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Fri 07 Jul 2008Gates and NY mayor in $500m smoking campaign
US:NEW YORK mayor Michael Bloomberg and Microsoft founder Bill Gates said they will together provide $500 million to fight tobacco use around the world, especially in developing countries where smoking rates are rising.
Mr Bloomberg has already given $125 million to the cause and will provide $250 million more. The Bill and Melinda Gates Foundation said it will spend $125 million over five years, including a $24 million grant to the Initiative to Reduce Tobacco Use, which Mr Bloomberg created in 2005.
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