
Warner says DOJ letter to University of Virginia president was ‘explicit'
Sen. Mark Warner (D-Va.) said in a Sunday interview that University of Virginia President James Ryan, who submitted his resignation on Friday, was given an 'explicit' deadline to step aside, in a letter last week from the Trump administration.
In an interview on CBS News's 'Face the Nation,' Warner condemned the Trump administration's pressure campaign against Ryan, who resigned on Friday to avoid funding cuts to the university.
Trump's Department of Justice had been investigating allegations that the school was not in compliance with President Trump's January executive order barring DEI practices at institutions that receive federal funding.
'This is the most outrageous action, I think, this crowd has taken on education. We have great public universities in Virginia. We have a very strong governance system, where we have an independent board of visitors appointed by the Governor,' Warner said. 'Jim Ryan had done a very good job; just completed a major capital campaign.'
'For him to be threatened, and, literally, there was indication that they received the letter that if he didn't resign on a day last week, by five o'clock, all these cuts would take place,' Warner added.
'It was that explicit?' moderator Margaret Brennan asked.
'It was that explicit,' Warner said.
The New York Times reported Thursday night that the Justice Department demanded Ryan resign as a condition of a settlement in its civil rights investigation into diversity practices at the university.
Ryan posted a letter publicly on Friday, confirming his resignation, saying he was 'inclined to fight for what I believe in,' but could not 'make a unilateral decision to fight the federal government in order to save my own job.'
'To do so would not only be quixotic but appear selfish and self-centered to the hundreds of employees who would lose their jobs, the researchers who would lose their funding, and the hundreds of students who could lose financial aid or have their visas withheld,' Ryan said in the letter.

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Newsweek
35 minutes ago
- Newsweek
The 1600: America Doesn't Have a Conservative Party
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Yahoo
37 minutes ago
- Yahoo
Last-minute changes to Senate's 'big, beautiful bill' stun clean energy industry (and Elon Musk)
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Yahoo
42 minutes ago
- Yahoo
Stock market today: Dow, S&P 500, Nasdaq futures rise as momentum builds for Trump trade deals, tax bill
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"Canada's preference has always been a multilateral agreement related to digital services taxation." Oil prices fell overnight Sunday as global markets adjusted to the easing of tensions in the Middle East, in combination with a commitment from OPEC+ to increase supply in August. Reuters reports: Read more here. Several altcoins are faltering this year as bitcoin's share of the crypto market has climbed to 64%, the highest level since January 2021. Bloomberg reports: Read more here. INmune Bio stock (INMB) tanked 60% in premarket trading on Monday after the company said its experimental drug, XPro, failed to improve cognitive functions in patients with early stages of Alzheimer's in a mid-stage study. The drug is designed to target and inhibit inflammatory signals associated with a type of protein called tumor necrosis factor without suppressing the immune system, Reuters reported. Read more here. Disney stock (DIS) rose about 2% in premarket trading Monday after Jefferies analyst James Heaney upgraded the stock. Heaney sees Disney's cruise business, content slate, and parks business fueling a rally in shares over the summer. Yahoo Finance's Brian Sozzi writes: Read more here. Yahoo Finance's Allie Canal reports: Read more here. Earnings: No notable earnings releases. Economic data: MNI Chicago PMI (June); Dallas Fed manufacturing activity Here are some of the biggest stories you may have missed over the weekend and early this morning: Warring GOP puts Trump tax bill to marathon Senate vote today Canada scraps digital services tax that Trump slammed Disney's stock has bagged a Jeffries upgrade — here's why Week ahead: Crucial jobs report looms with stocks at records Trump: TikTok buyer group found, needs China's OK Nvidia insiders cash out $1bn worth of shares Bitcoin soars, altcoins fade in $300 billion crypto shakeout China's economy shows surprising signs of strength Yahoo Finance's Josh Schafer lays out what investors should know about the week ahead: Read more here. Here are some top stocks trending on Yahoo Finance in premarket trading: Hewlett Packard Enterprise Company (HPE) stock rose 6% in premarket trading on Monday following the news that HPE and Juniper Networks have reached an agreement with the US Department of Justice that it will not challenge HPE's acquisition of Juniper. Palantir (PLTR) stock rose 5% before the bell and are trading at an all-time high, up 90% this year. Yahoo Finance Anchor Julie Hyman recently broke down the stock's history on a episode of Market Domination Overtime: Juniper Networks, Inc. (JNPR) stock rose 8% premarket after the DOJ said it would not pursue an investigation into HPE's acquisition of Juniper. As earning season approaches, Goldman Sachs (GS) said on Monday that US profit margins will be tested as investors await to see how President Trump's war has hurt companies. Goldman's David Kostin said Q2 earnings will show the immediate impact of tariffs, which have risen about 10% this year. Most costs will be passed on to consumers, but margins will suffer if firms absorb more than expected. Early results are mixed: General Mills (GIS) stock fell 5% last week due to a weak forecast and tariff warning, while Nike (NKE) rose 15% after announcing it will offset higher duties. Bloomberg News reports: Read more here. European stocks outperformed their US peers by the biggest margin on record in dollar terms during the first half. It's a dramatic sign of how the region's markets are staging a comeback after more than a decade in the doldrums. Bloomberg reports: Read more here. Canada has scrapped its planned digital services tax on US tech firms late on Sunday, just hours before it was due to come into effect. The move aims to revive stalled trade talks with the US, which President Trump suddenly halted on Friday over the tax, calling it a "blatant attack" on American tech companies. US stock futures rose as investors welcomed the news. Benchmark stock indexes in Tokyo and Shanghai also moved higher amid optimism that the US and its top trading partners can hammer out trade deals. Prime Minister Mark Carney and Trump now plan to reach a deal by July 21, Canada's finance ministry said. Trump warned on Friday that he would set new tariffs on Canadian goods within a week, risking fresh tension between the two countries. The White House has set a July 9 deadline for trading partners to broker deals with the US over the sweeping 'reciprocal' tariff rates announced in early April. The 3% tech tax would have hit firms like Apple (AAPL), Google (GOOG), and Amazon (AMZN) starting on Monday. Canada will now bring forward legislation to cancel the tax. "The DST was announced in 2020 to address the fact that many large technology companies operating in Canada may not otherwise pay tax on revenues generated from Canadians," a statement from the Canadian finance ministry said. "Canada's preference has always been a multilateral agreement related to digital services taxation." Oil prices fell overnight Sunday as global markets adjusted to the easing of tensions in the Middle East, in combination with a commitment from OPEC+ to increase supply in August. Reuters reports: Read more here. Sign in to access your portfolio