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Second, philanthropies can de-risk investments in promising technologies, so they are more attractive to commercial investors, Gates said. "For instance, we make equity investments in biotech start-ups to develop new products that prevent and treat infectious diseases. And we guarantee the purchase of large volumes of vaccines and contraceptive implants by public agencies."

Sensing the business potential, Chinese vendors are moving fast to grow their product portfolios. Xiaomi Corp has stepped up its push to expand its presence in the sector through Huami Corp, a US-listed company it has invested in.

Senate Majority Leader Mitch McConnell told reporters the Senate was “anxious” to get the latest House-passed bill, which was on its way to his chamber. He said he hoped senators would "pass it" once it arrived.

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Seattle was a strategic choice for the new office. Employees recruited from the city’s wealth of platform, machine learning and AI talent will complement software teams in San Francisco. The Israeli office primarily supports Bright Machine’s hardware efforts. The company has not yet committed to a location for its Seattle office.

Second, it will perfect its logistics infrastructure to improve market development.

Seattle! #TreasureTruck is back (for real) and our first offer is live. Visit Treasure Truck on the Amazon app. pic.twitter.com/WCmj7c3QVH

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Senator Orrin Hatch, Republican of Utah, said Zuckerberg's appearance marked the most intense hearing for a tech company since Microsoft, when its founder Bill Gates testified before Congress in March 1998.

Senior executives, possibly including its chairman Terry Gou, plan to visit India after next month's Lunar New Year to discuss the plans, people familiar with the matter said.

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Seattle City Councilmember Kshama Sawant protests corporate spending in Seattle elections at Amazon’s headquarters. (GeekWire Photo / Monica Nickelsburg)

Seven first- and second-tier cities saw land sales exceed 10 billion yuan, with land revenue in Hangzhou totaling 17.9 billion yuan in April, up 237 percent year-on-year.