Stocks fell sharply on Thursday as U.S.-China trade worries persisted with more companies suspending business with Chinese telecom giant Huawei.Marketsread more
The yield on the 10-year Treasury note fell to its lowest level since 2017 as more traders grew confident in a longer U.S.-China conflict.Bondsread more
A Ministry of Commerce spokesperson does not single out any U.S. action, but it's been a tense couple of weeks for the trade war.World Politicsread more
In a four-page letter sent Thursday morning, Warren and Ocasio-Cortez asked Mnuchin a series of questions about his advisory role in former Sears CEO Eddie Lampert's...Politicsread more
"For them to say that they don't work with the Chinese government is false," Secretary of State Mike Pompeo tells CNBC.Politicsread more
Facebook has stopped paying commission to staff for selling political advertisements on its platform, The Wall Street Journal reported.Technologyread more
Prosecutors allege that Stephen Calk, former president of Chicago-based Federal Savings Bank, loaned former Trump campaign chair Paul Manafort as much as $16 million in...Politicsread more
Oil prices tumble as the market braces for a prolonged U.S.-China trade war and on signs the U.S. is willing to negotiate with Iran.Energy Commoditiesread more
U.S. manufacturer growth hit new lows in May, the latest sign that the economic slowdown accelerated amid the ongoing trade war.Economyread more
European pilots are urging the EU's aviation regulator to conduct an independent and thorough review of the Boeing 737 Max before it flies again. The planes have been grounded...Airlinesread more
Wall Street is under pressure, but a handful of stocks are breaking out to new highs. McDonald's, Waste Management, Hershey, Visa and Costco have notched records this month,...Trading Nationread more
But the venture capital investment arm of Google prefers to fly well below the radar, focusing their attention and money on startups it hopes will literally change the world.
The firm operates independent from Google, but its unique relationship with the search giant means it can easily tap into its massive brain-trust of world-class engineers and scientists.
Since its launch in 2009, it has invested in more than 300 startups with the majority – approximately 36 percent - invested into health care firms, including Flatiron Health, One Medical Group and Foundation Medicine. With two billion dollars currently under management, Google Ventures provides seed, venture, and growth stage funding.
Bill Maris, president and managing partner of Google Ventures, told CNBC's "Power Lunch" Wednesday more about the VC firm's investment mission to help entrepreneurs improve the world by working on problems such as cancer treatment, urban transportation, and energy use.
"First, I care about the founders. (Larry Page and Sergey Brin). What's their vision? What are their values? How big of a company do they want to build? How do they want to change the world.? Secondly, how is this going to effect the world? Is it going to help people? Is it going to make the world a little bit better place? If the answer to those two things is 'yes,' you probably have something interesting. "
Ultimately, Maris believes the future of life sciences is "under-appreciated" and ripe for opportunity.
"We are trying to do what scientists, physicians and researchers have done for many years," Maris said. "To try and find ways to prevent and cure disease so we can hopefully live longer, more vigorous lives. "
And the best way, according to Maris, is to match the power of technology and the resources of venture capital together with a dash of good-old fashioned ingenuity .
"If you think of what smartphones can do and what happened to computers between 1970 and today has been interesting and amazing," Maris said, "Then if you look at the life sciences and what the next fifteen years hold, you haven't seen anything yet."