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Susan Melkisethian / Flickr cc

Trump's aggressive immigration actions stand to have a profound impact on the tech industry, as over a third of Silicon Valley's population are immigrants. Undocumented tech workers seem to be keeping a low profile, "because they fear for themselves and their families," said Laura Gomez, a former employee at YouTube and Twitter who now works with diversity and immigration groups, to The Verge.

What's next: Trump is exploring ways to undo Deferred Action for Child Arrivals (DACA), an Obama-era order that protected about 750,000 people from deportation. Now people worry their work permits, approved under DACA, will be used to target them in future raids, Gomez said.

Tech impact: Not only do efforts to crack down on immigrant work permits directly impact Silicon Valley employees and their families, it also makes filling crucial jobs and building a diverse workforce even harder than it already is. For example, it poses threats to several undocumented immigrants who have joined tech organizations like Code2040 that work to help DREAMers get their foot in the door at major tech companies.

Go deeper

2 hours ago - Health

NYC to impose vaccine mandate on private employers

New York City Mayor Bill de Blasio (D) on Monday announced a new COVID vaccine mandate for all private companies.

Why it matters: De Blasio, speaking on MSNBC's "Morning Joe," said the "first-in-the-nation measure" will go into effect starting Dec. 27. It will apply to approximately 184,000 businesses.

D.C.-Beijing tensions are shifting markets

Illustration: Aïda Amer/Axios

U.S. markets stand to lose $2 trillion in value if D.C. and Beijing drift further apart.

Why it matters: Political chasms are showing up in new securities regulations that put companies and investors in a bind. The rules are also another reflection of how much relations between the world’s largest economies have cooled, even as they remain economically interdependent. 

5 hours ago - Health
Axios Investigates

Documents reveal the secrecy of America's drug pricing matrix

Illustration: Aïda Amer/Axios

American businesses spend hundreds of billions of dollars a year on prescription drugs, and the bills keep getting bigger. But some of the companies promising to help rein in those costs prevent employers from looking under the hood.

Why it matters: Documents provided to Axios reveal a new layer of secrecy within the maze of American drug pricing — one in which firms that manage drug coverage for hundreds of employers, representing millions of workers, obscure the details of their work and make it difficult to figure out whether they're actually providing a good deal.