Photo: Frederic J. Brown/AFP/Getty Images

"After a decade of booming enrollment by students from China, American universities are starting to see steep declines as political tensions between the two countries cut into a major source of tuition revenue," AP reports.

Why it's happening: The U.S trade war with China and concerns about national security risks "appear to be accelerating a trend that's also driven by growing international competition, visa complications and the development of China's own higher education system," writes AP.

  • Several universities have reported drops of one-fifth or more this fall in the number of new students from China.
  • To adapt, some schools are stepping up recruiting in other parts of the world.
  • Foreign students contribute about $39 billion to the U.S. economy and are often sought after by universities because they don't rely on financial aid.

The big picture: The decline in Chinese students studying in the U.S. is reflective of a larger trend among international students opting to go elsewhere for their studies, a trend also reflected among top business schools.

How some schools are responding:

  • The University of Illinois took out a $60 million insurance policy if enrollment of Chinese students dropped by 20% or more in their colleges of engineering or business.
  • Leigh University hired a recruiter to bring in more students from India after applications from China fell by 6% this fall.

Go deeper: U.S. revokes Iranian student visas as tensions increase

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Louisville officer: "Breonna Taylor would be alive" if we had served no-knock warrant

Breonna Taylor memorial in Louisville. Photo: Brandon Bell/Getty Images

Sgt. Jonathan Mattingly, the Louisville officer who led the botched police raid that caused the death of Breonna Taylor, said the No. 1 thing he wishes he had done differently is either served a "no-knock" warrant or given five to 10 seconds before entering the apartment: "Breonna Taylor would be alive, 100 percent."

Driving the news: Mattingly, who spoke to ABC News and Louisville's Courier Journal for his public interview, was shot in the leg in the initial moments of the March 13 raid. Mattingly did not face any charges after Kentucky Attorney General Daniel Cameron said he and another officer were "justified" in returning fire to protect themselves against Taylor's boyfriend.

U.S. vs. Google — the siege begins

Illustration: Sarah Grillo/Axios

The Justice Department fired the starter pistol on what's likely to be a years-long legal siege of Big Tech by the U.S. government when it filed a major antitrust suit Tuesday against Google.

The big picture: Once a generation, it seems, federal regulators decide to take on a dominant tech company. Two decades ago, Microsoft was the target; two decades before that, IBM.

Dion Rabouin, author of Markets
2 hours ago - Economy & Business

Why the stimulus delay isn't a crisis (yet)

Illustration: Aïda Amer/Axios

If the impasse between House Speaker Nancy Pelosi and the White House on a new stimulus deal is supposed to be a crisis, you wouldn't know it from the stock market, where prices continue to rise.

  • That's been in no small part because U.S. economic data has held up remarkably well in recent months thanks to the $2 trillion CARES Act and Americans' unusual ability to save during the crisis.