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Netflix boss and outstanding Dem donor Reed Hastings on Sunday praised President Trump’s shock transfer to hike the H-1B visa software charge for expert staff to $100,000.
“I’ve labored on H1-B politics for 30 years. Trump’s $100k per yr tax is a good resolution,” Hastings wrote in a publish on X to his practically 150,000 followers.
“It should imply H1-B is used only for very excessive worth jobs, which can imply no lottery wanted, and extra certainty for these jobs.”
It was an surprising present of assist, since Hastings — the co-founder and chairman of Netflix — has emerged as one of many greatest donors to the Democratic occasion in recent times. He gave round $7 million to former Vice President Kamala Harris’ 107-day presidential marketing campaign, based on The Data.
Trump’s new coverage, which took impact Sunday, forces firms to cough up the $100,000 visa software charge for expert international staff.
Commerce Secretary Howard Lutnick mentioned the manager order is supposed to encourage American firms to rent and practice US staff, as a substitute of hiring international ones.
“In the event you’re going to coach any individual, you’re going to coach one of many latest graduates from one of many nice universities throughout our land. Prepare People. Cease bringing in individuals to take our jobs,” Lutnick mentioned.
In the meantime, Warner Bros. Discovery CEO David Zaslav is pushing for a bidding warfare over his $40 billion agency as David Ellison’s Paramount Skydance prepares a takeover bid – and reportedly hoping to gauge curiosity from Netflix, The Put up solely reported.
Netflix, Paramount, Skydance and Warner Bros. Discovery didn’t instantly reply to The Put up’s requests for remark.
Paramount Skydance has but to reveal an official bid for Warner Bros. Discovery, which owns the Warner Brothers studios and the HBO Max streaming service, in addition to cable networks like Discovery, TNT and CNN.
However the proposed bid may worth the corporate at as much as $24 a share, based on CNBC. It’s anticipated to be 70% to 80% money, backed partially by Larry Ellison, with the remainder in inventory.
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