2025-07-22
14 分钟Harvard and the Trump administration face off in court.
Plus, what tariffs on chips could mean for some of the world's most valuable companies.
It could have a major impact on the industry and where the industry shifts.
Of course,
the level that impacts and the nature of it depends entirely on what the tariffs end up being.
And with EV business slumping, U.S. battery makers are finding a whole new market.
It's Monday, July 21st.
I'm Alex Zosilev for The Wall Street Journal.
This is the PM edition of What's News,
the top headlines and business stories that move the world today.
Harvard University and the Trump administration faced off in court today.
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.
Higher education reporter Sarah Randazzo is here to tell us more.
Sarah, what are both sides saying in this case?
Harvard filed this lawsuit a couple months ago back when the Trump administration summarily cut about 2.2 billion dollars of research funding and the government has said it was because of concerns by anti-semitism and that essentially Harvard was no longer in line with government priorities and so it had the right to cut these funds.
Harvard says that that was done improperly and they have two real main buckets of arguments.
The first is a First Amendment case.
They say the government made all these demands on us which is something Trump administration did.
They said, Harvard, we want to have control over your faculty,