CNBC February 12, 2025
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The Trump administration is trying to implement major funding cuts to the National Institutes of Health that would cap medical and public health research payments to universities, medical centers and other grant recipients.
The move would save the federal government more than $4 billion a year, according to the NIH, the largest public funder of biomedical research in the world.
But hospitals, universities and other members of the research community have slammed the effort, saying it would hurt American patients who benefit from life-saving medical discoveries related to cancer, diabetes...