Harvard University is nearing a $500 million settlement with the Trump administration, in what would be the largest payout the White House has won so far in its campaign to punish universities that it says failed to stop antisemitism on campus.

Harvard and the Trump administration are in the thick of negotiations to restore the university’s funding, moving closer to a deal but with nothing set in stone. A source familiar with the discussions told The Hill there are still real barriers that need to be overcome but that a deal is “close.

After losing nearly $3 billion in research funding, Harvard University now risks losing control of its intellectual property in a latest Trump administration action.