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President Barack Obama on Friday unveiled plans to plow $215 million into "precision medicine" research, a field he said provided "boundless" promise for the treatment of diseases like cancer and diabetes. The bulk of the money, $200 million, would go to the National Institutes of Health and its affiliate the National Cancer Institute.
The US government is getting more than $41 billion from an auction of wireless spectrum, highlighting surging demand for new devices that connect to the Internet, officials said Friday. The Federal Communications Commission, which revised down its estimate from $45 billion, said the auction that ended Thursday raised the highest amount ever for this type of sale and would improve wireless access countrywide. The move adds 65 megahertz of spectrum to "improve wireless connectivity across the country and accelerate the mobile revolution that is driving economic growth and improving the lives of the American people," FCC Chairman Tom Wheeler said. In a document listing the winning bidders, the FCC said AT&T won bids totaling $18.2 billion and Verizon $10.4 billion.
LOS ANGELES (AP) — Marion "Suge" Knight, the former music mogul who created one of hip-hop's leading labels and became the impresario of gangster rap, was arrested Friday on suspicion of hitting and killing a man with his truck and fleeing the scene of the crash near Los Angeles.