Harvard, Trump Administration Face Off in Court Over Research Funding

WSJ What’s News

The Wall Street Journal

News, Daily News

4 • 4K Ratings

🗓️ 21 July 2025

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

P.M. Edition for July 21. The battle between Harvard University and the Trump administration reached a crescendo today as they met in a federal courtroom in Boston over the government’s cancellation of more than $2 billion of research funding. We hear from WSJ higher education reporter Sara Randazzo about the case, and where it goes from here. Plus, as the valuations of chip companies rise, Heard on the Street writer Asa Fitch says investors are ignoring the looming threat of tariffs on chips. And slumping U.S. EV sales mean that battery makers have capacity to spare, so they’re turning to a new market: energy-storage systems. WSJ autos reporter Chris Otts tells us what the impact of such a pivot might be. Alex Ossola 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	Race the rudder, raise the sails, raise the sales!
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0:21.4	To get £100 off your first campaign, go to LinkedIn.com slash lead to claim your credit.
0:26.6	That's LinkedIn.com slash lead. Terms and conditions apply.
0:33.5	Harvard and the Trump administration face off in court.
0:37.2	Plus, what tariffs on chips could mean for some of the world's most valuable companies.
0:42.2	It could have a major impact on the industry and where the industry shifts.
0:46.1	Of course, the level of that impact and the nature of it depends entirely on what the tariffs end up being.
0:51.1	And with EV business slumping, U.S. battery makers are finding a whole new market.
0:56.7	It's Monday, July 21st.
0:58.8	I'm Alex Osloaf for the Wall Street Journal.
1:01.1	This is the PM edition of What's News,
1:03.5	the top headlines and business stories
1:05.2	that move the world today.
1:20.1	Thank you. Harvard University and the Trump administration faced off in court today.
1:27.6	In a federal courtroom in Boston, the Ivy League school argued that the government had no basis to cut more than $2 billion of its research funding.
1:31.2	Higher education reporter Sarah Randazzo is here to tell us more.
1:34.3	Sarah, what are both sides saying in this case?
1:38.6	Harvard filed this lawsuit a couple months ago back when the Trump administration summarily cut about $2.2 billion of research funding, and the government has said it was
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