Good evening and welcome to Markets Desk.
The Trump administration is moving to require foreign nationals to leave the United States before applying for permanent residency, a significant tightening of green card policy that could send shockwaves through corporate America. Businesses relying on skilled immigrant labor are watching closely, as the operational and legal costs of compliance could be substantial.
Shifting to capital markets, Bill Ackman's Pershing Square has made a notable portfolio pivot, exiting most of its Alphabet position after holding it since early two thousand twenty three and rotating into a separate artificial intelligence name on the dip. The move signals that even among the most sophisticated long-term allocators, conviction in the AI trade is very much alive, just not uniformly distributed across the sector.
And in a story that sits at the intersection of technology and public health, new reporting highlights how imbalances baked into AI training data are producing distorted mental health guidance for users who rely on these tools. The concern is that flawed inputs at the model level translate directly into flawed outputs at the most vulnerable moments for real people, a regulatory gap that lawmakers have yet to meaningfully address.
That's the tape. Markets Desk, signing off the floor.
