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Morning Business Outlook: 2/23

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  • Description

    FDA may approve new diet pill

  • Duration 1:27
  • Date

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Good morning.

The first new prescription diet pill in fifteen years to win FDA approval by mid April after advisory panel gave the drug -- thumbs up.

Q -- from by this incorporated had been rejected two years ago by the FDA on safety concerns it combines two older drugs that -- being part of the benefit combo that was withdrawn from the market in 1997 because of heart valve damage.

And -- J&J drug hope that use it treatment for migraines it make you feel full.

Elsewhere high frequency traders may get a speeding ticket from the SEC.

-- -- looking to curb their influence and -- up a new fee on them by the thousands of buy and sell orders they place but never execute it's a common technique.

But critics say the high freak -- provide greater liquidity and availability of stocks to trade.

And that you don't want to rein in -- some say high frequency trading contributed to the sudden drop in stock prices and may 2010.

And let's talk taxes -- -- else as President Obama proposing a corporate tax cut to 28%.

From 35%.

Sounds like -- cut but really raises 250 billion dollars and at the revenue over the next ten years.

And it already is drawing fierce opposition from the likes of high tech companies and big oil and big manufacturing firms and banks and trading -- For more of the day's top stories bought on a foxbusiness.com.

In New York I'm Dennis --

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