Trump’s Campaign Against Higher Education Sparks Market Turmoil

The Trump administration's efforts to target 'woke' universities, including potential removal of non-profit status and increased taxes on endowments, are causing concern among Wall Street investors and private equity firms, as these measures threaten the financial stability of elite institutions like Harvard, which heavily invest in private equity and hedge funds. The administration aims to push colleges toward more liquid investments and a centrist approach to higher education, amid broader political and ideological conflicts.