How an endowment tax in Trump’s big beautiful bill may impact colleges

How an endowment tax in Trump’s big beautiful bill may impact colleges

The “one big beautiful” tax-and-spending package President Donald Trump signed on Friday included several significant changes for higher education — among them, an increased tax on the endowment income of the nation’s top colleges. Instead of the existing flat 1.4% tax rate, there is now a new multi-tiered rate of up to 8%, with larger endowments subject…

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Trump readies blanket tariffs as he brushes off inflation worries

Trump readies blanket tariffs as he brushes off inflation worries

US President Donald Trump during a cabinet meeting at the White House in Washington, DC, US, on Tuesday, July 8, 2025. Aaron Schwartz/CNP/Bloomberg via Getty Images President Donald Trump on Thursday said that he plans to impose blanket tariffs of 15% or 20% on most trade partners, dismissing concerns that further tariffs could negatively impact the stock…

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Exxon CEO says Venezuela needs to transition to democracy for oil investment

Exxon CEO says Venezuela needs to transition to democracy for oil investment

Exxon Mobil CEO Darren Woods said Friday that Venezuela needs to transition to democracy in order for investment in the South American nation’s dilapidated oil industry to make sense. President Donald Trump is pressuring oil companies to invest at least $100 billion in Venezuela to rebuild the country’s oil industry after the U.S. captured former…

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