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The Trump administration cuts off Harvard from new federal funding, plus political crisis in Germany

as election winner Friedrich Merz fails to become the country's next chancellor.

Him not being elected on the first ballot is a major surprise. It certainly weakens him as a

candidate. It is not possible to say who exactly was responsible for this,

because the vote is secret, but it is certainly unprecedented in German history.

And a storm of uncertainty makes the fence job a whole lot harder as policymakers meet today.

It's Tuesday, May 6th. I'm Luke Vargas for the Wall Street Journal,

and here is the AM edition of What's News,

the top headlines and business stories, moving your world today.

We begin with the Trump administration's battle with leading American universities,

as the Education Department has informed Harvard that it's been cut off from any

new federal grants, with Secretary Linda McMahon accusing the school in a scathing letter of

violating federal law and losing its privilege of partnering with the federal government,

adding that it could instead draw on its $53 billion endowment and tap wealthy alumni.

As a part of the funding fight, the government has demanded oversight of Harvard's admissions,

faculty hiring, and governance in order to address what it said was the school's failure

...