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... September 30, 2009 – “President Obama today announced $5 billion in medical research grants that are critically important to the discovery of new and more effective treatments and prevention measures for life-threatening chronic diseases such as cancer. The grants, part of the American ... not only creating jobs and stimulating local economies, but also furthering important medical research.   “Cancer and other chronic diseases cost our economy $1 trillion a year in lost workdays and lower employee productivity.   Investing in medical research has a dual benefit of ... and dying from the disease. If our nation makes the necessary investment in medical research, prevention, early detection and treatment, we can defeat cancer once and for all. The grants announced today are another step forward in that investment in medical research, yet there is still ...