Mark Zuckerberg and his wife Priscilla Chan have donated $25 million through their foundation to a philanthropic effort organized by Bill Gates to explore new coronavirus treatments.
The Gates Foundation donated $50 million last week to what it’s calling the “COVID-19 Therapeutics Accelerator.” The initiative brings together life sciences companies to collaborate on the development of new vaccines, diagnostics, and treatments for COVID-19.
“The Therapeutics Accelerator will enable researchers to quickly determine whether or not existing drugs have a potential benefit against COVID-19,” Chan and Zuckerberg said in a press release. “We hope these coordinated efforts will help stop the spread of COVID-19 as well as provide shared, reusable strategies to respond to future pandemics.”
The two donations are the largest from tech billionaires since the coronavirus outbreak. Wellcome and Mastercard are supporting the effort as well.
The goal of the initiative is to either develop a new drug or adapt an existing treatment that it could help distribute alongside partnering pharmaceutical companies.
The 15 companies participating in the project kicked off the effort by sharing their proprietary libraries of molecular compounds that have some history of being tested with COVID-19.
The lineup includes big names in biotech such as Johnson & Johnson, Merck, Pfizer, Sanofi, and Bristol-Myers Squibb.
The president and CEO of eBay Devin Wenig is stepping down, and the company's senior vice president and chief financial officer Scott Schenkel will take his place as interim CEO.
Thygesen says Google has done more good than harm for the industry, allowing brands with smaller budgets to purchase advertising.
Fact of Fiction: Tools, technology, and automation decrease the time small business owners need to spend online. Brian Fanzo, founder of iSocialFanz, joins Cheddar break down this myth and share how to strategically streamline operations at your business.
Neumann had faced increasing pressure to leave the position following reports of indulgent and impulsive behavior.
Roku on Monday announced a new partnership with the marketing platform Innovid to provide more in-depth measurements of OTT audiences.
SoFi is adding bitcoin, litecoin and ether to its SoFi Invest platform through a partnership with Coinbase, allowing members to trade cryptocurrencies alongside their stock and ETF trades and, ideally, making more people more comfortable with buying crypto.
According to SpareFoot, a company that tracks the industry, self-storage in the U.S. is nearing a whopping $40 billion. Joseph Woodbury, CEO of Neighbor.com, shares how his company helps people pay off their mortgages.
Keith McCarty, CEO and founder of Wayv, wants to use tech to ease the many “friction points” in the complicated world of business-to-business cannabis logistics.
This week, Cheddar explores 'Wix Ascend' to see how you can build your business to reach the next level.
As Google Empathy Lab founder Danielle Krettek explained, in order to create technology that appropriately serves humanity, designers must first understand who it is they are creating for. Enter author, psychologist, and psychedelic enthusiast Dr. Richard Alpert. Known best by his moniker, Ram Dass.
