According to The Kobeissi Letter, Donald Trump announced that his administration plans to take away Harvard University's tax-exempt status (source: The Kobeissi Letter, May 2, 2025). This policy shift could affect institutional investment flows, particularly in U.S. equities and alternative assets, as university endowments like Harvard's are major market participants. Traders should monitor potential volatility in education-linked and endowment-heavy sectors, as well as any regulatory developments influencing large institutional investors.