Press Releases

 “Fund for Health” announced first round of funding for companies that aim to strengthen social determinants of health PHILADELPHIA, August 31, 2021—Three start-up companies will be the first to receive investment from the Fund for Health, a joint partnership between Penn Medicine and the Wharton Social Impact Initiative of the…Read More

Deadline to Apply for Virtual Professional Development Program is October 8 What: The Wharton School is pleased to invite business journalists to apply for the flagship Wharton Seminars for Business Journalists program.  The Wharton Seminars for Business Journalists, led by the Wharton School’s most prominent professors, help reporters gain a better understanding of…Read More

Incoming MBA Class First-Ever in School History with Equal Gender Representation PHILADELPHIA, July 28, 2021—The Wharton School of the University of Pennsylvania today announced that, for the first time in its 140-year history, women will comprise more than 50% of the incoming first year class of MBA students. At nearly…Read More

Leading firms invest in Black Futures with formation of “AltFinance” Initiative to introduce more HBCU students to the influential alternative investment industry NEW YORK, June 15, 2021 – Apollo Global Management, Inc. (Apollo), Ares Management Corporation (Ares) and Oaktree Capital Management, L.P. (Oaktree) today announced a 10-year, $90 million, industry-first…Read More

Interest in crypto and decentralized finance (DeFi) rose sharply during the pandemic and investment has accelerated While DeFi has the potential to transform the financial system, it lacks a clear policy landscape that could help accelerate benefits and mitigate risks To help policy-makers make sense of these trends and to…Read More

PHILADELPHIA, June 7, 2021 – Philadelphia Mayor Jim Kenney announced today the launch of “Philly Vax Sweepstakes,” a series of three citywide drawings designed to give Philadelphians extra motivation to get their vaccination against COVID-19 as the city fully reopens this summer.  A total of 36 vaccinated Philadelphians will win…Read More

PHILADELPHIA, PA, May 20, 2021 – The University of Pennsylvania (“the University,” “Penn”) is delighted to announce a new anonymous gift of $5 million in the form of Bitcoin – the largest cryptocurrency gift the University has ever received. Facilitated by NYDIG, an industry leader in providing Bitcoin technology and…Read More

Research reveals evidence-based management practices to improve workplace culture PHILADELPHIA, May 19, 2021—The Wharton School of the University of Pennsylvania, with support from Moody’s Corporation and DiversityInc, today published a new study, Improving Workplace Culture Through Evidence-Based Diversity, Equity and Inclusion Practices, examining the relationship between diversity, equity and inclusion (DEI)…Read More

PHILADELPHIA, May 18, 2021—The University of Pennsylvania marked the 265th Commencement with a limited in-person undergraduate Commencement Ceremony for the Class of 2021 at Franklin Field on the morning of Monday, May 17. Alumna, entrepreneur, and philanthropist Laurene Powell Jobs, who earned a B.A. in political science from the College…Read More

AFP would increase federal debt by 4.6% and decrease GDP by 0.4% in 2050 PHILADELPHIA, May 5, 2021—On April 28, 2021, President Biden released the second phase of his administration’s infrastructure plan, the American Families Plan (AFP). The AFP is a $1.8 trillion proposal focusing on federal investment in childcare,…Read More

Washington D.C., May 3, 2021 – The Securities and Exchange Commission today announced that Jessica Wachter has been appointed Chief Economist and Director of the Division of Economic and Risk Analysis (DERA). Wachter joins the SEC from the Wharton School, University of Pennsylvania, where she has been a professor since…Read More

NEW YORK, April 28, 2021 — With the goal of applying scholarly perspectives to some of society’s most important issues, Carnegie Corporation of New York today announced the 2021 class of Andrew Carnegie Fellows. The philanthropic foundation will grant each fellow $200,000 to fund significant research and writing in the…Read More

The Luminos Fund and PEAS Win $100,000 Each PHILADELPHIA, April 26, 2021––EarthEnable has been named as the winner of the 2021 Barry & Marie Lipman Family Prize. Chosen from more than 115 applicants around the globe, EarthEnable aims to eliminate unsanitary living conditions by building an affordable and sustainable housing…Read More

Applications now open, deadline to apply is May 25 What: The Wharton School is pleased to invite business journalists to apply for the next virtual Wharton Seminars for Business Journalists program. The June 2021 program will feature Wharton professors Katy Milkman, Ben Keys and Mary-Hunter McDonnell who will present on “The Science of…Read More

The sixth annual Best Countries report reveals the importance of social justice as a global ambition, the unexpected societal byproduct of the COVID-19 crisis and the influence of conspiracy theories. WASHINGTON, D.C., April 13, 2021—For the first time, Canada takes the top spot overall in the 2021 Best Countries Report,…Read More

The American Jobs Plan will decrease GDP by 0.8% by 2050 PHILADELPHIA, April 7, 2021––On March 31, President Biden announced The American Jobs Plan–a $2.7 trillion plan to invest in American infrastructure. The plan includes spending provisions aimed at rebuilding various sectors of American infrastructure and financing provisions which would…Read More

Goldman Sachs, Starbucks, Lead Research Partner The Wharton School of The University of Pennsylvania, Robin Hood foundation, Harvard T.H. Chan School of Public Health, ACLU, McKinsey & Company, Lord Abbett, and Children’s Defense Fund join together to combat the racial wealth gap  NEW YORK, April 6, 2021—An inaugural group of…Read More

Annual student-run event hosted by Professors Adam Grant, Angela Duckworth, and Cade Massey brings together leaders from business, academe and the world’s premier organizations to inform the future of work PHILADELPHIA, April 5, 2021 —The annual Wharton People Analytics Conference will take place virtually on April 15, bringing together hundreds…Read More

If instead all eligible adults are vaccinated, PWBM projects up to 8.3 million fewer cases, 2.6 million new jobs and a 2% GDP increase in 2021 PHILADELPHIA, March 23, 2021––The outlook for the pandemic and the U.S. economy hinges on the pace of COVID-19 vaccinations this year. The Penn Wharton…Read More