back in the 1990s, the big phrma names, stocks.ren't synonymous with safety and defense and dividend yields like they are now. they were actually synonymous with growth. at that time, the major drug companies were innovation factories, constantly churning out new and better drugs. and best of all, they traded like growth stocks. these days, merck and pfizer trade at 11 and 12 times respectively and dividend factories. back then they traded 40 times earnings with meager dividends. i mention all this, because even though the housian days of big phrma may be over with the blockbuster drugs of the '90s having gone generic and the stock trading on fixed income vehicles, there's a group of stocks right now that remind me of the big pharmaceutical companies 15, 20 years ago. i'm talking about the large-cap biotech companies that are bursting with innovation. companies that have terrific pipelines full of new drugs with enormous potential. i think these fast-growing biotext have the potential to be the next big phrma stocks which is why i'

where large phrma pays the genetic competitors to keep the lower cost products off the market for as long as possible. it undermines consumers by denying them low cost alternatives. it shows brand name drugs add $3.5 billion annually to the cost of drugs >>> 4:48. the president and first lady will mark the beginning of passover tonight at the white house. the jewish holiday begins at dusk tonight. the first family will host the annual white house sadre dinner from family, staff and friends. it was first started during president obama's 2008 campaign. it is 4:48. there is still hope an ncaa title can come to the bay area but it is up to the ladies to get the job done. >>> the winter of the oakland marathon says he is disappointed with the finish. >>> we're looking over here opposite side of the bay, 101, palo alto moves very smoothly. we will talk about the south bay, the slowing i saw and a warning as you are crossing the bay. >>> a live look at hp pavilion where the sharks are home. they are not home. they play the anaheim ducks tonight. we wish them the best. >>> it looks like the

why was it phrma? the insurance companies. why wasn't the industrial union down at the white house making the decisions and not the nation's governors? that's one of the great mystery that is may never be answered. a question the american people should ask themselves because every 50 state in this country, the governors have an enormous health care footprint. they are the ones who administer the state medicare programs. they administer the programs for their own employees. they have their state prison program. they have an enormous interest in the cost of health care. the governor should have been invited from the get-go. it is a travesty they never were. it's political malpractice the governors were not involved in the development of this policy. mr. roe: would the gentleman yield. one of the things i noticed with our democratic governor, who is a health care specialist, governor of our state, tennessee, during the eight years, the obama administration would have been well served to pay attention to him because he was forced