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Gates, Bloomberg pledge $500m to battle tobacco epidemic

July 25, 2008

Microsoft co-founder Bill Gates and New York City mayor Michael Bloomberg have pledged $500 million to fight tobacco use in developing countries.

The Bill & Melinda Gates Foundation is going to invest $125 million in the course of the next five years, while Bloomberg intends to boost his commitment to his Initiative to Reduce Tobacco Use from $125 million to $375 million in four years.

Text: ANI

Image: Microsoft co-founder Bill Gates (L) and New York City Mayor Michael Bloomberg (R) take questions from the media at a press conference announcing their charitable support for a global new anti-smoking initiative on July 23, 2008 in New York City. | Photograph: Chris Hondros/Getty Images

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