Obama Nominates Watt for FHFA, Wheeler for FCC

May 1 (Bloomberg) -- U.S. President Barack Obama names U.S. Representative Mel Watt as his choice for director of the Federal Housing Finance Agency and fundraiser Tom Wheeler to head the Federal Communications Commission. Obama speaks at a news conference at the White House. Watt and Wheeler appear with Obama. (Source: Bloomberg)
Is the Biotech Backlash Warranted?
05:34 - Bloomberg Intelligence's Asthika Goonewardene reports on the biotech industry. He speaks on "Bloomberg Markets." (Source: Bloomberg)
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