#staff-cuts

#staff-cuts

UChicago is reportedly selling the Center for Research in Security Prices, founded in 1960, for $355 million to Morningstar, a research and investment firm also located in Chicago. The center, known as CRSP, developed a market database more than 65 years ago that "allowed investors to measure historic rates of return for U.S. stocks," according to its website, which notes that its data has been used in more than 18,000 peer-reviewed studies and by hundreds of entities.

The Office of the Director of Operational Test and Evaluation, critical in ensuring thorough weapon testing, faces the largest staff cuts in its history, threatening operational efficacy.

"Across the research portfolio we have had to make difficult choices and unfortunately, today, nearly 180 of our colleagues who have been working, in whole or in part, on impacted federal grants, will receive notices of non-renewal or termination."