- In right this moment’s CEO Day by day: Diane Brady talks about Trump’s assault on the schools.
- The large story: U.S. debt traders don’t like Trump’s “big beautiful bill.”
- The markets: The bond market is awake and indignant.
- Analyst notes from UBS on Moody’s downgrading U.S. debt, Macquarie on the tip of American exceptionalism, Convera on the U.S.’s “Liz Truss” downside, and Pantheon on the mortgage market.
- Plus: All of the information and watercooler chat from Fortune.
Good morning. The Trump administration dealt a shocking blow to U.S. enterprise with its order to dam Harvard College’s capability to enrol worldwide college students. About 1.1 million worldwide college students enrolled in U.S. faculties and universities final 12 months, contributing $43.8 billion to the U.S. financial system. As everyone knows, many keep on to file patents, discovered firms, and gasoline financial progress.
Whereas the White Home’s newest missive could also be struck down by the courts, its marketing campaign to vilify elite faculties and immigrants may trigger everlasting harm to U.S. innovation. Immigration officers have additionally threatened graduates on short-term work visas—the so-called Elective Sensible Coaching allow—with deportation in the event that they don’t report employment inside 15 days of receipt. There’s a lot extra that it’s arduous to record right here.
I first got here to the U.S. on a international scholar visa. I might not have are available in right this moment’s hostile surroundings. I ponder how lots of the practically 6,800 college students at Harvard—27% of its enrollment—really feel the identical manner. However this isn’t about Harvard. A rustic constructed on attracting the very best and brightest from around the globe is more and more telling future generations of expertise to go away.
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Contact CEO Day by day by way of Diane Brady at diane.brady@fortune.com
This story was initially featured on Fortune.com
