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Nike co-founder Phil Knight to donate $2 billion to OHSU cancer institute

1. Phil Knight donated $2 billion to cancer research, a record for U.S. universities. 2. Donation aims to revolutionize cancer treatment and research through key partnerships. 3. NKE shares are down over 50% from late 2021 peak but still valuable. 4. Knight's philanthropy showcases his commitment and enhances Nike's brand reputation. 5. The Knight Foundation holds over $5 billion in assets after significant donations.

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FAQ

Why Bullish?

Phil Knight's philanthropy enhances Nike's brand value and public image, potentially attracting investors.

How important is it?

The article reflects Phil Knight's influence on Nike's perception, which can indirectly affect stock performance.

Why Long Term?

Increased brand equity and goodwill can lead to sustained investment interest over time.

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