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Students walk on the University of Vermont campus. Photo: Toby Talbot / AP

Business schools are reevaluating their programs, some even considering closing their doors, because students are losing interest in applying, according to the Wall Street Journal.

Why it matters: While M.B.A. programs were once vital for careers in fields like finance, fewer employers are able to cover the cost of the degree, making it less alluring to employees. A second-year M.B.A. student at the University of Wisconsin, Diego Hahn, asked the WSJ, "Are we just going to get rid of all top public M.B.A. programs...and only let those who can afford to go to private school earn this type of education?"

The University of Wisconsin's business school, one of the oldest in the country, is voting to close in November, the WSJ reports. They follow University of Iowa and Wake Forest University, which ended its full-time MBA program and is offering MBA evening and weekend classes in addition to specialized master's programs.

Go deeper

Biden administration takes steps to "fortify" DACA

People attend a protest supporting DACA in New York, Aug. 17. Photo: Kena Betancur/AFP via Getty Images

The Biden administration on Monday took additional steps to save the Deferred Action for Childhood Arrivals program despite ongoing legal challenges to the program.

Driving the news: The Department of Homeland Security unveiled a proposed rule designed "to preserve and fortify" DACA, which offers protection from deportation for undocumented immigrants brought to the U.S. as children. The rule is set to formally publish on Tuesday and would give the public two months to submit comments in favor of or against the Obama-era policy.

Dan Primack, author of Pro Rata
1 hour ago - World

Merkel's departure could bring influx of private investment

Christian Democratic Union party chairman and candidate for the federal elections, Armin Laschet, in front of German Chancellor Angela Merkel in Berlin on Sept. 26. Photo: Clemens Bilan/Pool/Getty Images

Angela Merkel's departure from German government may result in a massive influx of private investment.

Driving the news: The center-left Social Democratic Party, led by chancellor candidate Olaf Scholz, clinched a narrow victory in Germany's federal elections. It now will seek to form a coalition government by year-end with the Greens and the Free Democrats.

Instagram pauses development of platform for kids

Photo: Lorenzo Di Cola/NurPhoto via Getty Images

Instagram announced Monday that it is pausing its plans to develop a version of its platform for children under 13.

Why it matters: Facebook has received backlash since the Wall Street Journal published a report that showed the company knew its Instagram app is harmful to teenagers.