Trump administration gets sued by Harvard for freezing federal funds

Source Cryptopolitan

On Monday, Harvard University sued the Trump administration to halt what it calls an “unlawful” plan to pause over $3 billion in federal funds.

In a statement, Harvard’s president, Alan Garber, said the government’s “sweeping and intrusive demands . . . would impose unprecedented and improper control over the University,” causing “stark real‑life consequences for patients, students, faculty, staff, researchers, and the standing of American higher education in the world.”

Soon after this action, over 150 US university leaders issued a declaration opposing “undue government intrusion” on campuses. Signatories included the presidents of Princeton, MIT, Brown, Yale, and a few others.

The administration says that the university has failed to address antisemitism. Earlier this month, it froze $2.2 billion in federal support and sought to block future grants worth hundreds of millions to Harvard and four other top universities.

Harvard gets into it with Trump administration

An email leaked to the journal Nature and shared on X on Monday showed a senior NIH official telling colleagues to “hold off on making awards” to Harvard, Brown, Columbia, Cornell and Northwestern, without explanation; these five schools received $1.7 billion in NIH grants last year.

The Trump administration has also threatened to strip the university of its tax‑exempt status after university leaders refused demands for tight government controls.

Seven institutions have faced targeted funding cuts since March. Cornell’s president, Michael Kotlikoff, said in an email Monday that he had received none of the official notices confirming a $1 billion freeze announced in early April.

However, he added that Cornell researchers have been served “stop work” orders by federal funders and said the university was “responding forcefully,” including legal, strategic, and policy‑level actions.

The government has revoked hundreds of student visas

Meanwhile, the government has stepped up detentions of pro‑Palestinian student protesters nationwide and revoked hundreds of international student visas. Officials told the university to provide records of its “foreign student visa holders’ illegal and violent activities” or lose eligibility to host overseas students.

Harvard said that it would “not surrender its independence or relinquish its constitutional rights.” Garber added, “We will continue to comply with the law and expect the administration to do the same.”

The university formed committees to study antisemitism and released preliminary recommendations last summer. Garber said that these findings and a separate report on Muslim, anti‑Arab, and anti‑Palestinian bias would be published “soon.”

The Wall Street Journal reported that the administration’s antisemitism task force was upset by Harvard’s choice to make its letter public and planned further freezes of around $1 billion.

Harvard’s refusal to comply—unlike Columbia University’s agreement to overhaul its governance and student discipline—sparked a wave of alumni donations to Harvard.

Faculty, students, and alumni at other campuses have also called for coordinated resistance to the Trump administration’s actions against higher education.

Harvard is better positioned than most universities to weather cuts in federal support, thanks to its $53 billion endowment—the largest of any US higher education institution. Harvard and other universities have tapped bond markets for short‑term cash revenue, and some even imposed hiring freezes and other cost‑saving steps.

Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Gold Price Analysis Today | Forex Gold Analysis | XAU/USD Analysis - November 10, 2026Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for November 10, 2026. Read on for the details.
Author  Mitrade
Nov 10, Tue
Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for November 10, 2026. Read on for the details.
placeholder
Gold Price Analysis Today | Forex Gold Analysis | XAU/USD Analysis - November 11, 2026Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for November 11, 2026. Read on for the details.
Author  Mitrade
Nov 11, Wed
Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for November 11, 2026. Read on for the details.
placeholder
Nvidia slid 7.7% after hours while AMD and Broadcom rose — the AI trade changed hands, it didn't breakNvidia closed Wednesday at 173.73, up 2.87%, then fell as much as 8.1% to 159.44 after reports that its board was preparing for a possible leadership change. The same session, the Philadelphia Semiconductor Index rose 5.7% with all 30 components higher, CoreWeave jumped 24.7% on 168% revenue growth, and Micron added 11.9%. If AI demand were being repriced, AMD and Broadcom would not be bid. This is a governance discount on one name, and 204.54 — the 200-day average — is the level that settles it.
Author  Irene Q.
Nov 12, Thu
Nvidia closed Wednesday at 173.73, up 2.87%, then fell as much as 8.1% to 159.44 after reports that its board was preparing for a possible leadership change. The same session, the Philadelphia Semiconductor Index rose 5.7% with all 30 components higher, CoreWeave jumped 24.7% on 168% revenue growth, and Micron added 11.9%. If AI demand were being repriced, AMD and Broadcom would not be bid. This is a governance discount on one name, and 204.54 — the 200-day average — is the level that settles it.
placeholder
Gold hit a one-year low while central banks bought 321 tonnes — the sellers were never the ones you thinkSpot gold closed at 3,876 on Thursday, down 2.8% and its lowest close in more than a year, with an intraday low near 3,852. The dollar is at a 19-month high of 103.21 and the 10-year yield is at 5.10%, so the price move is easy to explain. What is harder to explain is who sold: central banks bought 321 tonnes in Q3, the PBoC added for a 24th straight month, ETF holdings are near a record 4,256 tonnes, and roughly 95% of the futures selling came from non-reportable and sovereign-type accounts rather than hedge funds. This piece separates the two books that have to balance.
Author  Irene Q.
Nov 13, Fri
Spot gold closed at 3,876 on Thursday, down 2.8% and its lowest close in more than a year, with an intraday low near 3,852. The dollar is at a 19-month high of 103.21 and the 10-year yield is at 5.10%, so the price move is easy to explain. What is harder to explain is who sold: central banks bought 321 tonnes in Q3, the PBoC added for a 24th straight month, ETF holdings are near a record 4,256 tonnes, and roughly 95% of the futures selling came from non-reportable and sovereign-type accounts rather than hedge funds. This piece separates the two books that have to balance.
placeholder
Brent rose 3.3% and US crude stocks built 4.66 million barrels in the same weekBrent January settled at 95.82, up 3.3%, and WTI at 88.74, up 2.55%, after the US signalled it would not pursue a deal with Iran and attacks on Gulf shipping continued. In the same week, EIA data showed US crude inventories rising 4.657 million barrels against expectations of a 1.1 million draw, with gasoline up another 1.799 million. OPEC output also rebounded 1.96 million barrels a day to 27.16 million in October, led by Saudi Arabia at 10.56 million. This piece separates the geopolitical premium from the physical balance and lays out where each side of the trade is anchored.
Author  Irene Q.
Nov 13, Fri
Brent January settled at 95.82, up 3.3%, and WTI at 88.74, up 2.55%, after the US signalled it would not pursue a deal with Iran and attacks on Gulf shipping continued. In the same week, EIA data showed US crude inventories rising 4.657 million barrels against expectations of a 1.1 million draw, with gasoline up another 1.799 million. OPEC output also rebounded 1.96 million barrels a day to 27.16 million in October, led by Saudi Arabia at 10.56 million. This piece separates the geopolitical premium from the physical balance and lays out where each side of the trade is anchored.
goTop
quote