Benzinga's Political Round Up (HGSI, MCO, JPM, BAC)

The Food and Drug Administration approved the first new drug for lupus in 56 years from Human Genome Sciences HGSI.

China posted a trade deficit in February, which surprised economists, and could reduce pressure on the country to allow its currency to appreciate.

Moody's MCO cut Spain's credit rating to Aa2, as it believes the cost of shoring up the banking industry will go beyond the $20 billion euros the government estimates.

Republicans are fighting back against a mortgage servicing settlement sent to large banks like J.P. Morgan JPM and Bank of America BAC, saying it was an abuse of power that could harm markets.