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The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

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Scott Bessent casually says the U.S. has more than $1 trillion in gold—and that it doesn’t matter for the dollar
Health

The $3 Billion Chan Zuckerberg Health Initiative Has Hired a President

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September 28, 2016, 4:17 AM ET
Mark Zuckerberg, Priscilla Chan
In this Tuesday, Sept. 20, 2016, photo, Facebook CEO Mark Zuckerberg, left, speaks with his wife, Priscilla Chan, as they rehearse for a speech in San Francisco. Zuckerberg and Chan have a new lofty goal: to cure, manage or eradicate all disease by the end of this century. To this end, the Chan Zuckerberg Initiative, the couple's philanthropic organization, is committing significant financial resources over the next decade to help accelerate basic science research. (AP Photo/Jeff Chiu)Photograph by Jeff Chiu — AP
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The $3 billion health initiative set up by Facebook (FB) co-founder Mark Zuckerberg and his wife Priscilla Chan has hired one of AstraZeneca’s non-executive directors to head up its science drive.

The British drugmaker said on Wednesday that Cornelia Bargmann would step down from its board next month to take up a new role as president of Chan Zuckerberg Science, part of the Chan Zuckerberg Initiative.

Leif Johansson, AstraZeneca’s chairman, said the board was sorry to see her leave but understood Bargmann’s decision to focus on the new assignment.

See also: Chan Zuckerberg Initiative Pledges $3 Billion to Fighting All Human Diseases

Zuckerberg and Chan unveiled their new initiative last week, with a goal to “cure, prevent or manage all disease within our children’s lifetime.”

Their plan echoes the big global health ambitions of the Bill & Melinda Gates Foundation, another philanthropic endeavor funded by tech industry money that has similarly tapped the pharmaceuticals sector in the past for key staff.

On the plus side, AstraZeneca (AZNCF) also said it had hired Columbia University genetics expert David Goldstein to the consultative role chief adviser for genomics. Goldstein, who will continue his academic jobs, had previously served as chair of AstraZeneca’s genomics advisory panel.

The company unveiled a 10-year plan in April for a massive gene hunt in the biggest bet yet by a drugmaker on the potential of genetic variations to unlock routes to new medicines.

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