P.M. Edition for April 16. Federal Reserve Chair Jerome Powell warned today that the central bank could face <a href="https://www.wsj.com/economy/central-banking/powell-warns-of-challenging-scenario-for-fed-in-cushioning-trade-war-fallout-81d17965?mod=hp_lead_pos1?mod=WSJ_WNPOD">difficult trade-offs</a> in trying to cushion the U.S. economy from the fallout of President Trump’s trade war. His comments deepened a rout on tech stocks, fueled by <a href="https://www.wsj.com/tech/nvidia-is-now-the-biggest-u-s-china-bargaining-chip-6c3fa0e2?mod=WSJ_WNPOD">trade restrictions on chipmaker Nvidia</a>. We speak to WSJ Heard on the Street columnist <a href="https://www.wsj.com/news/author/asa-fitch?mod=WSJ_WNPOD">Asa Fitch</a> about what the rules mean for the company’s relationship with Wall Street. And research projects go on pause at Harvard after the Trump administration said it would stop more than $2 billion in federal grant money. WSJ science reporter <a href="https://www.wsj.com/news/author/nidhi-subbaraman?mod=WSJ_WNPOD">Nidhi Subbaraman</a> discusses the <a href="https://www.wsj.com/us-news/education/harvard-funding-cuts-targets-b794e431?mod=WSJ_WNPOD">implications for researchers and the university</a> writ large. Alex Ossola hosts.

<a href="https://www.wsj.com/us-news/education/harvard-leading-university-fight-trump-2a931dd1?mod=WSJ_WNPOD">How Harvard Ended Up Leading the College Fight Against Trump</a>

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