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☆ Home Sellers' Tough Summer: Get Ready for Lower Prices, Fewer Offers
▼ + stars: | 2024-05-08 | by ( James Rodriguez | ) www.businessinsider.com time to read: +11 min

Rich baby boomers jumped in with all-cash offers, and sellers scored huge windfalls as weary buyers pushed prices to new heights. After all, people have to move for a wide variety of life reasons; mortgage rates be damned. "The further and further we get from the peak of the market," Peterson told me, "the harder it is to deny what's happened." Mortgage rates haven't fallen — in fact, they've gone up about 0.6 percentage points since the start of the year. "It can always be tricky telling somebody that they were just lucky because it makes you sound envious," Peterson told me.

Persons: Rich, Sellers, Eric Peterson, Peterson, Austin, Freddie, they've, Selma Hepp, Freddie Mac, Mike Simonsen, Redfin, towners, Libby Levinson, Katz, Price, Levinson, John Burns, they'll, Realtor.com, you'd Organizations: Freddie Mac, Reserve, Federal Housing Finance Agency, Altos Research, Sun, John, John Burns Research, Consulting Locations: Austin, Boise , Idaho, Denver

☆ These are the 10 top-paying U.S. cities where women outearn men
▼ + stars: | 2024-03-27 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +3 min

Nationwide, women outearn men in just 42 U.S. cities out of an analysis of some 1,800 cities, according to a new GoBankingRates report using Census Bureau data. : Women earn a median $69,983 a year Oakland, Calif.: Women earn a median $68,260 a year Goleta, Calif.: Women earn a median $65,030 a year Laurel, Md. : Women earn a median $65,008 a year Monrovia, Calif.: Women earn a median $62,016 a year Hackensack, N.J.: Women earn a median $60,237 a year Newark, Del. : Women earn a median $58,769 a year Chamblee, Ga.: Women earn a median $58,590 a yearIn each of these cities, women outearn men by a share of .14% to 18.95% of what men earn. However, men outearn women in each of these cities by a rate of 60% to 70%.

Persons: Bowie, Andrew Murray, Murray, San Organizations: Washington D.C, CNBC, Research, Department of Defense, Calif Locations: U.S, Md, Clinton, Fort Washington, Oakland, Calif, Goleta, Laurel, Monrovia, Hackensack, N.J, Newark, Del, Washington, Jacksonville, N.C, Los Altos, Saratoga, McLean, Va, San Carlos, Wellesley, Mass

☆ Homebuyers' Biggest Mistake: Waiting for Mortgage Rates to Fall
▼ + stars: | 2024-03-27 | by ( James Rodriguez | ) www.businessinsider.com time to read: +11 min

Then, as the Federal Reserve began its battle against inflation in 2022, mortgage rates shot up, eventually hitting a 20-year high in October. Over the past decade, there's been a clear correlation between mortgage rates and inventory: When mortgage rates fall, the number of available homes for sale at a given moment shrinks. So, yes, waiting it out until mortgage rates decline sure seems appealing. The Federal Reserve has signaled that it plans to drop borrowing rates this year, which would likely push down mortgage rates. Advertisement"People are focusing on mortgage rates because every week they hear about mortgage rates changing," Doerner of the FHFA told me.

Persons: swiping, there's, Mike Simonsen, Freddie Mac, CoreLogic, —, homebuyers, Redfin, John Burns, Alex Thomas, There's, Will Doerner, Doerner, They're, Simonsen, it's, Jerome Powell Organizations: Federal Reserve, Buyers, Altos Research, Bank of America, John, John Burns Research, Consulting, Federal Housing Finance Agency, Federal, Fed

☆ Sam Altman's mission to increase human lifespan with a $180 million shipping container experiment at Retro Biosciences
▼ + stars: | 2024-03-23 | by ( Hilary Brueck | ) www.businessinsider.com time to read: +11 min

Called Retro Biosciences, the startup's goal is simple yet supremely ambitious: Add 10 healthy, enjoyable years onto the back end of our lifetimes. But Retro Biosciences actually fits quite neatly into Altman's futuristic worldview. Retro BiosciencesRetro Biosciences sits about 30 miles south of OpenAI's San Francisco headquarters, where ChatGPT was hatched. Joe Betts-LaCroix is the CEO of Retro Biosciences. There are things we already know work super well to improve human longevity, like exercise, diet, faith, and social support.

Persons: Sam Altman, he's, Elon Musk, Mark Zuckerberg, Altman, Instacart —, Joe Betts, LaCroix, isn't, Betts, Retro's, spry, Yamanaka, Shinya Yamanaka, it's, they've, Sora, Thiel, Jeff Bezos, Bezos, Yuri Milner, Billionaire Peter Thiel, He's, Aubrey de Grey, Christian Angermayer, biogerontologist Daniel Promislow, Altman's, Matt Buckley Organizations: Business, OpenAI, Biosciences, Harvard, MIT, Caltech, Extension, Apple, Stanford University, Retro, Bezos, Labs, Billionaire, Cambrian, Retro Biosciences, Bloomberg Locations: geroscience, Silicon Valley, OpenAI's San Francisco, Meta, Golden City, Retro.bio, Redwood City , California, San Diego

☆ Biden calls Putin a ‘crazy S.O.B.’ and criticizes Trump’s Navalny comments during fundraiser
▼ + stars: | 2024-02-21 | by ( Samantha Waldenberg | ) edition.cnn.com time to read: +4 min

CNN —President Joe Biden called Russian President Vladimir Putin “a crazy S.O.B.” in a fundraiser Wednesday in San Francisco, according to the pool reporters traveling with the US president. But the existential threat to humanity is climate,” Biden told those gathered at the fundraiser. Biden also criticized former President Donald Trump’s comments likening his legal troubles to the death of Russian opposition leader and Kremlin critic Alexey Navalny. Where the hell does this comes from,” Biden said, according to reporters in the room. These guys do not believe in basic democratic principles,” Biden said according to the pool traveling with him.

Persons: Joe Biden, Vladimir Putin “, “, Putin, ” Biden, Biden, Donald Trump’s, Alexey Navalny, ”, Navalny, …, Trump, ” Trump, Dmitry Peskov, Strom Thurmond, “ I’ve, I’ve, “ You’ve, ‘ You’ve, Nancy Pelosi, John Doerr, CNN’s Kate Sullivan, Kaanita Iyer, Anna Chernova Organizations: CNN, Republican, NATO, Putin, Russia, Kremlin, Republicans, ”, White Locations: San Francisco, United States, Russia, U.S, United States of America, South Carolina, Los Altos Hills , California

☆ Home Prices May Be Sky-High, but America Is Not in a Housing Bubble
▼ + stars: | 2024-02-14 | by ( James Rodriguez | ) www.businessinsider.com time to read: +12 min

The housing market, they claimed, was a bubble destined to burst. I’ve spent the past few years asking experts a simple question: Has the housing market reached bubble territory? AdvertisementFor a time, it seemed like the housing market was doing a speedrun through Simonsen’s checklist. And even if the economy does take a turn, a run-of-the-mill recession probably wouldn’t be enough to topple the housing market. The housing market is far from balanced, but we’re at least heading in that direction.

Persons: doomsayers, I’ve, Redfin, you’ve, you’ll, Mike Simonsen, megalandlords, ”, Ian Shepherdson, Goldman Sachs, Jerome Powell, Powell, Rick Palacios Jr, John Burns, ” doomsayers, might’ve, It’s, it’s, Logan Mohtashami, don’t, US homebuilders, “ It’s, ” Mohtashami, Selma Hepp, Fannie Mae, Palacios, ” Palacios, Mohtashami Organizations: Altos Research, Wall, John, John Burns Research, Consulting, Mortgage Bankers Association, Federal Reserve Bank of New, Federal Housing Finance Agency Locations: Charlotte, North Carolina, Austin, Las Vegas, Miami, Boise , Idaho, Dallas, Federal Reserve Bank of New York, US

☆ A Guide to Longevity: Diet, Fitness, Drugs, Tips
▼ + stars: | 2023-11-22 | by ( Business Insider | ) www.businessinsider.com time to read: +1 min

To mature in mind alone, without the aches, pains, wrinkles, and ailments that emerge as our cells break down over time. Sam Altman, of OpenAI fame, invested $180 million in a niche startup that is trying to extend human lifespan by 10 years. Peter Thiel invested in Unity Biotechnology, which is studying senescent cells — cells that do not break down as we age. AdvertisementBusiness Insider's "Forever Young" explores the many ways we as a society are pursuing longer, healthier lives. From new drugs to supplements to lifestyle tweaks to scientific experiments, here's how scientists — and everyday people — are trying to turn back the clock on aging.

Persons: Jeff Bezos, Sam Altman, Peter Thiel Organizations: Altos Labs, Unity Biotechnology

☆ Home buyers are finally seeing a light at the end of the tunnel, but it is going to be painful for homeowners and sellers
▼ + stars: | 2023-10-10 | by ( Cork Gaines | ) www.businessinsider.com time to read: +6 min

There is no end in sight for high mortgage rates, and sellers are dropping prices. AdvertisementAdvertisementThe housing market is in an ugly place right now for buyers and while things may be stabilizing, that just means pressure will likely shift from buyers to sellers. Redfin CEO Glenn Kelman made headlines in recent weeks with several interviews where he said the housing market had hit "rock bottom." "The housing market is just taking a beating because affordability is at a four-decade low. While the market might not get worse for buyers, sellers are not yet at rock bottom after enjoying years of rising home values.

Persons: —, Glenn Kelman, Kelman, ZIlloq, Paul Bradbury, Zillow, Jeff Tucker, Redfin, Jeremy Grantham, Grantham, David Rosenberg, Rosenberg, Merrill Lynch, Luis M, Alvarez, Tom Barkin, Alou Diarra, Getty Organizations: Service, CNBC, Getty, Cleveland Fed, Altos Research, Rosenberg Research, North, AP, Richmond, Fed Locations: North American

☆ The US housing market is starting to flash a few rays of sunshine for homebuyers
▼ + stars: | 2023-09-30 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

The US housing market is starting to flash a few rays of sunshine for prospective homebuyers. It comes as the housing market has been stuck, with sales activity stalling as high rates discourage buying and selling. In fact, the situation is so bad that Redfin CEO Glenn Kelman recently declared the market has hit "rock bottom." More precisely, the 30-year mortgage rate hit the highest level in 23 years, climbing further above 7%. In the existing home market, sellers are growing open to negotiating about the asking price, or offering concessions, like funding home repairs or a mortgage-rate buydown.

Persons: —, Glenn Kelman, Altos, Redfin, David Palmer Organizations: Altos Research, Service

☆ It's not just the uber-rich freezing their brains and bodies when they die. An HBO show visited a conference filled with everyday people excited to do it.
▼ + stars: | 2023-09-24 | by ( Kylie Kirschner | ) www.businessinsider.com time to read: +5 min

The series finale of HBO's "How To with John Wilson" explored cryonics and the quest for immortality. Sam Altman, Jeff Bezos, Peter Thiel, and Bryan Johnson all invested in anti-aging or cryonics. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. Insider has previously reported on Alcor competitor Cryonics Institute, a more affordable alternative that charges $28,000 for a body to be stored indefinitely. A Cryonics Institute model of the tanks used to store bodies, which are actually stored upside down in practice.

Persons: John Wilson, Sam Altman, Jeff Bezos, Peter Thiel, Bryan Johnson, It's, Wilson, hasn't, Bari Weiss, he's, Johnson Organizations: Service, Alcor, HBO, MIT Technology, Biosciences, Altos Labs Locations: Wall, Silicon, Altos

☆ John Warnock, Inventor of the PDF, Dies at 82
▼ + stars: | 2023-08-24 | by ( Clay Risen | More About Clay Risen | ) www.nytimes.com time to read: +1 min

John Warnock, a founder of Adobe Systems whose innovations in computer graphics, including the ubiquitous PDF, made possible today’s visually rich digital experiences, died on Aug. 19 at his home in Los Altos, Calif. The cause was pancreatic cancer, Adobe, which Dr. Warnock started in 1982 with Chuck Geschke, said in a statement. Until Dr. Warnock and Adobe came along, desktop printing was an arduous, expensive and unsatisfying endeavor. Dr. Warnock developed protocols that came loaded into desktop printers themselves, and that accurately rendered what a computer sent them. Adobe’s first such protocol, PostScript, went into Apple’s revolutionary LaserWriter, released in 1985, and within a few years it was the industry standard.

Persons: John Warnock, Warnock, Chuck Geschke, Dr, Adobe’s Organizations: Adobe Systems, Adobe Locations: Los Altos, Calif

☆ Jeff Bezos is ripped now. Here's how the Amazon founder went from scrawny to brawny — even though he still cheats with pancakes
▼ + stars: | 2023-07-27 | by ( Jyoti Mann | Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

Amazon founder Jeff Bezos has had a "glo-up" in recent years since stepping back from the company. He went from eating a tin of biscuits for breakfast every morning to putting in hours in the gym. Jeff Bezos was a pretty scrawny guy when he founded Amazon in 1994. She said that Bezos "stole" her personal trainer, Wes Okerson, who has also trained celebrities like Tom Cruise and Gerard Butler. Beyond his personal diet and fitness regimen Bezos has reportedly also invested in anti-aging research company Altos Labs.

Persons: Jeff Bezos, Lauren Sanchez, Sanchez, Wes Okerson, Tom Cruise, Gerard Butler, Jeff, Bezos, Bezos's, MacKenzie Scott, Betty Crocker Organizations: Amazon, Wall Street, Pillsbury, Altos Labs

☆ The last, best hope for homebuyers
▼ + stars: | 2023-07-19 | by ( James Rodriguez | ) www.businessinsider.com time to read: +12 min

But there may be one last hope for salvation for these hard-pressed homebuyers: brand-spanking new houses. Many builders are even dangling perks like cheaper loans or other discounts to ease the pain of higher mortgage rates. Homebuilding is typically a cyclical industry, following the ups and downs of the broader housing market. Of course, people will always move for reasons that have nothing to do with mortgage rates. Even if buyers get some relief from new housing construction, builders are still a long way off from bridging the housing shortfall.

Persons: Richard de Chazal, William Blair, de Chazal, Realtor.com, bottoming, John Burns, Black Knight, Mike Simonsen, Simonsen, bode, it's, Sheryl Palmer, Taylor Morrison, Palmer, Cristian deRitis, Jay Parsons, Matthew Walsh, Walsh, Freddie Mac, Lawrence Yun, They're, production's, James Rodriguez Organizations: Federal Reserve, National Association of Realtors, John Burns Research, Consulting, Altos Research, National Association of Homebuilders, Builders, Moody's

☆ Here’s What Buy Side Staffers Are Buying on Sale for Prime Day
▼ + stars: | 2023-07-11 | by ( ) www.wsj.com time to read: +13 min

Here are products on sale that our team members are buying themselves—or already own and can highly recommend—during this year’s two-day Prime event. I’ve set goals to cook more than I eat out or order in to save money and for my health goals, so I’ll be purchasing this All-Clad cookware set this Prime Day for all my cooking needs. The 8-inch version is on sale for Prime Day, coming in at less than $300. Reviewers note that they’re ideal for larger hands.” —Leslie Yazel, editor, head of contentSalon-level styling tool“I bought the Revlon One Step Volumizer styling brush last Prime Day, and it has been a favorite all year. My partner always steals them when we travel, so this Prime Day, I’ll be buying him his own pair while they’re $100 off ahead of our fall wedding-season travels.” —Chao Li, head of product

Persons: what’s, juicer “ I’ve, ”, Nick Guy, I’ve, ” — Ian Salisbury, AirTag, Brittany Nguyen, Madeline Diamond, Emily Schwartzberg, It’s, ” — Emily Welsh, it’s, ” — Alix Milne, Rina Stone, I’ll, — Caroline Wernecke, Hydrating, — Irma Sahinovic, Astrid Stawiarz, ” — Leslie Yazel, Jessica Woodbury, I’d, Caroline Wernecke, ” — Bellamy Richardson, Bissell, ” — Chao Li Organizations: Side, Timex Men’s Expedition, Revlon, Altos, Colgate, Sony WH, 1000XM4, Sony Locations: France

☆ FDIC mistakenly releases confidential information on Silicon Valley Bank depositors, revealing major tech giants that benefitted from government help
▼ + stars: | 2023-06-23 | by ( Katie Hawkinson | ) www.businessinsider.com time to read: +2 min

The FDIC sent Bloomberg an unredacted list of Silicon Valley Bank depositors by mistake. The list reveals that Silicon Valley Bank's biggest depositors included tech giants like Sequoia. Some of these depositors kept their relationship with the bank confidential, Bloomberg reports. After Silicon Valley Bank failed in March, U.S. officials — including President Joe Biden and Treasury Secretary Janet Yellen — described its rescue as a necessary step to protect small businesses. While many early-stage startups banked with the SVB, new documents obtained by Bloomberg show that several global tech giants with significant deposits also benefitted from the government's intervention.

Persons: Joe Biden, Janet Yellen —, Jeff Bezos, — Organizations: FDIC, Bloomberg, Silicon, Morning, Valley Bank, Sequoia, Apple, Google, Altos, Inc, Treasury Department, Federal Locations: Silicon Valley, Sequoia, U.S, SVB

☆ Housing Market Ice Age: Fewer Sales, Higher Home Prices, Less Inventory
▼ + stars: | 2023-05-24 | by ( James Rodriguez | ) www.businessinsider.com time to read: +12 min

The result is a housing market that's fundamentally out of whack. The housing market has changed for good — and with the benefit of time-earned wisdom, we can pinpoint the moment it entered a new era. Two big things happened during the initial response to the pandemic that launched the housing market past the point of no return. Both factors have propelled competition in the housing market to new heights and made it challenging for would-be buyers to find their footing. Some aspects of the pandemic-era housing market that once seemed "odd" are increasingly becoming new norms.

☆ Humans can't live forever, but we haven't even come close to the limit for how long our bodies could last
▼ + stars: | 2023-04-19 | by ( Emily Swaim | ) www.businessinsider.com time to read: +10 min

Mysteries like cellular senescence, telomere length, and DNA methylation hold the keys to our longevity. But so far, no one has figured out how to completely prevent or eliminate harmful senescent cells. DNA methylation is linked to several age-related diseasesTreating or preventing age-related diseases is one of the keys to unlocking longer, healthier lives. Similar to telomeres, DNA methylation is another way scientists can measure your biological age to help predict your life expectancy. For example, telomere shortening can lead to DNA damage, which in turn disrupts your mitochondria.

☆ Kellogg is giving its Pringles and Cheez-It business a new name with classical Latin twist. It's the latest company name to incorporate the 'dead' language.
▼ + stars: | 2023-03-15 | by ( Alex Bitter | ) www.businessinsider.com time to read: +4 min

Kellogg is renaming its snack business "Kellanova" — a combo of Kellogg and a Latin word for "new." Kellogg is naming its snacking division "Kellanova," the latest step in breaking up the company, it said on Wednesday. The name draws inspiration from the Kellogg name and a common Latin word, Kellogg CEO Steve Cahillane said in a statement. Etsy and Mondelez are among other companies with Latin namesKellanova is hardly the first company rebrand to draw inspiration from Latin. Before that, cigarette maker Philip Morris said it would change its name to "Altria" in an allusion to the Latin word for "high," the Journal reported in 2001.

☆ How GSK plans to replenish its depleted medicine cabinet
▼ + stars: | 2023-03-15 | by ( Maggie Fick | ) www.reuters.com time to read: +6 min

GSK has since suffered a series of clinical trial setbacks in its cancer drugs portfolio, most recently last year involving ovarian cancer drug Zejula and blood cancer drug Blenrep. BLOCKBUSTER POTENTIALAnalysts say that despite a string of strong quarterly earnings, lingering concerns over the company's drug pipeline reflect in GSK's share price. The investor said he does not see enough GSK drugs, either on the market or in development, with potential to be a so-called "blockbusters" with annual sales exceeding $1 billion. But Wood said the overhauled R&D department has put GSK in a strong position to meet growth targets. U.S. regulatory approval on GSK's vaccine, and a rival vaccine developed by Pfizer, is expected in May.

☆ OpenAI's 37-year-old CEO bet $180 million on a little-known biotech startup that's trying to help people live 10 years longer
▼ + stars: | 2023-03-09 | by ( Yeji Jesse Lee | ) www.businessinsider.com time to read: +3 min

According to a report by MIT Technology Review, OpenAI CEO Sam Altman is among the group. Altman has quietly funded a longevity startup with $180 million, MIT Technology Review said. The latest addition to the group is Sam Altman, the 37-year-old CEO of the red-hot AI startup OpenAI. Altman quietly backed a mysterious longevity startup called Retro Biosciences with $180 million of his own funds, according to a report in MIT Technology Review. "The main thing for Retro is to be a really good bio startup, because that is a rare thing," Altman told MIT Technology Review.

☆ Here’s where ‘Halftime Report’ trader Jason Snipe sees opportunity after the latest inflation reading
▼ + stars: | 2023-02-24 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Friday's hot inflation data sparked a selloff led by tech names, but investors could still find good opportunities in the sector, according to Jason Snipe, principal at Odyssey Capital Advisors. Tech stocks are especially sensitive to rising rates because higher interest rates make future profits, like those promised by growth companies, less attractive. That doesn't necessarily mean it's time to bail from those tech names altogether, but some pruning might be in order, according to Snipe. Snipe added that semiconductor stocks are "where the real opportunity is in Tech Land." He said he isn't as excited about megacap tech names "with a Fed that's as engaged as they are in 'higher for longer.'"

☆ Despite Tech Layoffs and Housing Slowdown, San Francisco’s Real-Estate Market Creeps Back to Life
▼ + stars: | 2023-02-23 | by ( E.B. Solomont | ) www.wsj.com time to read: 1 min

Attorney Ken Kumayama and his wife, Hiromi Kumayama, were on a mission to finally buy a house in the San Francisco Bay Area. Serial renters in towns around San Francisco since 2010, they jumped into the market in earnest in 2022 but quickly got outbid on several homes, including one in Atherton that was asking $5 million and ultimately sold for $6.5 million, said Mr. Kumayama, 44. Then over the summer, the market turned in their favor. Mr. Kumayama said he and his wife, 46, a homemaker, homed in on a nearly $5 million house in Los Altos, an affluent city between San Francisco and San Jose, that had been sitting on the market for about a month. Knowing the sellers had already moved to Florida, Mr. Kumayama said they offered $4.58 million with no contingencies and closed in September 2022.

☆ Bed Bath & Beyond just missed another debt payment. See the full list of stores it will close, including Harmon and Buybuy Baby locations.
▼ + stars: | 2023-02-02 | by ( Avery Hartmans | Dominick Reuter | ) www.businessinsider.com time to read: +20 min

In addition to 87 more Bed Bath & Beyond stores, the company now says it will close all of its remaining Harmon health and beauty stores, and five Buybuy Baby stores. San Leandro: 15555 East 14th St., Suite 24015555 East 14th St., Suite 240 Burbank: 201 East Magnolia Blvd. Marina: 117 General Stilwell Drive117 General Stilwell Drive Vallejo: 105 Plaza Drive, Suite 107105 Plaza Drive, Suite 107 * Palm Desert: 72459 Highway 11172459 Highway 111 * Visalia: 3125 South Mooney Blvd. Arterial * Coralville: 2515 Corridor Way Suite 5Kansas:Lawrence: 3106 S. Iowa St., Suite 2153106 S. Iowa St., Suite 215 Manhattan: 425 3rd Place425 3rd Place * Olathe: 15335 W. 119th St.Kentucky:Elizabethtown: 1998 N. Dixie Ave.1998 N. Dixie Ave. New Hartford: 4805 Commercial Drive4805 Commercial Drive Kingston: 1187 Ulster Ave.1187 Ulster Ave. Plattsburgh: 73 Centre Drive, Suite 10073 Centre Drive, Suite 100 Farmingdale: 251 Airport Plaza Blvd.

☆ Bed Bath & Beyond is closing dozens of stores in 2023 — see the full list
▼ + stars: | 2023-01-10 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +10 min

Bed Bath & Beyond released an updated list of store closures set to take place by March. San Leandro: 15555 East 14th St., Suite 24015555 East 14th St., Suite 240 Burbank: 201 East Magnolia Blvd. ArterialKansas:Lawrence: 3106 S. Iowa St., Suite 2153106 S. Iowa St., Suite 215 Manhattan: 425 3rd PlaceKentucky:Elizabethtown: 1998 N. Dixie Ave.1998 N. Dixie Ave. New Hartford: 4805 Commercial Drive4805 Commercial Drive Kingston: 1187 Ulster Ave.1187 Ulster Ave. Plattsburgh: 73 Centre Drive, Suite 10073 Centre Drive, Suite 100 Farmingdale: 251 Airport Plaza Blvd. Wisconsin:Mequon: 11110 N. Port Washington RoadPuerto Rico:Bayamon: Plaza Del Sol, 725 West Main Ave.Do you work for Bed Bath & Beyond?

☆ A former Harvard chemist just raised $178 million for a biotech startup that plans to treat previously untreatable cancers
▼ + stars: | 2022-11-21 | by ( Andrew Dunn | ) www.businessinsider.com time to read: +6 min

The biotech FogPharma has raised $178 million in a Series D round. The longtime Harvard chemist Greg Verdine founded Fog to tackle "undruggable" cancers. Fog's drugs, known as polypeptides or short fragments of proteins, blur the line between small molecules and biologics, sharing characteristics of both types of medicines. Verdine calls it "the magic structure" for Fog's drugs. "I thought he'd be able to find things that bind, but I was very skeptical that he could turn them into drugs," Klausner told Insider.

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