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President Trump at the White House on August 3. Photo: Drew Angerer/Getty Images

President Trump told reporters on Monday that he had fired Tennessee Valley Authority (TVA) chair Skip Thompson after signing an executive order that targeted the federally owned company for outsourcing jobs to foreign countries.

Why it matters: TVA generates electricity and provides flood control and electricity generation for a region that covers most of Tennessee as well as sections of Mississippi, Kentucky, Alabama, Georgia, Virginia and North Carolina, AP reports.

What they're saying: "All TVA employees are U.S. based citizens. All jobs related to TVA’s Information Technology department must be performed by in the U.S. by individuals who may legally work in this country," the company said in response to the president.

  • "As a federal corporation, TVA’s Board members serve at the pleasure of the President. The Board’s by-laws allow for the Board to continue its oversight function with the loss of one or more of its members."
"We understand and support today's Executive Order. We want to ensure that U.S. employees have good opportunities through our employment and supply chain practices. We look forward to working with the White House, continuing a dialogue and supporting future policies in this direction."

Between the lines: "Trump acknowledged that he was made aware of the issue after seeing a television ad produced by U.S. Tech Workers, a nonprofit that wants to limit visas given to foreign technology workers, that aired in prime time on Fox News," AP's Zeke Miller reports.

Go deeper

The plunge in highly skilled work visas

Data: U.S. State Department via Migration Policy Institute: Note: Including E1, E2, H-1B, H-4, L-1, L-2, O-1, O-2, O-3, TN and TD visas; Chart: Andrew Witherspoon/Axios

Coronavirus has slammed the door on highly skilled foreign workers — amping up President Trump's push to limit American-based companies' hiring of foreigners.

Why it matters: The restrictions and bottlenecks may outlast the pandemic, especially if Trump wins reelection. Economists warn that could slow the U.S. recovery and reduce competitiveness.

1 hour ago - Health

Food banks feel the strain without holiday volunteers

People wait in line at Food Bank Community Kitchen on Nov. 25 in New York City. Photo: Michael Loccisano/Getty Images for Food Bank For New York City

America's food banks are sounding the alarm during this unprecedented holiday season.

The big picture: Soup kitchens and charities, usually brimming with holiday volunteers, are getting far less help.

4 hours ago - Health

AstraZeneca CEO: "We need to do an additional study" on COVID vaccine

Photo: Pavlo Gonchar/SOPA Images/LightRocket via Getty Images

AstraZeneca CEO Pascal Soriot said on Thursday the company is likely to start a new global trial to measure how effective its coronavirus vaccine is, Bloomberg reports.

Why it matters: Following Phase 3 trials, Oxford and AstraZeneca said their vaccine was 90% effective in people who got a half dose followed by a full dose, and 62% effective in people who got two full doses.

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