•   Harvard won’t use any of its $9 million stimulus check to make up for losses it has absorbed since it moved classes online in mid-March. “Harvard is actually allocating 100% of the funds to financial assistance for students to meet their urgent needs in the face of this pandemic,” says the statement.
  • How did Harvard decide to pass all the money to students, who made the call, and when? Was it in response to criticism? “I’m not going to get into when the decision was made,” says Newton. Harvard declined repeated requests to interview President Lawrence Bacow and other university officials.

Source: forbes.com

  •   U.S. Treasury Secretary Steven Mnuchin warned on  that larger companies could face investigation if they apply for small business coronavirus rescue money without carefully reviewing whether they qualify for
  • Mnuchin said on Fox Business Network it was “questionable” whether some larger companies could make the certifications necessary for the Paycheck Protection Program, and firms needed to look carefully at the certifications they make to the Treasury and the Small Business Administration to get forgivable loans of up to $10 million.

Source: reuters.com