02:15
freezing billions
Harvard University’s endowment is in advanced talks to sell about $1 billion in private equity fund interests, a source familiar with the matter told Reuters on Thursday.
The U.S. Department of Homeland Security on Wednesday escalated its standoff with Harvard University, threatening to revoke the school’s ability to enrol foreign students unless it complies with demands from the Trump administration.
The Trump administration is cutting off more than $2.2 billion in federal grants and $60 million in contracts to Harvard University, escalating its pressure campaign against elite academic institutions over campus activism and protest.
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