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Oct 09 2026
Visa crackdown
Overview
Bloomberg’s Visa Crackdown morning briefing examines the United States’ indefinite suspension of an immigration programme used by major technology companies. The action affects firms including Microsoft, Cognizant Technology Solutions, Infosys and Wipro and forms part of a broader investigation into alleged visa fraud and the use of exchange-visitor visas.
The edition also covers movements in oil and equity markets, concerns surrounding artificial-intelligence investment, unregulated peptides, China’s green-energy advantage in the AI race and Apple’s reported plans for its first touch-screen MacBook.
Details
Newsletter: Bloomberg Morning Briefing Asia
Lead topic: US technology-sector visa crackdown
Visa-program suspension: The United States is indefinitely suspending an immigration programme used by technology companies after alleging widespread visa fraud.
Companies affected: The report identifies Microsoft, Cognizant Technology Solutions, Infosys and Wipro among the companies affected by the decision.
Microsoft scrutiny: US Vice President JD Vance singled out Microsoft as the programme’s largest alleged abuser.
Indian technology companies: The suspension may affect Indian IT companies that rely on international mobility programmes to deploy skilled employees in the United States.
Talent implications: The decision could restrict companies’ access to international technology professionals and disrupt existing workforce-planning arrangements.
Academic investigations: The US administration is also investigating the use of exchange-visitor visa programmes at nine prominent educational institutions, including Harvard.
Oil market: Oil’s rally moderated after US President Donald Trump said the United States would not attack Iran before the November midterm elections, citing productive discussions.
Brent crude: Brent crude futures had risen by as much as 5.7% after an Atlantic hurricane forced production reductions in the US Gulf.
Equity markets: A selloff in semiconductor companies pushed stock markets lower as investors questioned whether the scale of artificial-intelligence spending could be justified.
OpenAI revenue: OpenAI is reportedly generating annualised revenue of approximately $50 billion based on its current performance, below some previously reported estimates.
China’s currency policy: The People’s Bank of China rejected claims that the yuan is undervalued as trade discussions with the European Union began.
Currency transparency: China’s central bank plans to report foreign-exchange operation data to the International Monetary Fund beginning in 2027.
Chipotle and Starbucks: Chipotle shares rose following a report that Starbucks had explored a possible takeover proposal for the restaurant chain.
India-related development: Elon Musk questioned whether Mukesh Ambani was the “real boss of India” in a fresh public remark.
Peptide market: Unapproved peptides have moved from niche biohacking communities into a billion-dollar grey market promoted by podcasters, influencers and celebrities.
Cognitive-enhancement claims: Some users are experimenting with Semax, a Russian peptide promoted as a possible cognitive enhancer despite limited supporting evidence.
Payment methods: Cryptocurrency is frequently used to purchase peptides because banks and card networks may avoid suppliers owing to legal and regulatory risks.
Chinese supply chain: China’s chemical and pharmaceutical industries are reportedly a major source of unapproved peptides, raising public-health and regulatory concerns.
China’s AI strategy: A featured report examines whether China can use its large-scale solar and wind-generation capacity to strengthen its competitive position in artificial intelligence.
AI risk assessment: Bloomberg’s editorial view argues that concerns surrounding AI require prudence and careful regulation rather than panic.
Apple products: Apple is reportedly preparing to introduce its first touch-screen MacBook and a new iPad mini later in October 2026.
Target users: The expected Apple devices are designed partly for creative professionals working in video production, photography and music.
Other coverage: The edition also features reports concerning Josh Kushner’s investment empire, a Blue Origin funding round and Disney’s proposed large-screen cinema alternative to Imax.
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