‘Dont tell Saturday Night Live´: Bill Ackman set to tear down SNL Upper West Side studio for brain research institute plans

This story is a notable example of private capital reshaping New York City's cultural and scientific landscape, as a prominent billionaire investor moves to repurpose an iconic media landmark for scientific research. It highlights the growing trend of tech and finance elites funding major scientific initiatives outside traditional academic or government channels, which could influence how brain research is funded and conducted going forward.

• Bill Ackman plans to demolish the building housing Saturday Night Live's studio on Manhattan's Upper West Side.
• The site will be redeveloped into a new brain research institute funded by Ackman.
• The announcement was made publicly at the Fast Company Innovation Festival, drawing attention to private philanthropic investment in scientific research.