Tech Billionaire Commences Late-Stage Life Science VC Fund

An entrepreneur who made his fortune building a $14 billion tech company is setting up a life science venture capital fund. The Israel-focused fund will target maturing life science startups with a view to helping companies grow into the next Teva ($TEVA) rather than sell up or outlicense their programs.

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Big money crops up in small elections in the United States

Political groups that took advantage of loosened campaign-finance rules spent hundreds of millions of dollars in the 2012 U.S. presidential election. This year, they're cropping up in state and local races as well.

Read Full Article Inc unit files suit against proposed ban on online drug sales

Rakuten Inc sought court action to stop the passage of the bill to prohibit the over the counter sales of certain drugs over the Internet.

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Eike's Rio de Janeiro had highs and lows with the billionaire

At his financial mightiest, Eike bankrolled social services in Rio de Janeiro.

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Billionaire Mark Cuban indicted for insider trading

The US Securities and Exchange Commission has charged Mark Cuban of insider trading.

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Bollore denies seeking paying position in Vivendi

French billionaire Vincent Bollore is Vivendi's largest shareholder and is not seeking a paying position in the French conglomerate.

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Apple shares up by 2.7%, exceed USD500 per share price

Apple's stock rose after Carl Icahn expressed his interest in the company amid the release of Apple's new products.

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Swiss shop clerk tells Oprah Winfrey crocodile handbag is "too expensive" for her

A Swiss shop clerk told Oprah Winfrey that a crocodile handbag worth US$38,000 was "too expensive" for her which sparked racist slur.

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Billionire Elon Musk receives US$4.3 million of share options for his work on Model X

Billionaire Elon Musk would receive US$4.3 million in share-based pay for his recent work on Tesla's Model X sport-utility vehicle.

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Billionaire Elon Musk's fortune rockets by US$570 million as Tesla tops estimates

Tesla Motor Inc. rallied 14% after posting its second quarter earnings report which helped the fortune of Elon Musk to rocket by US$570 million yesterday.

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Groupon entrusts turnaround on billionaire venture capitalist Lefkofsky

Groupon pinned its turnaround on billionaire venture capitalist Lefkofsky who was recently appointed as the chief executive officer.

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Serge Godin becomes billionaire following CGI-Logica merger

Serge Godin became a billionaire after the merger of CGI Group Inc and Logica Plc.

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Brazil's richest loses more than US$30 billion, worth down 74%

Batista's worth went down 74% after losing more than US$30 billion.

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Egypt to see more investments from Billionaire Naguib Sawiris

Egypt will be seeing more investments from Billionaire Naguib Sawiris and his family.

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Touchscreen demand lifts Chinese to billionaire status

Chinese entrepreneur Cai Rongjun became a billionaire after his touchscreen manufacturer company advanced its stocks.

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