WashU Olin Business School recently launched a new health initiative that envisions Olin as the premier institution for the business of health and an engine for innovation at WashU. 

You likely have seen the news that the National Institutes of Health have made cuts to research funding for facilities and administration. These cuts also will be implemented by other federal agencies and stand to have a significant impact on institutions like WashU.

Two U.S. District Court judges have issued temporary restraining orders that prevent federal agencies from taking any action against awards or obligations based on the Office of Management and Budget Memo and the President’s Executive Orders. As always, agencies may pause awards or obligations provided the action complies with the terms and conditions in the Notice of Award or funding agreement.

We continue to work as quickly as possible to review the new administration’s Executive Orders. The Office of Management and Budget (OMB) memorandum, issued yesterday, “Temporary Pause of Agency Grant, Loan, and Other Financial Assistance,” directs federal agencies to “temporarily pause all activities related to obligation or disbursement of all Federal financial assistance, and other relevant agency activities that may be implicated by the executive orders, including, but not limited to, financial assistance for foreign aid, nongovernmental organizations, DEI, woke gender ideology, and the green new deal.”