Bloomberg News

The Trump administration has ramped up its attacks on Harvard University — threatening its tax-exempt status, federal funding and its ability to enroll international students. Brooke Sutherland joins David Gura on the Big Take podcast to unpack Trump’s attacks on Harvard https://trib.al/QPQwd5Y

As Donald Trump tries to remake global trade, the dollar’s historic dominance in Asia is unwinding. Ruth Carson joins Rebecca Choong Wilkins on the Big Take Asia Podcast to unpack what’s driving Asia’s de-dollarization and what it means for the region’s biggest economies https://trib.al/E8lNpYT

Buried deep in the more than 1,000-page tax-and-spending bill that President Donald Trump is muscling through Congress is an obscure tax measure that’s setting off alarms on Wall Street and beyond.

Two members of the New York City Police Department, including a detective assigned to Mayor Eric Adams’ security detail, have been placed on modified duty after authorities discovered their connection to two crypto entrepreneurs charged with kidnapping and torturing an Italian tourist.

A federal appeals court offered President Donald Trump a temporary reprieve from a ruling threatening to throw out the bulk of his sweeping tariff agenda, offering at least some hope to a White House now facing substantial new restrictions on its effort to rewrite the global trading order.

ICYMI: Managing Director of the Kuwait Investment Authority H.E. Sheikh Saoud Salem Abdulaziz Al-Sabah spoke with Stephanie Flanders about today's global investment outlook at the Qatar Economic Forum. Watch the full interview using the link below. ⏯️ https://bloom.bg/3SiODUA

President Donald Trump pushed Federal Reserve Chair Jerome Powell to lower interest rates at their first in-person meeting since the president’s inauguration, the White House said.

United Airlines and JetBlue's new partnership would solve problems for both airlines, especially in the Northeast, says Thomas Black. As long as they can avoid antitrust objections. Read the column: https://lnkd.in/edspsXtp

Harvard University won a longer-term reprieve from a Trump administration ban on enrolling international students, handing the nation’s oldest and richest university a victory in its battle with the White House.

Harvard is far from perfect. But Trump’s attack on it isn’t about fixing Harvard. It’s about breaking it - and with it, all of American higher education. They claim it’s about antisemitism. But that’s an obvious pretext - because the Department of Education letter cutting Harvard off never even mentions it. Instead it attacks Harvard for hosting Democratic officials. Just today Education Secretary Linda McMahon said that universities would only be allowed to do research if they were “in sync with the Trump Administration." Let’s call this what it is: a stress test for American institutions. When governments go after universities, we’ve seen what happens—in places like Hungary and Turkey. Independent thought is the first casualty. Harvard educates the children of the global elite, who pay for the privilege of sending their children to America to be indoctrinated in American values. Just as important, it’s the world’s leading research university. It is, literally, the American institution doing the most to maintain America’s lead in science and technology, even as every other school in the US has slowly fallen behind. We should debate how universities handle protest, speech, and governance. But political revenge dressed up as moral outrage? That’s a road to disaster. 🔗 Read more about this in my article on Bloomberg Opinion: https://lnkd.in/eZf4we_K 🎥 Or watch the video: https://lnkd.in/erQEUDTB My question for you today is this: Is this how we lose what made America exceptional—one institution at a time?