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Previously, the department was part of the company’s X Labs, but has now taken up the L spot in Google’s Alphabet. They will collaborate with other life sciences organizations to advance new technologies from the R&D stage to clinical testing and revolutionize...

Buffett runs a very diverse set of businesses that are all independently controlled through a single parent company.

“Our company is operating well today, but we think we can make it cleaner and more accountable”, said a statement from Page, who co-founded the tech giant with Sergey Brin 17 years ago.

Google announced the creation of a new company called Alphabet, with Google founders Larry Page serving as CEO and Sergey Brin as president. Google co-founder Sergey Brin will become president of Alphabet, and Eric Schmidt will be executive chairman. Google will then become a...

Mr Page will become chief executive of Alphabet, with senior vice president Sundar Pichai becoming CEO of Google.