Intel stock spikes after report of possible US government stake
Investing.com -- Harvard University and the Trump administration are close to reaching a $500 million settlement that would end their legal dispute and restore billions in federal research funding to the university.
The potential agreement follows weeks of negotiations between White House officials and Harvard representatives, with significant progress made in recent days, according to a report from the New York Times (NYSE:NYT), citing sources familiar with the talks.
Under the proposed framework, Harvard would commit to spending $500 million on vocational and educational programs over several years. This arrangement would satisfy President Trump’s demand that Harvard pay more than double what Columbia University agreed to last month, while allowing Harvard to avoid making direct payments to the government.
The settlement would also include commitments from Harvard to continue efforts to combat antisemitism on campus.
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