The US government has suspended Microsoft, Adobe, and several major IT firms from a program that helps skilled foreign workers obtain green cards, citing fraud accusations. The administration aims to prioritize hiring American workers and will halt new and pending labor certification applications for these companies. This move also includes an investigation into nine universities for allegedly abusing international student programs to undercut American wages. The decision impacts tech companies heavily reliant on H-1B visas, especially those employing many workers from India.
Microsoft shares on Pluang are priced at USD 530.83 with a slight 1-day gain of 0.20%, while Adobe trades at USD 233.43, up 0.28% as of Oct 08, 2026 22:51 WIB. Despite the US government's suspension of these tech giants from the skilled foreign worker green card program, investor activity on Pluang shows a dominant 84% sell sentiment for Microsoft and a balanced buy-sell interest for Adobe. This data highlights how the news is intersecting with current market behavior among Pluang users.
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