On Friday, the National Institutes of Health announced major cuts to funding of indirect costs for Universities, etc. Here's the potential impact on science and society.

The National Institutes of Health announced that the agency is making cuts to grants that support research institutions by limiting the amount of indirect funding for research projects to just 15%.

The drastic reduction in indirect costs is not a path to innovation or cost savings — it’s a threat to U.S.’s position as global leader in medical research.