Harvard says to keep stimulus grant after Trump vows it will be returned [Reuters]
Shake Shack, Inc. Class A (SHAK)
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Source: Reuters
Harvard says to keep stimulus grant after Trump vows it will be returned WASHINGTON (Reuters) - Harvard University said it plans to keep an $8.6 million grant it received as part of a stimulus package to blunt the economic impact of the coronavirus lockdown, contradicting U.S. President Donald Trump who pledged the university would return it. Speaking at a press briefing on Tuesday, Trump pointed to the institution’s ample endowment - worth nearly $41 billion - as the reason why it should hand over the money. “Harvard is going to pay back the money and they shouldn’t be taking it,” Trump said, adding that Harvard has one of the largest endowments “in the country, maybe in the world.” In a statement issued moments after the briefing ended, however, Harvard said it planned “to direct 100% of the funds to financial assistance to students, and will not be using any of the funds to cover institutional costs.” The university said it received the grant through the educational relief program
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News
- Shake Shack to Participate in Upcoming December Investor ConferencesBusiness Wire
- I tried the biggest burgers at 5 fast-food chains and ranked them from worst to best [Business Insider]Business Insider
- Should Shake Shack's (SHAK) Revenue Outlook and CFO Departure Prompt Investor Attention Now? [Yahoo! Finance]Yahoo! Finance
- Shake Shack (NYSE:SHAK) had its "strong-buy" rating reaffirmed by analysts at Raymond James Financial, Inc..MarketBeat
- Shake Shack (NYSE:SHAK) had its "hold" rating reaffirmed by analysts at Jefferies Financial Group Inc..MarketBeat
SHAK
Earnings
- 10/30/25 - Beat
SHAK
Sec Filings
- 11/26/25 - Form 4
- 11/25/25 - Form 144
- 11/25/25 - Form 8-K
- SHAK's page on the SEC website