California Prop 38 provides $4.2 billion to the Institute for Immunology and Immunotherapy

The hosts said Prop 38, placed on the ballot by California Institute for Immunology and Immunotherapy co-founder Gary K. Michelson, passed and provides $4.2 billion to a three-person nonprofit. They relayed doubts expressed by Ahmad of Mercury about a measure proposed by that nonprofit and approved by popular vote directing such a large sum to it. One host speculated that the organization would distribute nearly all the funds to research groups; this was an expectation, not a confirmed plan. The discussion also included joking remarks about a possible conversion to a for-profit organization.