Illustration: Sarah Grillo/Axios

The Department of Homeland Security posted a final rule on Wednesday that will further favor applicants of the H-1B high-skilled visa who have more than a Bachelor's degree and require them to pre-register electronically with U.S. Citizenship and Immigration Services before submitting their H-1B application.

Why it matters: The new system would make it statistically more likely for someone with a Master's degree from a U.S. university to receive an H-1B over those without their Master's or with one from a foreign university. The pre-registration system would ideally limit the paperwork USCIS has to go though, and will not be required until fiscal year 2020.

The big picture: Other proposals — and more controversial ones — are expected to follow this new rule, including one that would end work permits for the spouses of H-1B visa holders with pending green cards. Another could force employers to pay their H-1B employees more.

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Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 8 a.m. ET: 10,890,511 — Total deaths: 521,694 — Total recoveries — 5,772,017Map.
  2. U.S.: Total confirmed cases as of 8 a.m. ET: 2,739,879 — Total deaths: 128,740 — Total recoveries: 781,970 — Total tested: 33,462,181Map.
  3. Public health: The states where face coverings are mandatory Regeneron stops trial after drug fails to help patientsWhat we know about the coronavirus immune response — Fauci says it has been a "very disturbing week" for the spread of the coronavirus in the U.S.
  4. Business: Top business leaders urge the White House to develop mandatory mask guidelines.
  5. Politics: Herman Cain hospitalized for COVID-19 after attending Trump Tulsa rally — Biden downplays jobs number, rebukes Trump for ignoring health crisis.
  6. Economy: The economy may recover just quickly enough to kill political interest in more stimulus.
  7. States: Texas mandates face masks in public spaces Florida reports more than 10,000 new coronavirus cases, and its most-infected county issues curfew.

Markets swell as the economy shrinks

Illustration: Eniola Odetunde/Axios

The economy is sputtering, but the markets are thriving — a highly unusual event that shows how the coronavirus has thrown all bets off.

Why it matters: The disconnect adds to the wealth gap. The richest 10% of households — who own 84% of stocks — are getting richer, while millions of out-of-work Americans cross their fingers that pandemic unemployment benefits will be extended.

12 hours ago - Health

Fauci: Coronavirus surges mark a "very disturbing week" in the U.S.

Fauci testifies to the Senate Health, Education, Labor and Pensions Committee on June 30. Photo: Al Drago/AFP via Getty Images

NIAID director Anthony Fauci told medical journal JAMA on Thursday that it has been a "very disturbing week" for the spread of the novel coronavirus in the U.S.

What's happening: The number of coronavirus cases increased in the vast majority of states over the last week, and decreased in only two states plus the District of Columbia, Axios' Caitlin Owens reports.