"What happens when you have a board that can self-appoint itself, and it becomes insular, and with a $53 billion endowment, they think, okay, we can just do whatever is on our mind." (Reporting by Svea Herbst-Bayliss with additional reporting by Gram Slattery and Jarrett Renshaw Editing by Marguerita Choy) BEVERLY HILLS, May 6 (Reuters) - Billionaire investor Bill Ackman on Tuesday said Harvard University, one of the nation's oldest and wealthiest, should not be entitled to taxpayer funds when the school wastes money on what he calls "administrative bloat." The U.S.

Department of Education informed Harvard on Monday that it was freezing billions of dollars in future research grants and other aid until the university concedes to a number of demands from the Trump administration, a senior department official said. Harvard responded that the administration letter doubles down on demands that would impose "unprecedented and improper control" over the university and makes new threats to "illegally" withhold funding for lifesaving research.

Albania is hosting a Grand Tour for the first time with the first of three stages in the Balkan country being Saturday's hilly 160 km stage from Durazzo to Tirana before Sunday's short time trial around Tirana. After a third stage featuring the race's first climb to 1,000 metres, the Giro heads back across the Adriatic to Lecce before snaking its way up the country. The 108th edition of the race contains 52,000 metres of climbing - 10,000 more than last year - with two huge climbing days ahead of the Rome climax.

(Reporting by Martyn Herman; Editing by Andrew Cawthorne) "They have lost all future grants, their tax exemptions are at risk," Ackman said on a panel at the Milken Institute Global Conference where 5,000 financiers, educators and scientists gather to discuss critical issues of the day. He also again hit out at the school's governing board, saying it has become insular and that there is no mechanism to remove members the way there is in corporate America where investors can run board challenges.

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Is Jean Piaget still alive? What was the first American college to accept African Americans? What is cj and CEO? The link between nutrition and academic performance is undeniable. By prioritizing the promotion of a nutritious diet in schools, we can empower students to reach their full potential and excel academicall Backed by a strong Red Bull-Bora-Hansgrohe team, including 2022 champion Jai Hindley of Australia, four-time Vuelta a Espana winner Roglic could surpass the record of Fiorenzo Magni who won the Giro, aged 34 and 180 days, in 1955.