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AP

Changes to U.S. immigration policies may be abstract for many people, but for one startup, it was a very real roadblock. Y Combinator CEO Michael Seibel said that two of the three founders of a company in the latest cohort couldn't get the necessary visa to attend this summer's program. (He declined to provide more details about the startup to protect the founders' privacy.) A growing problem: Immigration policies are incredibly consequential for Silicon Valley — many of its most successful entrepreneurs have been immigrants or children of immigrants. And it's a particular problem for Y Combinator, which has made huge efforts recently to recruit startups internationally for its accelerator. In this latest cohort, 28% of the companies were not from the U.S., representing 16 other countries from around the world. Rule delay: President Trump's recent decision to delay the Obama-era International Entrepreneur Rule, which would have made it easier for foreign startup founders to run their companies in the U.S., has been a particular disappointment for the tech industry. One possible response: Law firm Mayer Brown is currently exploring potentially challenging the delay. The firm has reached out to Y Combinator and the tech community to learn more about its impact on the industry though there's nothing concrete under way yet, Mayer Brown partner Paul Hughes tells Axios.

Go deeper

Updated 6 hours ago - World

Mexican President López Obrador tests positive for coronavirus

Mexico's President Andrés Manuel López Obrador during a press conference at National Palace in Mexico City, Mexico, on Wednesday. Photo: Ismael Rosas/Eyepix Group/Barcroft Media via Getty Images

Mexican President Andrés Manuel López Obrador announced Sunday evening that he's tested positive for COVID-19.

Driving the news: López Obrador tweeted that he has mild symptoms and is receiving medical treatment. "As always, I am optimistic," he added. "We will all move forward."

7 hours ago - Politics & Policy

Sarah Huckabee Sanders to run for governor of Arkansas

Sarah Huckabee Sanders at FOX News' studios in New York City in 2019. Photo: Steven Ferdman/Getty Images

Former White House press secretary Sarah Huckabee Sanders will announce Monday that she's running for governor of Arkansas.

The big picture: Sanders was touted as a contender after it was announced she was leaving the Trump administration in June 2019. Then-President Trump tweeted he hoped she would run for governor, adding "she would be fantastic." Sanders is "seen as leader in the polls" in the Republican state, notes the Washington Post's Josh Dawsey, who first reported the news.

Coronavirus has inflamed global inequality

Illustration: Aïda Amer/Axios

History will likely remember the pandemic as the "first time since records began that inequality rose in virtually every country on earth at the same time." That's the verdict from Oxfam's inequality report covering the year 2020 — a terrible year that hit the poorest, hardest across the planet.

Why it matters: The world's poorest were already in a race against time, facing down an existential risk in the form of global climate change. The coronavirus pandemic could set global poverty reduction back as much as a full decade, according to the World Bank.