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WSJ What’s News

Harvard Hit With $2 Billion Government Funding Freeze

WSJ What’s News

The Wall Street Journal

News, Daily News

44K Ratings

🗓️ 15 April 2025

⏱️ 13 minutes

🧾️ Download transcript

Summary

A.M. Edition for April 15. The Trump administration freezes billions in funding for Harvard University, after the school said it would resist demands to change its governance structure over antisemitism concerns. Plus, confusion in Detroit as automakers struggle to claim tariff relief on U.S.-sourced products. And Chinese leader Xi Jinping heads overseas, pitching stability to Asian countries facing high reciprocal tariffs from Washington. WSJ reporter Austin Ramzy explains what Beijing can realistically offer amid broader trade tensions. Luke Vargas hosts. Sign up for the WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Americans love using their credit cards, the most secure and hassle-free way to pay.

0:04.0

But DC politicians want to change that with the Durban Marshall Credit Card Bill.

0:08.0

This bill lets corporate megastores pick how your credit card is processed,

0:13.0

allowing them to use untested payment networks that jeopardize your data security and rewards.

0:18.0

Corporate megastores will make more money and you pay the price.

0:22.1

Tell Congress to Guard Your Card because Americans lose when politicians choose. Learn more at

0:28.1

guardyercard.com.

0:33.3

The Trump administration freezes billions in funding for Harvard,

0:40.8

widening its fight with the nation's wealthiest university.

0:47.7

Plus confusion in Detroit as automakers struggled to claim tariff relief on U.S. source products.

0:54.9

And Xi Jinping embarks on a global charm offensive, hoping to draw contrasts with American protectionism.

0:59.2

He's offering a pitch of stability, of support for free trade.

1:03.1

So he's coming to these countries at a time when they're looking for support.

1:05.3

It's Tuesday, April 15th.

1:07.2

I'm Luke Vargas for the Wall Street Journal, and here is the AM edition of What's News.

1:10.2

The top headlines and business stories

1:11.9

moving your world today.

1:16.4

The Trump administration is freezing more than $2 billion in federal grant and contract funding

1:22.8

for Harvard University after the school resisted demands to change its governance structure over campus

1:29.2

anti-Semitism concerns. An administration task force had demanded Harvard enact a mask ban and

1:36.5

DEI programs and change classroom instruction to, among other things, improve viewpoint diversity.

1:43.9

Harvard's president issued a letter yesterday rejecting those demands, leading the Trump administration to announce the funding freeze hours later.

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