News Summary: Google fights aging with new company

YOUTHFUL QUEST: Google is financing a new company called Calico that will focus on finding ways to slow the aging process and addressing other health issues afflicting the elderly. Few details were provided in Wednesday’s announcement, but Google CEO Larry Page said the company is investing a relatively small amount in Calico.

MISSION LEADER: Calico will be run Arthur Levinson, best known as the former CEO of biotechnology pioneer Genentech. Levinson is also a former Google Inc. director and currently chairman of Apple Inc.

BIG BETS: This is just Google’s latest step outside its main Internet search business. Page calls the company’s ambitious projects “moonshots.”

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