Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on the day's biggest business stories

Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Stay on top of the latest market trends

Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Get the inside stories

Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Denver news?

Get a daily digest of the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Des Moines news?

Get a daily digest of the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Twin Cities news?

Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Tampa Bay news?

Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Charlotte news?

Get a daily digest of the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Nashville news?

Get a daily digest of the most important stories affecting your hometown with the Axios Nashville newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Columbus news?

Get a daily digest of the most important stories affecting your hometown with the Axios Columbus newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Dallas news?

Get a daily digest of the most important stories affecting your hometown with the Axios Dallas newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sign up for Axios NW Arkansas

Stay up-to-date on the most important and interesting stories affecting NW Arkansas, authored by local reporters

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Andrew Harnik / AP

Trump will sign an executive order, "Buy American, Hire American," Tuesday in Kenosha, Wisconsin, according to two senior administration officials who briefed reporters Monday. Here's what's in the order:

  • The order will call on the U.S. Trade Representative and the Commerce Department to maximize content made in America and "minimize waivers and exceptions to Buy American laws" in trade with other countries.
  • An overhaul of the H-1B high-skilled worker visa program, calling to move away from the current lottery system to a merit-based system that prioritizes higher-paying jobs.

Why move to a merit system? The officials said the current lottery system undercuts American workers and pulls down wages.

The reality is we have large number of unemployed American workers. The state is we have guest worker programs that bypass those Americans.
  • Trump is keeping a promise: Trump campaigned on making major changes to the H-1B visa program, which many big tech and IT consulting firms use to bring in foreign workers to fill technical jobs. While many companies claim they need visas for jobs they can't find qualified Americans to fill, Trump has accused some companies of abusing the program by using the visas to hire cheaper overseas workers.
  • Why now: The annual H-1B lottery, which took place earlier this month, received 199,000 applications for the statutory limit of 85,000 visas within four days of opening. The administration had announced relatively small moves to curb fraud and abuse and to crack down on firms that rely too heavily on the guest-worker visas to fill U.S. jobs, especially those that tend to be lower-skilled and lower-payed. But many expected Trump to pursue the broader reforms he promised on the campaign trail.

Why it matters: Restructuring the way H-1B visas are doled out has significant implications for the companies that use them to fill jobs, hitting hardest so-called outsourcing firms — many based in India — that typically use these visas to help staff corporate IT departments.

While many Silicon Valley firms reserve their H-1B visas applications to fill specialized jobs, they also use outsourcing firms and some types of mid-level-skilled jobs, so they'll also feel the pinch in some areas.

Caveat: The Trump administration can't change the number of visas awarded every year — only Congress can do that. The senior administration officials said they are looking to create an entirely new structure for allocating those visas as a "transitional step" to making sure high-skilled, high-wage jobs get priority in the visa pipeline. The changes still need to undergo federal agency review.

Go deeper

Felix Salmon, author of Capital
23 mins ago - Technology

Facebook's scandals have been great for shareholders

Expand chart
Data: YCharts; Chart: Axios

Facebook has been embroiled in scandal for the past five years, and while the specific allegations change over time, a central theme is constant. Given the choice between commercial and moral imperatives, Facebook always seems to choose the option that is best for the share price.

Why it matters: Facebook's stock chart supports that narrative. Since the 2016 scandals alleging that the social network was infiltrated by foreign actors trying to influence the outcome of democratic elections, Facebook's revenues — and its stock — have been soaring.

Biden to tap telecom trio for NTIA, FCC posts

Jessica Rosenworcel. Photo: Bill Clark/CQ Roll Call

President Joe Biden on Tuesday is expected to name Alan Davidson as head of the telecom arm of the Commerce Department, Jessica Rosenworcel as chairwoman of the Federal Communications Commission and Gigi Sohn as a commissioner at the FCC, according to a person familiar with the process.

Why it matters: Internet availability and affordability has been a key policy priority for the White House, but the administration lagged in tapping people for the agency posts that oversee the issues.

2 hours ago - Technology

Facebook seeks fountain of youth

Data: Piper Sandler Taking Stock With Teens Study; Chart: Axios Visuals

Facebook CEO Mark Zuckerberg on Monday said that the company is pivoting its strategy to focus on young adults, following reports that teens have fled its apps.

Why it matters: A series of stories based on leaked whistleblower documents suggest the company sees the aging of its user base as an existential threat to its business.