US President Donald Trump announced on Tuesday in Saudi Arabia that he would lift sanctions on Syria.
Cuts come in addition to $2.2bn in suspended contracts and grants, as US president seeks to pressure Ivy League school.
The trial resumes on Monday in which the American music mogul faces charges, including sex trafficking and racketeering.
Bayer Leverkusen's Xabi Alonso poised to replace Real Madrid manager Carlo Ancelotti, according to media reports.