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The Trump administration has imposed stricter rules for obtaining student visas and has floated restricting the Optional Practical Training program intended to give foreign graduates U.S. work experience. However, a recent study by the Business Roundtable found that a loss of foreign students and workers could end up hurting native U.S. workers.

Why it matters: The report forecasts a potential reduction of GDP by $52 billion, a loss of 443,000 jobs and a cut to real hourly wages by 17 cents over the next 10 years.

"One of the misperceptions that exists today is that it’s one or the other," Francine Katsoudas, chief people officer at Cisco, which is a member of the Business Roundtable, told Axios. "That you ether have policies that are great from an immigration perspective, but hurt U.S. citizens, but it’s not like that. We have to execute flawlessly on both."

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The fight over fracking

Fracking has become a flashpoint in the election's final week, particularly in Pennsylvania where both President Trump and Joe Biden made stops on Monday. But much of the political rhetoric has ignored that the industry has gone from boom to bust, beset by layoffs, bankruptcies and fire-sale mergers.

Axios Re:Cap digs into the state of fracking, and what it means for the future of American energy, with Bob McNally, president of Rapidan Energy Group.

Democrats sound alarm on mail-in votes

Photo: Mark Makela/Getty Images

Democrats are calling a last-minute audible on mail-in voting after last night's Supreme Court ruling on Wisconsin.

Driving the news: Wisconsin Democrats and the Democratic secretary of state of Michigan are urging voters to return absentee ballots to election clerks’ offices or drop boxes. They are warning that the USPS may not be able to deliver ballots by the Election Day deadline.

Nxivm cult leader Keith Raniere sentenced to life in prison

Carts full of court documents related to the U.S. v. Keith Raniere case arrive at the U.S. District Court for the Eastern District of New York in May 2019. Photo: Drew Angerer/Getty Images

Nxivm cult leader Keith Raniere, 60, was sentenced to 120 years in prison on Tuesday in federal court for sex trafficking among other crimes, the New York Times reports.

Catch up quick: Raniere was convicted last summer with sex trafficking, conspiracy, sexual exploitation of a child, racketeering, forced labor and possession of child pornography. His so-called self-improvement workshops, which disguised rampant sexual abuse, were popular among Hollywood and business circles.