Trump administration announces significant cuts in US biomedical research funding

The National Institutes of Health (NIH) is imposing a 15% limit on grants awarded to institutions for "indirect costs" related to research, which includes expenses such as buildings, equipment, and support staff. This represents a significant reduction from the previously allowed levels, which would save the NIH an estimated $4bn. The cuts are expected to go into effect on Monday, and could potentially impact research on diseases like Alzheimer's and Parkinson's.