Industry

On Monday’s episode of The Alex Marlow Show, Breitbart Editor-in-Chief Alex Marlow sharply criticized the current use of H-1B visas, describing the system as a tool for corporate elites to undercut American workers. Marlow argued that the program, originally intended to fill labor shortages in specialized fields, has been abused to displace U.S. workers while driving down wages.

Tesla CEO and X owner Elon Musk has reversed his stance on the H-1B visa program, now calling for a “major reform” of the system just days after defending it vigorously. Musk, who had previously clashed with former President Donald Trump’s supporters over the issue, now labels the H-1B system as “broken” and advocates for significant changes.

American credit card defaults have surged to the highest levels since the aftermath of the 2008 financial crisis, as consumers continue to grapple with years of high inflation. In the first three quarters of 2024, credit card lenders wrote off $46 billion in delinquent loan balances, marking a 50 percent increase from the same period last year. These write-offs, considered a highly monitored measure of loan distress, are the highest since 2010, according to industry data gathered by BankRegData.

The Environmental Protection Agency (EPA) has approved a project based in Florida that uses radioactive waste.

New York will fine fossil fuel companies $74 billion over the next 25 years for environmental damage. The bill creates a "Climate Superfund" that supports state projects bolstering its environmental agenda.

Farmers and voters in California's Central Valley, the state's agricultural heartland, are facing uncertainty over the potential impact of mass deportations under President-elect Donald Trump.

The United States announced that it is investigating China's semiconductor industry.

An adult in Los Angeles County has been confirmed as the area's first human case of bird flu.

Ford Motor Co. announced Monday it is donating $1 million and a fleet of vehicles to support President-elect Donald Trump's upcoming January inauguration.

At a recent press conference at Mar-a-Lago, President-elect Donald Trump made a bold promise to take on the powerful Pharmacy Benefit Managers (PBMs) responsible for inflating prescription drug prices in the U.S. Trump criticized PBMs, calling them a “horrible middleman” that profits by driving up drug costs without adding value. He vowed to eliminate the middleman and reduce drug prices to levels “that nobody has ever seen before.”