Reed Jobs warns Trump’s science cuts will set back cancer research

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Mario Aguilar , 2025-05-16 08:30:00

Mario Aguilar covers technology in health care, including artificial intelligence, virtual reality, wearable devices, telehealth, and digital therapeutics. His stories explore how tech is changing the practice of health care and the business and policy challenges to realizing tech’s promise. He’s also the co-author of the free, twice weekly STAT Health Tech newsletter. You can reach Mario on Signal at mariojoze.13.

SAN FRANCISCO — Reed Jobs, founder of the cancer-focused venture firm Yosemite, expressed anger and frustration at the Trump administration’s science funding cuts, saying these and other policies “are absolutely disserving the American people, and it’s a tragedy.”

“As someone whose direct family benefited from cutting-edge medical research, it has a huge impact in my life,” he said at STAT’s Breakthrough Summit West on Wednesday. “I am personally deeply offended by the cuts that are happening.”

Yosemite has a stated goal to make cancer nonlethal, inspired by the cancer that claimed the life of Jobs’ father, Apple founder Steve Jobs. Jobs blasted budget cuts to the National Institutes of Health and National Cancer Institute, which he said would undermine basic research necessary for treatment breakthroughs.

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