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Producer Prices Unexpectedly Drop in April

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  • Description

    FBN’s Robert Gray on the 0.2% drop in producer prices in April.

  • Duration 0:54
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I'm Robert -- with -- Fox Business -- producer prices unexpectedly fell in April assigned wholesale inflation remains in check.

Prices were down two tenths of 1% due to falling energy cost marks the first drop since December.

This -- presenting another multi year high today building on yesterday's earnings led rally today's news but the stock at its highest level since December 2007.

Is -- of course is the parent company of the Fox Business Network.

Shares of Arena Pharmaceuticals are soaring the company's experimental obesity drug was approved by -- Food and Drug Administration advisory panel.

The pill was one of three new potential obesity treatments seeking US approval -- -- -- drugs have been rejected in the past over the past two years.

Because of serious potential side effects -- the panel says the benefits of arena's drug outweigh the risks.

That's the latest from Fox Business giving you -- powered -- crossed.

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