October 28, 2020

PRESIDENT BIDEN CAN GET A BOOM...:

Trump's H-1B ban may have shaved $100 billion off America's biggest firms (Ananya Bhattacharya, 10/28/20, Quartz)

The Donald Trump administration's decision to temporarily suspend the H-1B visa programme has taken a toll on the valuations of several large American companies.

The cumulative average abnormal returns (CAARs) of 471 companies from the Fortune 500 list dropped by 0.45%--equivalent to over $100 billion--in the 10 days after the order to halt H-1B was signed on June 22, according to a new study (pdf). The CAAR is used to measure the effect of lawsuits, buyouts, and other events.


...just by undoing Trumpism.

Posted by at October 28, 2020 12:00 AM

  

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