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Trump cut science funding. Small businesses are paying the price. PoliticoCongress defended American science. Its work is not over The EconomistTrump tried to gut science research funding. Courts and Congress have rebuffed him. NBC NewsHow Higher Ed Staved Off a Research-Funding Bloodbath — For Now The Chronicle of Higher EducationCongress n
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Executives face choice between cutting returns to shareholders, raiding reserves or tapping the markets
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Trump Administration: Live Updates and News The New York TimesDHS Shutdown Even Likelier After Dems Issue ICE Demands New York MagazinePolice say power restored after Augusta outage shut off traffic lights WGMEWhat Democrats are demanding in exchange for funding ICE The Washington PostDems outline 10 demands in letter to GOP leaders in ICE funding fight Axios
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Constructor Capital, the venture capital arm of education, research and science advancement organisation Constructor Group, has closed its first fund on $110m.
The post Cutting-edge science, software investor Constructor Capital seals $110m for debut fundraise appeared first on AltAssets Private Equity News.
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Wednesday's selling carried into Thursday as investors continued to take a risk-off approach to markets following the Federal Reserve's latest policy announcement.
The central bank issued its third jumbo-sized rate increase yesterday and set expectations that it will continue to hike rates over its next few meetings. However, the Fed is not alone in its aggressive stance. Several global central banks have increased their benchmark rates this week in an ongoing effort to tame inflation, including the Bank of England and Switzerland's National Bank, which earlier today issued 50 basis point and 75 basis point rate hikes, respectively. (A basis point is one one-hundredth of a percentage point.)
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"Global equities are struggling as the world anticipates surging rates will trigger a much sooner and possibly severe global recession," says Edward Moya, senior market strategist at currency data provider OANDA. "Most of these rate hikes around the world are not done yet which means the race to restrictive territory won't be over until closer to the end of the year."
The reaction here at home was a selloff in bond prices, which sent yields on government notes spiking. The 10-year Treasury yield surged 19.2 basis points to 3.704% - its highest level since early 2011 - while the 2-year Treasury yield spiked 12.1 basis points to 4.116%, its loftiest perch since late 2007.
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As for stocks, the tech-heavy Nasdaq Composite
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