Harvard suffers $113mn loss after Trump’s cuts to research funding

Harvard University has reported a staggering $113 million loss, the largest since 2013, largely attributed to cuts in research funding initiated by the Trump administration. This financial setback has led to significant consequences, including layoffs and a freeze on hiring and salary increases, affecting the university's ability to maintain its research programs and support its staff. The situation highlights the broader implications of funding cuts on educational institutions and their capacity to innovate and contribute to society.