This episode covers breaking news about NIH's steep cuts to indirect cost rates for universities and medical centers, potentially creating $100+ million shortfalls for major research institutions, though a federal court has temporarily blocked the cuts nationwide. The episode also discusses Trump's 46 executive orders affecting healthcare through immigration enforcement at hospitals, visa restrictions impacting foreign nurse recruitment, and tariff proposals, plus General Catalyst's expansion beyond VC into healthcare AI consulting and Cigna's new initiative linking executive pay to customer satisfaction measures.

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