why swiss- drug maker novartis fought to extend patents in india on its improved cancer-treatment gleevec. novartis claimed it had made the drug more effective and thus warrented a new patent. india's supreme court disagreed. the ruling allows indian companies to make copycat versions. "if the drug companies aren't able to have patent protection, maybe not in every country but in most countries, they're not going to be able to make back the sums on money it takes to develop drugs." pharmaceutical researchers and manufacturers of america, a trade group, says, "the indian courts have come down on the side that doesn't recognize the value of innovation and the value of strong intellectual property." however, analysts doubt the ruling will influence decisions beyond india, nor do they think it will affect the overall profitability of large pharmaceutical companies. "overall, we still think the pharmaceutical fundamentals look quite good. from a valuation standpoint, a lot of stocks have run quite a bit, and there aren't a lot that we think are extremely undervalued." nonetheless, novartis cla

one example: gleevec, made by novartis, which cost $30,000 a year in 2001, has more than tripled in price. some college-bound students are considering schools in canada. the number of u.s. students moving across the border is 50% higher than a decade ago. reports say canadain schools offer lower tuitions, allowing students to graduate with less debt. the popular university of winnipeg offers tuition for about $11,000 a year. an insider says students who graduate have access to top graduate programs around the globe. high school prom is turning into a pricey rite of passage. parents and teens will shell out an average of $1,139 on the event - that's up 40% from just a couple of years ago. the spending trend is said to be driven by pressure to post perfect pics on facebook and instagram. h&r block is offering $25 - and an apology - for refund delays. $25 prepaid debit cards will be sent to clients whose tax refunds were slowed by a software glitch. delays were caused by changes in the way the irs processes claims for education credits. it's unknown how many were affected, but h&r block says

indian makers of generic drugs can keep on making copycat versions of the novartis drug in question, gleevec. it's been highly effective in treating some rms of leukemia. the decision sets a benchmark for intellectual property cases in india. novartis responded to today's decision by saying it will not invest in drug research there. calm returned to the streets of kisumu, kenya, today after a weekend of heavy rioting. the city is home to raila odinga, who narrowly lost the presidential race to uhuru kenyatta. on saturday, the supreme court confirmed kenyatta was the winner of the march 4 election. that announcement angered odinga supporters, who set tires on fire and blocked major roads. police responded by firing tear gas at the rioters. kenyatta is expected to be sworn in on april 9. stocks edged lower on wall street today in a light day of trading. the dow jones industrial average lost more than five points to close above 14,572. the nasdaq fell 28 points to close at 3,239. those are some of the day's major stories. now, back to margaret. >> warner: and to updates on two shootings, in tex