Good morning. I'm Taylor Wilson. And today is Thursday, April 17, 2025. This is the X-Reed.

Today, the latest on a feud between the Trump administration and Harvard. Plus, what's the

data tell us about how investors have acted

amid recent market troubles and how budget cuts are hitting national parks and their bathrooms

ahead of summer travel? The IRS may revoke Harvard University's tax-exempt status after the Ivy

League School refused to meet President Donald Trump's wide-ranging demands for changes in its policies,

according to reporting from CNN and the Washington Post.

The Post reported that the Trump administration asked the IRS to revoke the university's tax-exempt status,

and CNN reported that the agency is making plans to do so.

Trump and Harvard are battling over his allegations. The university

failed to adequately protect Jewish students during pro-Palestinian protest last year, along with

criticisms from Trump over DEI. Republicans have for years been discussing whether to revoke

the tax-exempt status of Harvard and other universities, they deem woke for DEI policies

while permitting what they view as anti-Israel protests.

The White House has already frozen more than $2 billion in grants and $60 million in contracts

awarded to Harvard after rejected demands to implement a mask ban, make changes to programs

and departments that the administration

felt fuel anti-Semitic harassment and eliminate diversity, equity, and inclusion programs.

In a statement to USA Today, Harvard spokesman Jason Newton called the possible loss of tax exemption unprecedented,

and said the university's current tax status allows it to provide more money for students,

researchers, and technological advancements.

Democratic Senator Chris Van Hollen demanded yesterday that Salvador and President Naibu Kelle

...