard as part of anti-cartel actions.
- Timing and full details of the strike remained unclear from his post and previous announcements.
U.S. Attorney Replaced Amid Pressure
- A Virginia federal prosecutor probing NY AG Letitia James on mortgage fraud is resigning amid pressure from the Trump administration.
- Eric Siebert is being replaced as U.S. attorney amid a push to indict James, according to people familiar with the matter.