Faculty awards: Cutler, Fujimori, Huang, Wells. New faculty members: Abate, VanOsdol, Rodondi. Retiring faculty members: Kahl, Shafer, Wang, Kayser, Koo. PharmD students: Campbell, Wheeler, Ho, Lam, Campbell, Loucks, Marotto, Huynh, Luu, Chua, Stephens. PhD students: Gray. New appointments: Penick Brock, Williams. Research update: Giacomini, Uskokovic, Long-Boyle, Cheng, Guglielmo, Phillips, Bero, Kayser, Dennehy, Finley, Burchard, Burlingame, Wells, Jacobson, Fujimori, Renslo, Prusiner. Retirements: Parfitt Pattie, Lee. Budget: $650 million cut from 2011-2012 fiscal year, student fees raised 9.6%. Leadership: Desmond-Hellmann, Hellmann, Rodondi. Operational Excellence continues. CTSI receives renewed funding. Vlahov is new dean of School of Nursing. Yamamoto is new vice chancellor for research. UCSF Medical Center named 7th best hospital.