Savient shares could be weak for some time as investors view the stock as "dead money" says Michael Becker, chief executive officer of MD Becker Partners, a strategic advisory firm specializing in biotechnology.

FORBES: Drugs

Michael Becker, who owns an advertising firm, owns a vacation home on the ocean in Mantoloking.

WSJ: Dunes vs. property rights in storm-battered NJ

Also this afternoon, we will be hosting a call with Iowa Attorney General Tom Miller, Philadelphia Mayor Michael Nutter and Salt Lake City Mayor Ralph Becker on the Cordray nomination.

WHITEHOUSE: The White House