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JPMorgan to Wager on Weight-Loss Boom With $500 Million Fund

(Bloomberg) — JPMorgan Chase & Co.’s asset-management arm raised more than $500 million for a biotech venture-capital fund that will bet on the hottest corner of health care: weight-loss drugs. Most Read from Bloomberg The fund closed this month, and “the top three choices are obesity, obesity and obesity,” Steve Squinto, the chief investment officer […]

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