Grail, originally founded by Illumina and later spun out as a standalone company, is developing a blood test that aims to detect cancers early. The company has high profile tech and healthcare backers, including Bill Gates, Jeff Bezos, Merck and Johnson & Johnson.
Franklin Resources buys Legg Mason to compete against low-cost index funds. Amazon's Jeff Bezos forms climate change fund. Pier 1 files for Chapter 11 bankruptcy. 1-800 Flowers picks up PersonalizationMall.com from Bed Bath & Beyond. Lower mid-market PE firm Pamlico raises fifth fund.