Government Policy ImpactThe Administration’s policy for NIH funding, currently on hold, to cap indirect cost payments at 15% for new and existing grants at medical schools would have an impact of ~$3.3 billion.
Grant TerminationsNIH grants totaling ~$9.5 billion have been terminated this year, impacting Huron's clients in the Education segment.
Segment PerformanceCommercial segment underperformed in the quarter due to declines in strategy consulting, although a rebound is expected.