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FBN’s Adam Shapiro on FDA releasing a letter over Novartis failing to fix repeated manufacturing violations.
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Adam Shapiro -- Fox Business -- the markets rallied on news that European officials are negotiating a plan to double their rescue funds firepower.
According to the Financial Times the plan could include running two separate funds.
This comes ahead of Friday's European summit right now the Dow is up 94 points.
The Food and Drug Administration released warning letter it sent to Novartis over the drug makers' failure.
To fix repeated manufacturing violations Novartis says it is working closely with -- one of its units and the FDA to resolve the issue.
The company also says it stands behind the safety and effectiveness of its drugs.
Massachusetts Attorney General Martha Coakley is calling for a congressional hearing against GM AC mortgage floor.
Illegally for closing on homes in her state.
Coakley says the subs subsidiary of ally financial broke laws by cutting corners -- for closing.
