Agreement Overview - Pfizer reached an agreement with the White House to lower drug costs for Americans in exchange for not facing tariffs for the next three years, provided they increase their manufacturing in the US [2] - The agreement is a result of the most favored nation drug pricing order established earlier this year [2] - President Trump expects deals with other companies in the forthcoming several weeks [6] Pricing and Savings - Fizer will offer countless prescription medications at major discounts in the United States [2] - The majority of Fizer's primary care drugs and some select specialty brands will be offered with a 50% savings rate, with some savings on select drugs as high as 85% [5] - Consumers can expect these lower drug prices to kick in early next year [7] Trump RX Portal - A new government website called Trumprx gov is being developed to allow consumers to find the lowest price for drugs and then be redirected to the manufacturer to buy directly [5][8][9] - The aim is to launch the website in early 2026 [8] - The government is not getting into the business of drug distribution [9] Financial Implications - Negotiations have been fierce as company's goal is to create shareholder value and wealth, and lowering drug prices doesn't exactly go towards that [7] - As new drugs are launched in the US, they are expected to be launched at the lowest possible price with drugs launched in other countries at higher prices [7] - A portion of the profits that these drug makers earn from sales overseas will be given back to US patients, likely through the program of Medicare [7]

Social Security Cost of Living Adjustment (COLA) - Seniors are preparing for a modest cost of living increase in their Social Security benefits next year [1]. - Tariffs could diminish the impact of this increase [1][5]. - The COLA is typically determined by averaging inflation numbers from July, August, and September [3]. - Estimates suggest a potential COLA of around 2.7% [4]. - A government shutdown could delay the release of September CPI data, potentially postponing the finalization of COLA [1][4]. - Uncertainty surrounding Social Security is a concern, and delays in COLA calculation add to this uncertainty [5]. - The accuracy of CPI data may be compromised if information gathering is disrupted by a government shutdown [7]. - A similar shutdown in 2013 delayed the COLA announcement by two weeks [8]. Retirement Planning for Generation X - The book "X Saves the World" addresses retirement planning for Generation X [9]. - Generation X is often overlooked compared to Baby Boomers and Millennials [10]. - Many in Generation X may be woefully unprepared for retirement [12]. - This generation entered the job market when 401(k) plans were new and not well understood [11]. - The book aims to provide focus and guidance for Generation X to improve their retirement prospects [12].

[Music] [Applause] That is the closing bell on Wall Street and now it's market domination over time. We're giving you full coverage of all the moves, get you up to speed on the action from today's trade. Let's take a look at the major averages here.We end here in the green. The Dow up about 90 points. The S&P 500, your broad gauge is up about 4/10en of a percent and the tech heavy NASDAQ that is going to tack on about 3/10en of a percent.We do have of course a potential US government shutdown to consider. W ...

I think we're headed to a shutdown. >> We have very large differences. It was a frank and direct discussion with the president of the United States and Republican leaders, but significant and meaningful differences remain.Hey. ...

Gen Z Values and Employment - A recent study indicates a significant disconnect between the values of Gen Z and what hiring managers seek [5] - Gen Z's top values include self-care (eudaimonia), authentic self-expression, and helping others [3][4] - Hiring managers prioritize achievement, learning, and work centrism [4] - Only 2% of Gen Z aligns with the top three values sought by hiring managers [5] Generational Differences and the Changing Work Bargain - Older generations value achievement and affluence more [7] - Gen Z may deeply value self-care due to a perceived broken "bargain" of postponing happiness for future rewards [7][8][9] - Gen Z might believe the traditional "hustle culture" and delayed gratification model is no longer viable, especially with the emergence of AI [10][9] Employer Strategies and Advice for Gen Z - Companies with strong brand names or desirable workplaces have an advantage in finding the 2% of Gen Z whose values align with theirs [13][14] - Companies may need to accommodate the 98% of Gen Z with differing values [15] - Gen Z individuals need to decide whether to prioritize living their values and finding a compatible company, or to bet on the traditional work bargain [17] - Individuals should be aware of the trade-offs involved in their career choices [17] Employability of Gen Z - The study questions whether Gen Z's values make them less employable to certain organizations [19] - The core issue is under what circumstances companies will hire and retain Gen Z employees [19]

[Music] Washington is in turmoil once again with investors wondering how a government shutdown can affect their money. That's what we're digging into on today's Stocks and Translation. A shutdown happens when Congress misses a budget or a short ter short-term fix.Essential services keep running, but many others pause as most federal workers are temporarily let go or furlowed. So, let's break down what a government shutdown is and is not. First, it's a temporary funding lapse.It slows some services and it ca ...

Today, Fiser is committing to offer all of their prescription medications to Medicaid, and it will be at the most favored nation's prices. It's going to have a huge impact on bringing Medicaid costs down uh like nothing else. In addition, Fiser is agreeing to provide some of their most popular current medications to all consumers at heavily discounted prices of anywhere between 50 and even 100%.That's off the price and in some cases even more than that. These drugs will be available for direct purchase onli ...

Sit down with your CPA after October 15th when he or she's done with all the tax returns. Try to get them to do a projection for 2025 and 2026 and then see what opportunities are out there. The one big beautiful bill act has rewritten the tax landscape in ways that extend well beyond the internal revenue code.And these ripple effects are already being felt across investment decisions, retirement planning, and long-term wealth strategies. In our podcast today, my guest Bob Keebler, a partner with Keebler and ...

Market Performance & Trends - The third quarter of 2025 is ending, with 75% of the year completed [1] - Major indexes opened flat, with NASDAQ and S&P 500 down approximately 01% [3] - Tech and consumer discretionary sectors led gains, while consumer staples were down 5% quarter-to-date, indicating a risk-on rally [4] - UBS expects the S&P 500 to reach 6,800 by mid-2026, with a bull case scenario of 7,500, advising investors to use pullbacks to add exposure [24] - The S&P 500 is on track for another year of double-digit gains through the first three quarters [50] Company Specific News - Spotify's CEO Daniel Ek will transition to executive chairman effective January 1, 2026, with Gustav Sodström and Alex Nstrom becoming co-CEOs; shares were down approximately 3% following the announcement [6] - Spotify shares are up over 90% as the company pivots to profitability [8] Economic Factors & Risks - The US is on the brink of a government shutdown, which could impact the release of the non-farm payrolls report and influence Federal Reserve interest rate decisions [5][11] - A potential government shutdown could last for approximately one to two weeks [13] - The labor market is showing signs of softening, with unemployment data potentially being questioned and revised [16][20] - The Fed's focus remains on the labor market due to concerns that deterioration could lead to stagflation [31][32] - Sticky inflation, combined with a potential economic slowdown, could bring market volatility [57] Fixed Income - The yield curve is expected to continue steepening, with lower yields on the short end due to Fed policy and uncertainty around government deficits driving the long end [36][37] - Maintaining higher levels of quality in fixed income investments is recommended, with attractive yields available in the middle part of the curve as the Fed continues to ease [38][39] Sector Analysis - Consumer staples were down nearly 4% in the third quarter, attributed to concerns about compressed yields and margins due to potential tariff impacts and supply chain disruptions [40][42][43] - Utilities are benefiting from lower yields and the AI trade, particularly regarding infrastructure grid upgrades [45][46] Future Outlook - Increased capital expenditures across the market are expected, potentially benefiting small-cap and cyclical areas as the Fed reduces rates [58] - A rotation away from the top-heavy "Magnificent Seven" into other parts of the AI trade and broader market is anticipated for 2026 [58] - The dollar's performance will be crucial for gold's rally, while the crypto market, particularly Bitcoin, is expected to have a strong fourth quarter [60][61]

[Music] Welcome to Morning Brief Market Sunrise. I'm Raman Karamali live from Yahoo Finance Studios in London. It's Tuesday, 30th September.Coming up on the show, the vice president signals that a government shutdown looks like it will kick in from tomorrow. We'll look into whether China can threaten the US's dominance in the world of artificial intelligence. and I'll tell you all about a stock that surged over 1,700% in less than 24 hours.So, grab your coffee and let's own the morning. [Music] >> I think w ...