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.
Apple shares continued to tumble on Friday, as investors and analysts processed the tech giant's announcement it would no longer publish individual iPhone, iPad or Mac unit sales in future earnings reports. Apple executives have insisted the metrics are no longer relevant to investors ー but some analysts don't see it that way.
We are heading towards a buyers market, and technology is making it easier to sell your current home to buy a new one. Quinn Hawkins, Head of Redfin Now, breaks down what is iBuying and how it works.
Next year may signal a more widespread adoption of crypto among institutional investors ー if the current momentum continues, that is. Grayscale, a veteran digital currency investment firm, saw record inflows, $330 million in the first three quarters of 2018 ー most of which came from institutional investors including hedge funds, endowments and pensions, according to the managing director.
George Schutlze, founder of Schultze Asset Management, is a former Tesla short-seller who covered on the day Tesla CEO Elon Musk released controversial "funding secured" tweet. That didn't work out well for Schultze, who said he's considering a new short position based on the company's cash flow problems.
After months of damaging headlines and privacy mishaps, Facebook may be down, but it's not out ー especially not in the case of the U.S. midterms, according to the company's director of outreach. Katie Harbath, global politics and government outreach director at Facebook spoke with Cheddar's Hope King about fighting fake news from the company's "war room" in an exclusive interview.
Box CEO Aaron Levie told Cheddar that his company's structure -- lots of small, empowered teams -- has helped land it two-thirds of the Fortune 500 as customers.
Apple shares tumbled after the bell on Thursday, despite beating analyst estimates for its fiscal fourth-quarter earnings and revenue. Cheddar breaks down the results.
Google employees across the globe staged a walkout in protest of the company's mishandling of sexual harassment. Cheddar's Kristen Scholer was at the New York office walkout and spoke to employees who participated.
Eva Chen has spent the past three years turning Instagram into the go-to platform for fashion. Now the app's director of fashion partnerships is channeling her expertise into a new children's book, "Juno Valentine and The Magical Shoes."
With a dismal October on the books, investors are now looking to Thursday's earnings report from Apple for signs that tech stocks are ready to rebound. The trillion-dollar company will report its fiscal fourth-quarter earnings after the closing bell. Analysts are estimating about 48 million iPhones and 11 million iPads were sold in the three-month period, with earnings per share of $2.78 on roughly $62 billion in revenues.
