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Researchers at Washington University's School of Medicine have received a $61 million federal grant.
The National Center for Advancing Translational Sciences of the National Institutes of Health grant supports the St. Louis school's Institute of Clinical and Translational Sciences.
It goes toward the infrastructure needed to complete biomedical research studies.
Read more from the St. Louis Business Journal.
The Bureau of Labor Statistics reported in May the all-items inflation index surged 8.6% over the past year, the highest increase since 1981.