In 2018,12 new laureates have been awarded Nobel Prize for accomplishments that have done the greatest good to mankind. The award, Nobel Peace Prize, is administered by the Norwegian Nobel Committee and is given by a committee of five people, which is elected by the Parliament of Norway. The Nobel Peace Prize award includes a medal, a diploma, and finances/funds. The Royal Swedish Academy of Sciences awards the Nobel Prize in Physics, the Nobel Prize in Chemistry, and the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel; the Nobel Assembly at the Karolinska Institute bestows the Nobel Prize in Physiology or Medicine; and the Swedish Academy grants the Nobel Prize in Literature. The Nobel Prize in Physics 2018 was awarded for path-breaking inventions in the area of laser physics jointly to Arthur Ashkin for the optical tweezers and their application to biological systems and to Gerard Mourou and Donna Strickland for their process of generating high- intensity, ultra-short optical pulses.
The Nobel Prize in Physiology or Medicine 2018 has been bestowed to James P Allison and Tasuku Honjo for their outstanding efforts in discovery of cancer therapy by inhibition of negative immune regulation. Their works are considered an important milestone in the treatment of cancer.