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Time of India
12 hours ago
- Politics
- Time of India
Columbia University to pay $200million to settle clash with Trump admin; accepts other demands too: 10 things to know about their deal
Columbia University on Wednesday announced that it agreed to pay over $220 million to the Trump administration to restore federal research funding that was previously cancelled due to concerns about antisemitism on campus. Tired of too many ads? go ad free now The agreement requires the Ivy League institution to pay $200 million across three years, plus an additional $21 million to address alleged civil rights violations against Jewish staff following the October 7, 2023, Hamas attack on Israel. "This agreement marks an important step forward after a period of sustained federal scrutiny and institutional uncertainty," acting University President Claire Shipman said. The institution faced potential losses of billions in government support, including over $400 million in cancelled grants. The funding was withdrawn due to the university's alleged inadequate response to antisemitism during the Israel-Hamas conflict. 10 things to know more about agreement Columbia has accepted various administrative requirements, including restructuring student disciplinary procedures and implementing a federally-endorsed definition of antisemitism in teaching and disciplinary matters involving students critical of Israel. The agreement, which includes no admission of wrongdoing, formalises these changes whilst maintaining university independence, according to Shipman. In a post on Truth Social, Trump said, "I am pleased to announce that the Trump Administration has reached a historic agreement with Columbia University. Columbia has agreed to pay a penalty of $200 Million Dollars to the United States Government for violating Federal Law, in addition to over $20 Million to their Jewish employees who were unlawfully targeted and harassed. Columbia has also committed to ending their ridiculous DEI policies, admitting students based ONLY on MERIT, and protecting the Civil Liberties of their students on campus. Numerous other Higher Education Institutions that have hurt so many, and been so unfair and unjust, and have wrongly spent federal money, much of it from our government, are upcoming. It's a great honor to have been involved, and I want to thank and congratulate Secretary Linda McMahon, and all those who worked with us on this important deal. I also want to thank and commend Columbia University for agreeing to do what is right. I look forward to watching them have a great future in our Country, maybe greater than ever before!" Education Secretary Linda McMahon described the deal as "a seismic shift in our nation's fight to hold institutions that accept American taxpayer dollars accountable for antisemitic discrimination and harassment." "Columbia's reforms are a roadmap for elite universities that wish to regain the confidence of the American public by renewing their commitment to truth-seeking, merit, and civil debate," McMahon stated. The pact comes after months of uncertainty and fraught negotiations at the more than 270-year-old university. It was among the first targets of Trump's crackdown on pro-Palestinian campus protests and on colleges that he asserts have allowed Jewish students be threatened and harassed. Columbia's own antisemitism task force found last summer that Jewish students had faced verbal abuse, ostracism and classroom humiliation during the spring 2024 demonstrations. The agreement includes previously announced changes from March, such as reviewing Middle East curriculum for balance, strengthening the Institute for Israel and Jewish Studies, and discontinuing programmes that promote unlawful race-based outcomes. The agreement requires Columbia to question international students about their motivations for studying in America and share information about disciplinary actions involving student visa holders with the government. The pressure on Columbia began with a series of funding cuts. Then Mahmoud Khalil, a former graduate student who had been a visible figure in the protests, became the first person detained in the Trump administration's push to deport pro-Palestinian activists who aren't U.S. citizens. Columbia was an early test case for the Trump administration as it sought closer oversight of universities that the Republican president views as bastions of liberalism. Yet it soon was overshadowed by Harvard University, which became the first higher education institution to defy Trump's demands and fight back in court. The Trump administration has used federal research funding as its primary lever in its campaign to reshape higher education. More than $2 billion in total has also been frozen at Cornell, Northwestern, Brown and Princeton universities. Columbia's reinstatement for federal research funding marks a significant development. The institution's removal from the federal blacklist enables access to previously frozen grant funds. Scientists at the university can now utilise their approved grants that were suspended. Additionally, the academic community at Columbia regains eligibility to apply for new federal research grants.
Indian Express
a day ago
- Business
- Indian Express
$16 million settlement done, Trump claims new CBS owner will gift him $20 million in airtime
US President Donald Trump has claimed that the future owner of CBS will provide him with $20 million worth of advertising and programming, just days after the network announced the cancellation of The Late Show With Stephen Colbert. This follows a $16 million legal settlement Trump reached with CBS's parent company, Paramount, over what he alleged was misleading editing of a pre-election interview with former Vice President Kamala Harris during the 2024 election. While CBS had originally dismissed the lawsuit as 'completely without merit,' the settlement comes amid Paramount's $8 billion pending sale to Skydance Media, a deal that still requires regulatory approval. In a post on his Truth Social platform, Trump wrote: 'Paramount/CBS/60 Minutes have today paid $16 Million Dollars in settlement, and we also anticipate receiving $20 Million Dollars more from the new Owners, in Advertising, PSAs [public service announcements], or similar Programming, for a total of over $36 Million Dollars.' Neither CBS nor Skydance has publicly responded to Trump's claim. But, as per a report by Forbes, Paramount previously denied reports that the company could compensate Trump via advertising, telling The Washington Post it 'has no knowledge of any promises or commitments made to President Trump.' Colbert, a vocal critic of Trump, had previously called the $16 million settlement 'a big fat bribe.' While he's expected to remain on air until May 2026, Colbert warned viewers this week that 'the gloves are off.' 'I don't know if anything, anything will repair my trust in this company,' Colbert said last week on his show. 'But, just taking a stab at it, I'd say $16 million would help.' Responding to Trump's latest claim, Democratic Senator Elizabeth Warren posted on X: 'This reeks of corruption.'
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First Post
a day ago
- Business
- First Post
Trump on Asia deal spree, Taiwan aims to seal trade pact in new round of talks as deadline nears
Negotiators from the island-nation reached the US on Wednesday for tariff talks, as the delegation hopes to clinch a deal with US counterparts. The fourth round of talks is being attended by Vice Premier Cheng Li-chiun and trade negotiator Yang Jen-ni read more As US President Donald Trump secured trade deals with two Asian countries back-to-back, Taiwan is hurrying to get in line and seal its own agreement with Washington as the August 1 deadline nears. Negotiators from the island-nation reached the US on Wednesday for tariff talks, as the delegation hopes to clinch a deal with US counterparts, a source has told Bloomberg. The fourth round of talks is being attended by Vice Premier Cheng Li-chiun and trade negotiator Yang Jen-ni. STORY CONTINUES BELOW THIS AD The source said that discussions between the two sides have been 'constructive' so far, adding that the final tariff rate will ultimately be decided by Trump. The Taiwanese delegation's visit comes as the country's neighbours successfully reached trade deals with the US as announced by the president. Japan and Philippines seal the deal Trump announced Tuesday a 'massive' trade deal with Japan. He said that under the deal, 'Japan will invest, at my direction, $550 Billion Dollars into the United States, which will receive 90 per cent of the Profits'. Japanese Prime Minister Shigeru Ishiba said that the autos levy had been cut to 15 per cent, sending Japanese car stocks soaring, with Toyota and Mitsubishi up around 14 percent each. The Nikkei rose 3.5 percent. Trump agreed Tuesday to reduce threatened tariffs on the Philippines, but only by one percentage point, after what he termed a successful meeting with his counterpart Ferdinand Marcos. The Japan agreement, along with another pact with the Philippines also announced on Tuesday, means Trump has now secured five agreements since his administration promised in April '90 deals in 90 days.' US-Taiwan trade Taiwan's increasing dependence on the US market has heightened its urgency to reduce tariffs. Last year, Taiwan recorded a trade surplus of around $65 billion with the US, driven by strong demand for tech products essential to the AI boom. In April, Trump imposed a 32 per cent tariff on Taiwanese goods before pausing it. This gave Taipei the time to hammer out a deal with the US. STORY CONTINUES BELOW THIS AD Taipei had also committed to increasing investment in the US and tightening export control loopholes on high-tech products, an area of concern for Washington as it seeks to limit China's technological advances amid fears that Beijing could gain a military advantage. With inputs from agencies
Japan Today
a day ago
- Automotive
- Japan Today
Tokyo's Nikkei leads Asian rally after Japan-US trade deal
Japanese car makers soared on news that US tariffs on the sector would be slashed from 25 percent to 15 percent Tokyo stocks rallied with the yen Wednesday after Japan and the United States finally hammered out a trade deal to slash Donald Trump's tariffs, including those on the crucial car sector. Investors were also cheered by news that Washington had reached agreements with Indonesia and the Philippines, stoking optimism that other countries will achieve deals to avoid the worst of the US president's levies. Despite a lack of deals being made leading up to Trump's self-imposed August 1 cut-off date, equity markets have been on the march in recent weeks on optimism that governments will eventually get over the line. Japan had been one of those yet to sign, despite a string of trips to Washington by trade envoy Ryosei Akazawa, dampening investor sentiment in Tokyo. But Trump said Tuesday that officials had agreed to a "massive" deal that would include a 15 percent tariff on imports from Japan, down from the previously threatened 25 percent. The pact also saw the 25 percent levy on autos -- a major export to the United States -- slashed to 15 percent. "We just completed a massive Deal with Japan, perhaps the largest Deal ever made," Trump announced on his Truth Social platform. "Japan will invest, at my direction, $550 Billion Dollars into the United States, which will receive 90% of the Profits." He did not provide further details on the investment plan, but claimed the deal "will create Hundreds of Thousands of Jobs." Japanese Prime Minister Shigeru Ishiba said that he needed to examine the deal before commenting. Akazawa wrote on X: "Mission accomplished." Traders poured back into the market, pushing the Nikkei up more than two percent thanks to soaring automakers. Tokyo and Mitsubishi rocketed around 12 percent and Nissan jumped more than nine percent. The yen strengthened to 146.20 per dollar -- compared with close to 148 Tuesday. The unit had already enjoyed a recent tick-up after Ishiba vowed to remain in office despite a devastating weekend election loss. Trump also hailed an agreement with Manila that will see the toll on Philippine goods lowered by one percentage point to 19 percent, while tariffs on Indonesia were slashed from 32 percent to 19 percent. Shares in Manila and Jakarta rose. The announcements boosted hopes that other deals could be in the pipeline before next Friday's deadline, though talks with the European Union and South Korea remain elusive for now. Still, US Treasury Secretary Scott Bessent said he would meet his Chinese counterparts in Stockholm next week for talks, as a separate mid-August deadline approaches for US levies on Beijing to snap back to steeper levels. Elsewhere in Asia, Hong Kong built on its 2025 surge to hit its highest level since late 2021, while Shanghai, Sydney, Singapore and Taipei were also well up. Seoul was flat and Wellington dipped. The advances came after a broadly positive day on Wall Street where the S&P 500 hit another peak but the Nasdaq snapped a six-day streak of records. Eyes are also on the release of earnings from Google parent Alphabet and other tech giants including Tesla and Intel. © 2025 AFP
The Hill
2 days ago
- Business
- The Hill
Trump says media ‘on notice' after Paramount, ABC settlements
President Trump on Tuesday boasted that he had put mainstream media outlets 'on notice' following a pair of high-profile settlements paid to his foundation by major news networks in recent months to settle lawsuits he has brought against them. 'Just like ABC and George Slopadopoulos, CBS and its Corporate Owners knew that they defrauded the American People, and were desperate to settle,' Trump wrote on his Truth Social platform. 'This is another in a long line of VICTORIES over the Fake News Media, who we are holding to account for their widespread fraud and deceit.' Trump claimed he would also receive '$20 Million Dollars more from the new Owners,' in regard to Paramount's pending merger with Skydance, value he said would be paid 'in Advertising, PSAs, or similar Programming, for a total of over $36 Million Dollars.' Paramount has previously denied agreeing to pay anything more than the $16 million it announced publicly earlier this month, and a representative for the company did not immediately respond to a request for comment on Trump's Truth Social post. In December, ABC agreed to pay Trump's presidential foundation more than $15 million to settle a lawsuit he brought against the network over a segment that aired on ABC 'This Week.' Paramount's settlement came just days before CBS announced it would cancel 'The Late Show' and fire comedian Stephen Colbert, a decision the company called financial last week and a move that is being widely viewed by critics as a capitulation to Trump. Colbert, days before his cancellation, accused Paramount of paying Trump 'a big fat bribe' while fellow comedian Jon Stewart, who hosts 'The Daily Show' on Paramount property Comedy Central, cast doubt on his future with the network. Trump sought on Tuesday to paint mainstream media outlets as fearful of him, calling out 'The Wall Street Journal, The Failing New York Times, The Washington Post, MSDNC, CNN, and all other Mainstream Media Liars' who he said are now 'ON NOTICE that the days of them being allowed to deceive the American People are OVER.'
