the third thing is while we talk a lot about the problems with the f.d.a. and the problems related to that, researchers talk a lot about research bureaucracy and what it has to go to. i don't think it enters into the public conversation enough. i think it's going to be very important in the future. you look at the bizarre consent forms that people -- i hate to say this. somebody's going to probably fire me for that. you look at the consent forms that i don't understand. but just take it from there, sometimes has to be done in that area. >> let me do it at two levels. i agree entirely that unless you have it, you can't get to a nuclear program. the pilot project is engineering. i agree with that. i believe we've crossed the proof of concept in brain science and it's clear if you dramatically accelerate the rate of scory and the rate of integrating knowledge, you would have enormous payoffs in brain science. i would not have said this, i was active in 1980, i wouldn't have said in 1980, let's focus on brain science. we didn't have the technology, it wouldn't h

panel approval, what's when the f.d.a. advisory committee okayed a new antibiotic drug for c-diff infections. you liked on december 1 below 10rks tonight over 12.5. do you buy some more, do you sell some? >> i'm holding my shares, but if you're not in it you could buy and buy for the take over, but you're not going to get a 50%, you're going to have three bucks or so but you can take it. >> tom: trans 1, another firm in the medical field, up 54% from when you physician recommended it. is it time to take some money off the table? january 13 you liked it at 2.82 per share, tonight over 4.5. again, do you take the money off the table and go home and look for new opportunities? >> anyone who is conservative should take their profit and run and redeploy it. in my case i'm waiting for the takeover, i'm waiting for the event, they're in a sweet spot and as there's more announcements of trans 1 of rebishop burstments with insurance companies you'll see the stock higher. >> tom: of the stocks we mentioned do you own anything? >> ye

the f.d.a. is hills could talk the economic theory they would expound upon. ladies and gentlemen please welcome ideas they really could change the world of golf. or at least billionaire george soros bringing together ph d's and nobel prize winners with the backdrop of historical bretton woods would suggest someone is hoping they will it was here allied nations came during world war two in crisis searching for stability they formed the international monetary fund the world bank and established the us dollar is the global reserve currency. it's here that decades later in the wake of a financial crisis a group of influential economists and former policymakers have got together to try to rethink that very framework to reflect a different world we've got to have a serious plan to restructure the international reconstruct the international institutions for the times that we are in and not for the past times that have gone by gone time says brown are the centuries of american and european dominance with the bric nations of brazil russia india and china fueling more

to be looking at the import situation much more closely i mean on a good day without an emergency the f.d.a. only looks at two percent of imported food so it's not like we were at a great place to start without this emergency so we need to get a better handle from them on what they're going to do they have not really given us an adequate explanation of what they're going to do on seafood and then we also need to get a much better understanding of the extent of the problem in japan so we can have an adequate response they need to be tracking how much they're releasing where it's traveling you know what kind of body of water is involved so that we can draw an appropriate line around that until we have that i think that we should be doing what other countries like india are doing the same for right now we're not going to take this from japan he said only two percent of the food gets inspected i wonder will it happen if the government shutdown actually takes place i'm sure that's not going to be an essential priority how long i've ever you do do these kinds of threats of contamination last typi

the associated press reports the f.d.a. will urge to obviously market to kids age 2 to 17 if they're lower in fats, sodiums and contain specific healthy ingredients. standards would eliminate much of the advertising we now see on tv, online and in magazines. and some of these colorful characters could be out of a job. a 2009 yale university study found some of the most sugarally cereals are advertising for kids. top five cinnamon toast crunch, honey nut cheer owes, lucky charms, cocoa puffs and trick. more on how the companies are reacting to these new standards during my next update in about an hour. for now live in washington d.c., ktvu channel 2 news. >>> some california prison inmates filed a class action lawsuit accusing the state of racial discrimination. the lawsuit claims whenever there's an outbreak at a prison, all inmates that have the same ethnicity of the troublemakers are put in lockdown. they're confined to their cells for an average of two months and they're denied any visitation. the state department of corr

corn prices are quite high but everything that we know and everything the f.d.a. knows does not blame a large percentage of that. less than 5% on the fact that some amount of corn is being used as food stock for ethanol. the other thing about biofuels which is fascinate to me as an engineer is that it is really about innovation. i saw a couple of plants. i was at a traditional biodiesel plant and met with several representatives. it is all about for them figuring out how to get to the next generation of fuels. it is very much a moving target in terms of food stocks. i think that is appropriate. because it is a rural concern they are interested in moving to other feed stocks. the other thing that i learneded is that although you do use the corn for traditional corn ethanol a lot can be used back again for feed. you don't get all of the energy out as you would if you used the corn directly. right now don't feel like it will change the forecast or regulations on biofuel. the last thing that i will say is that we have a narrow role to play, which is under the law, we w

in maryland at the white oak facility for the f.d.a. we're doing some critically important construction work to bring together the different participants for the safety of americans. well, that program's going to be severely slowed down as a result of the cut to the g.s.a. budget. i pointed out that on the environmental front, the endangered species act that there's a provision in here that delists the gray wolf. that shouldn't be done through congressional action. that's a dangerous precedent for us to -- to go down. i pointed out that the community development block grants are cut. even though the e.p.a. budget which would have been cut by 30% with the house-passed budget, we bring that down by 50% so it's only a 15% cut. but a 15% cut is too large of a cut for the enviromental protection agency. the good news is that we were able to remove those riders, those policy riders that would have prevented the enviromental protection agency from protecting the environment, protecting our public health. those were relimb made but i really -- e

f.d.a. action next month. and that's tonight's market focus. >> susie: the securities and exchange commission is considering whether to ease rules on private companies issuing shares. one issue that's being reviewed: the 500 shareholder threshold meant to mark the transition to public ownership. that's gotten more attention recently as wall street banks and electronic markets offer investors a chance to buy and actively trade stakes in tech firms like facebook and twitter before they go public. >> tom: here's what we're watching for next week: monday, alcoa kicks off earnings season. c.e.o. klaus kleinfeld joins us with the results. later in the week, we'll also see earnings from big banks including j.p. morgan chase and bank of america. as april 18 draws near our tax expert kevin mccormally is back. monday, if you're running way behind, tips on filing your 2007 return before it's too late. >> susie: johnson and johnson will pay $70 million to settle civil and criminal charges that it paid bribes and kickbacks to win overseas business. it's the first major settlement since the obama administration started cracking

example, the general services administration will have about a billion dollars less to deal with government construction. what will that mean? well, at white oak, maryland, in white oak, we have f.d.a's expansion. well, that's going to be put on hold, which is not only going to affect my comeunt community, itg to affect our country, because we are talking about public health and safety. there's a rider that was attached that did survive that deals with the endangered wonderful under the endangered species act. that's not how we should be acting. there's a remedy for dealing with the delisting, there's a process to go through. you shouldn't go down a dangerous precedent that starts congressional action, political action on delisting species that are included under the endangered species act. the cuts for community development block grant are much more than i would like to see. these are programs that are important for our urban centers. at these times when their budgets are being hit the hardest, i think it's very unfortunate that we tell them we're just going to add to their challenges. we should be helping them during these times. we shouldn't be taking resources away from them. t