The Nobel Foundation, which awards winners a 10 million-krona ($1.5 million) prize, may reduce the amount as a decline in global markets lessens its returns, Svenska Dagbladet reported, citing Executive Director Lars Heikensten.
Sweden’s 100-year-old Nobel Foundation, which every October gives 60 million kronor ($9 million) to prize winners in the award’s six categories, has begun hedging against the risk of currency fluctuations.
Three scientists won the Nobel Prize in medicine for research illuminating how the body’s immune system recognizes infection and marshals an attack against it, an award made three days after one of the men died.
Ronald Coase, the British-born University of Chicago economist whose Nobel Prize-winning work on the role of corporations stemmed from visits in the early 1930s to American companies including Ford Motor Co. and Union Carbide, has died. He was 102.