Bloomberg News Now June 4, 2025: Trump Travel Ban, Bars Foreign Student Visas at Harvard, More
Jun 5, 2025
The discussion dives into President Trump's travel ban impacting twelve countries, raising concerns about vetting processes. It highlights the implications for foreign students at prestigious Harvard University. The podcast also covers significant moves by the Education Department regarding Columbia University's accreditation, amid allegations of civil rights violations. On the business front, listeners learn about Kimberly-Clark's sale of its tissue division and the buzz around pre-orders for Nintendo's upcoming Switch 2, showcasing noteworthy market trends.
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Trump's Controversial Travel Ban
- President Trump issued a travel ban on nationals from 12 countries due to vetting and screening concerns.
- This policy targets countries including Yemen, Somalia, Haiti, and Iran among others.
Harvard Student Visa Restrictions
- Trump barred foreign nationals from entering the U.S. to study at Harvard over disciplinary and national security concerns.
- He alleges Harvard underreported student records and aided Chinese military modernization.
Senate Views on Tax Bill
- Senate Majority Leader John Thune emphasized teamwork to pass Trump's tax bill as failure was not an option.
- Democratic Senator Peter Welch opposed the bill citing concerns over increasing debt and lack of growth focus.