Home prices rise in most major U S cities in April
The S P S Case Shiller index shows 19 of 20 cities up from March with a 1.3 percent national rise in April the first in seven months. San Francisco Washington and Phoenix post largest gains while Detroit falls 3.6 percent. Prices remain 34 percent below 2006 peak.
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Congress passes bill to boost FDA inspections and drug approvals
The Senate approved a Food and Drug Administration bill 92 to 4 to bolster FDA funding with drug industry fees, speed home drug approvals, and give more power to inspect foreign manufacturing sites while easing reinspection rules. President Obama is expected to sign soon, aiming to curb shortages and counterfeiting.
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