He will lead a commission examining constitutional issues, focussing on the union and looking at the next phase for the devolved administration.

BBC: No shocks in Nesbitt reshuffle

The administration is also readying a second phase of the financial bailout program launched by the Bush administration last fall.

CNN: Stimulus will lead to 'disaster,' Republican warns

On Thursday, Japan said it would review the previous administration's plans to phase out the use of nuclear power.

BBC: Japan PM Abe praises Fukushima nuclear work during visit

Genentech's Avastin is awaiting Food and Drug Administration approval after a successful phase-III clinical trial that demonstrated its effectiveness in combination with chemotherapy for treating colorectal cancer.

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The challenge for the recently established devolved administration will be to manage the next phase of this evolution from an economy heavily dependent on traditional 'low value added' businesses, to one that will be increasingly reliant on knowledge based and services industries.

BBC: NI casts off 'blackspot' label

In addition, and more specific to the sector, any bull market for the sector will come to an end if or when high profile drugs start to fail Phase III clinical trials or the Food and Drug Administration turns down a high profile drug that everyone was certain would be approved.

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Senate Democrats have pressured the Intelligence Committee to complete a second phase of its report that would focus on how the prewar intelligence was used by the administration, rather than how it was produced.

CNN: Ex-CIA official: WMD evidence ignored

If the administration were at all interested in getting permits and drill bits going again then it would phase in these new environmental assessments gradually.

FORBES: Offshore Oil Czar Bromwich Falls Flat With Op-Ed Defending Permit Delays

Administration officials say Clinton is also signaling a U.S. readiness to support a speedy move to Phase Three of the NATO air campaign -- a major increase in the bombing of Yugoslav military and police forces in Kosovo.

CNN: NATO brushes aside Yugoslav offer, targets troops