Gary Michelson

Billionaire orthopedic surgeon and medical-device inventor

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Last updated Nov 10, 2026

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California approves $8.4 billion bond for immunology research

Money Moves

Wrote Proposition 38 and funded its campaign

California voters approved $8.4 billion in state bonds for immunology research, the largest sum ever authorized for science by a US public vote. About half of the money is reserved for a single research institute, and only one four-year-old center at UCLA appears to qualify.

Updated 1 hour ago