For fiscal year 2023, NIH spent more than $35 billion in about 50,000 grants to more than 300,000 researchers at more than 2,500 medical schools, universities and other research institutions, the agency said, with about $9 billion of that going to indirect costs..

The University of Iowa is in danger of losing out on $33.4 million in research funding if National Institutes of Health funding cuts are approved.

Proposed cuts by the Trump administration to a type of federal funding from the National Institutes of Health would pose a credit challenge to universities that receive the funds, analysts at JPMorgan Chase & Co.