Temasek Holdings Pte Chairman Lim Boon Heng is stepping down and will be succeeded by Teo Chee Hean, marking a significant shift in leadership at the Singapore state investor.

Exiles is happening, there are circumstances around the spinoff that don’t sit well, especially after Hondo’s final speech.

Trump also threatened to strip schools of their tax-exempt status, and this week said Columbia University no longer meets ...