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Science 22 November 2002:
Vol. 298. no. 5598, pp. 1530 - 1531
DOI: 10.1126/science.298.5598.1530

News of the Week

SCIENCE PHILANTHROPY:
Hughes Cuts Researcher Grants As Endowment Takes a Hit

David Malakoff

After enjoying years of soaring research spending fueled in part by an economic boom, some life scientists are being told to tighten their belts. A major blow landed last week, when the Howard Hughes Medical Institute, one of the world's largest private research philanthropies, confirmed that it will trim spending by about 10%, or $100 million, over the next 2 years.

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Science. ISSN 0036-8075 (print), 1095-9203 (online)