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Nobel Foundation boosts award to $1.22M
The Nobel Foundation in Sweden has increased the prize amounts for 2026 by 9%, bringing them to approximately $1.22 million for each category. The awards cover fields such as Physics, Chemistry, Peace, Literature, Economics, and Medicine. This increase marks the 125th anniversary of the first awards ceremony, with the winners announced between October 5 and 12 in Stockholm, while the Peace Prize is awarded in Oslo. The purpose of the increase is to preserve the significance and monetary value of the awards over time.
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