financetom
Business
financetom
/
Business
/
Trump administration freezes billions in grant funding to Harvard
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Trump administration freezes billions in grant funding to Harvard
May 26, 2025 1:39 AM

By Gram Slattery and Jarrett Renshaw

WASHINGTON, May 5 (Reuters) - The U.S. Department of

Education informed Harvard University on Monday that it was

freezing billions of dollars in research grants and other aid

until the elite university concedes to a number of demands from

the Trump administration, a senior department official said.

The move represents the latest salvo from a Trump

administration willing to use the power of the federal purse to

force institutions - from law firms to universities - to make

sweeping policy changes or else lose billions of dollars in

federal grants and contracts.

It has targeted Harvard over allegations of antisemitism on

campus during pro-Palestinian protests. The protests were

sparked by U.S. ally Israel's military assault on Gaza after the

October 2023 attack on Israel by Palestinian Hamas militants.

In recent weeks, the Trump administration has escalated its

actions against Harvard.

It began a formal review into nearly $9 billion in federal

funding for Harvard, demanded the university ban diversity,

equity and inclusion practices, and crack down on some

pro-Palestinian groups and masks in protests.

Harvard rejected numerous Trump demands last month, calling

them an attack on free speech and academic freedom. It sued the

Trump administration after it suspended about $2.3 billion in

federal funding for the educational institution, while also

pledging to tackle discrimination on campus.

Monday's action by the Education Department now escalates

the fight.

"The Trump administration won't stand by as taxpayer dollars

are used to support colleges that have tolerated antisemitism or

that support racist policies," a senior Education Department

official said.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Singular Genomics Gets Acquisition Proposal from Deerfield -- Shares Jump After Hours
Singular Genomics Gets Acquisition Proposal from Deerfield -- Shares Jump After Hours
Sep 13, 2024
04:57 PM EDT, 09/12/2024 (MT Newswires) -- Singular Genomics Systems ( OMIC ) said late Thursday it has received a non-binding proposal from Deerfield Management to buy all of its shares not already owned by Deerfield for $10 per share in cash. Deerfield said in its letter that it plans to invite other major shareholders and existing management to roll...
ITT Completes Acquisition of kSARIA Parent
ITT Completes Acquisition of kSARIA Parent
Sep 13, 2024
04:57 PM EDT, 09/12/2024 (MT Newswires) -- ITT (ITT) said late Thursday it completed the acquisition of kSARIA Parent, a producer of connectivity services for the defense and aerospace end markets, with a funding of a combination of about $460 million term loan and cash on hand. kSARIA generated roughly $175 million in sales during 2023. ...
Day One Biopharmaceuticals Insider Sold Shares Worth $426,675, According to a Recent SEC Filing
Day One Biopharmaceuticals Insider Sold Shares Worth $426,675, According to a Recent SEC Filing
Sep 13, 2024
04:52 PM EDT, 09/12/2024 (MT Newswires) -- Samuel C. Blackman, Head of R&D, on September 10, 2024, sold 30,000 shares in Day One Biopharmaceuticals ( DAWN ) for $426,675. Following the Form 4 filing with the SEC, Blackman has control over a total of 2,097,535 shares of the company, with 1,097,535 shares held directly and 1,000,000 controlled indirectly. SEC Filing:...
Ampco-Pittsburgh Unit Gets $8.7 Million Order
Ampco-Pittsburgh Unit Gets $8.7 Million Order
Sep 13, 2024
04:54 PM EDT, 09/12/2024 (MT Newswires) -- Ampco-Pittsburgh ( AP ) said its Air and Liquid Systems unit received an $8.7 million order for a custom air handling project for an undisclosed major pharmaceutical company. The order is expected to ship next year, Ampco-Pittsburgh ( AP ) said Thursday in a statement. Ampco-Pittsburgh ( AP ) shares fell 7.7% in...
Copyright 2023-2026 - www.financetom.com All Rights Reserved