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Former Foundation Medicine CEO joins VC firm

Mike Pellini, the former CEO of cancer companies Foundation Medicine and Clariant, has joined Section32, the venture capital firm launched earlier this year by Google Ventures founder Bill Maris.

Why it matters: Pellini is the first partner-level hire at Section32, which closed on $150 million for its debut fund back in May.

Backgrounder: Pellini and Maris have known each other for years, as Google Ventures was an original investor in Foundation Medicine, which went public in 2013 and currently has a market cap of around $2.5 billion. Pellini stepped down as CEO earlier this year, but remains company chairman. His official title at Section32 is managing partner, and he is expected to focus primarily on healthcare investments.

Zachary Basu 3 mins ago
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What to watch for in Egypt's sham election

Sisi billboard
A billboard in Cairo voicing support for Egyptian President Abdel Fattah al-Sisi in the upcoming election. Photo by KHALED DESOUKI/AFP/Getty Images.

Egyptians will vote March 26-28 in a presidential election that is sure to see incumbent strongman Abdel Fattah el-Sisi handily defeat Mousa Mostafa Mousa — the sole challenger who hasn't been jailed or intimidated into dropping out.

The backdrop: Sisi, the former minister of defense and commander-in-chief of the Egyptian Armed Forces, led a military coup to topple President Mohamed Morsi in 2013. He formally came to power in 2014 after winning 96% of the vote in the presidential election, but has since seen his popularity wane under deteriorating economic conditions and an oppressive human rights record.

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Trump: Transgender people "disqualified" from the military

SecDef Jim Mattis and Gen. Joseph Dunford.
Secretary of Defense Jim Mattis and Gen. Joseph Dunford. Photo: Andrew Harrer-Pool / Getty Images

President Trump late Friday issued an order disqualifying most transgender people from serving in the military.

"[T]ransgender persons with a history or diagnosis of gender dysphoria -- individuals who the policies state may require substantial medical treatment, including medications and surgery -- are disqualified from military service except under certain limited circumstances."

Why it matters: Anything short of an inclusive policy for transgender troops will be viewed as a continuation of the ban Trump announced on Twitter in August.