Bloomberg News Now April 14, 2025: Harvard Funding Cut, US Starts Chips and Drugs Probes, More
Apr 15, 2025
This episode reveals a federal funding freeze on Harvard due to compliance issues, hinting at broader market implications for various industries. It dives into the complexities of proposed tariffs impacting semiconductors, pharmaceuticals, and automotive sectors. The discussion also highlights monopoly allegations against a major social networking giant, examining how its acquisitions influence consumer choice and the potential outcomes of an FTC trial. Additionally, it touches on the effects of these dynamics on international trade negotiations.
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Harvard Resists Federal Funding Conditions
- Harvard declined demands to reform governance and diversity programs, seeing them as excessive government regulation.
- The university insists any legal changes must go through Congress, highlighting tension over academic freedom.
US Probes Chips and Pharma Imports
- The U.S. is investigating semiconductor and pharmaceutical imports for national security reasons.
- Tariffs could affect major industries and trading partners, including Ireland and the biotech sector.
Trade Talks Expected Despite Retaliations
- U.S. Trade Representative expects President Trump to talk with Xi Jinping eventually.
- There is concern over China's retaliatory trade actions, but dialogue is anticipated.