meta_pixel
Tapesearch Logo
The Indicator from Planet Money

What happens when billions of dollars in research funding goes away

The Indicator from Planet Money

NPR

Business

4.79.2K Ratings

🗓️ 20 February 2025

⏱️ 11 minutes

🧾️ Download transcript

Summary

Federal funding from the National Institutes of Health has driven the biomedical research industry in cities across America including Birmingham, Alabama. It's helped support research into life-saving treatments for cancers, strokes and Parkinson's. But, the Trump Administration says the NIH is getting ripped off in how those grants are calculated. We take a look.

Related episodes:
The gutting of USAID (Apple / Spotify)
A 'Fork in the Road' for federal employees (Apple / Spotify)

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

Fact-checking by
Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

Learn more about sponsor message choices: podcastchoices.com/adchoices

NPR Privacy Policy

Transcript

Click on a timestamp to play from that location

0:00.0

NPR.

0:14.4

There is this building going up in downtown Birmingham, Alabama, and in a way it's a symbol

0:20.2

of how much this city, and really the country's entire economy, has changed. Because while Birmingham was founded on the steel industry, today it's all about health research.

0:32.6

Federal funding from the National Institutes of Health has been the rocket behind the biomedical research industry.

0:39.2

NIH funds have helped transform, not just Birmingham, but other cities like Pittsburgh and Baltimore.

0:45.2

It's why the University of Alabama at Birmingham is not only the largest single employer in the city.

0:50.3

It's the largest in the entire state.

0:52.5

And now with the Trump administration trying to make deep cuts to research funding,

0:57.0

Birmingham and cities like it are worried about what happens if billions of dollars for the industry disappears overnight.

1:06.0

This is the indicator from Planet Money. I'm Darren Woods.

1:09.4

And I'm Stephen Massaha from the Gulf

1:11.0

States Newsroom. On today's show, we're pulling out our microscopes for a close look into how

1:16.5

these research grants actually work and why the Trump administration says the NIH is getting

1:21.9

ripped off. And we talk about what deep cuts to funding would mean in a deep red state.

1:29.7

This message comes from Wise, the app for doing things in other currencies.

1:34.4

Sending or spending money abroad, hidden fees may be taking a cut.

1:38.6

With Wise, you can convert between up to 40 currencies at the mid-market exchange rate.

1:44.0

Visit wise.com. TNCs apply.

1:47.7

Support for NPR and the following message come from Bowling Branch.

1:51.6

Change your sleep with Bowling Branch's airy blankets, cloud-like duvays, and breathable sheets.

1:56.5

Feel the difference with 15% off your first order at bolandbranch.com with code NPR.

2:01.9

Exclusion supply, see site for details.

...

Transcript will be available on the free plan in -40 days. Upgrade to see the full transcript now.

Disclaimer: The podcast and artwork embedded on this page are from NPR, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of NPR and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.