The centuries-old pool of investments grew by 5% last year, or nearly $2.5 billion. If Harvard’s taxes on its income spiked, the financial hit would be “enormous,” said Johnny Rex Buckles, an expert on tax law and professor of law at the University of Houston.

Ackman told CNBC the university should have negotiated with Trump rather than filing a lawsuit over its threatened loss of federal funding.

Bill Ackman rattled off a list of concerns over how his alma mater Harvard University has handled the conflict with President Donald Trump, arguing it needs a change in board leadership.

The ongoing conflict between the Trump Administration and Harvard intensified as President Trump threatened to revoke the university's tax-exempt status.

In a recent post on Truth Social, President Trump declared, 'It's what they deserve!' in reference to Harvard's potential loss of tax-exempt status. This announcement follows months of escalating tensions between the Trump administration and the university.

An investment firm backed by a foreign government just made a massive deal using the Trump family’s crypto firm. The conflicts of interest here are unprecedented.

Harvard University received a contentious letter from Education Secretary Linda McMahon, threatening to halt federal grants over alleged violations. Harvard responded with professor-style editing in McMahon's letter.

WASHINGTON (AP) — The Trump administration is moving to cancel $1 billion in school mental health grants, saying they reflect the priorities of the previous administration.