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| Hello, N2K’ers! | This week’s world famous News HaikuTM competition challenges you to base a haiku on a new word or expression from Merriam Webster’s dictionary. | Email me by Thursday at noon ET with your entry! *And of course, your submissions to this competition are subject to Cheddar’s terms of service. But you knew that already, didn’t you?* | Now let’s talk about today’s news you Need2Know, shall we? | —Matt Davis, Need2Know Chedditor | | News You Need2Know | | If you like this newsletter, why not forward it to a friend so they can subscribe here? If you don’t, why not forward to an enemy? Thank you! |
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| | What’s the stock market up to, eh? | $SPX ( ▲ 0.34% ) $DJI ( ▲ 0.09% ) $NDX ( ▲ 0.42% ) | | Companies mentioned in today’s newsletter | $PFE ( ▲ 6.79% ) $GOOGL ( ▲ 0.74% ) $GS ( ▼ 1.36% ) $JPM ( ▼ 1.5% ) $NKE ( ▲ 6.41% ) $PTON ( ▼ 3.67% ) $ADP ( ▼ 0.64% ) | | Pfizer slashes drug prices in historic deal | | Pfizer has become the first pharmaceutical giant to reach an agreement with the Trump administration to lower prescription drug prices under the Medicaid program. Patients in the U.S., who often pay nearly three times as much for medication as those in other developed nations, could soon see significant cost savings. | Pfizer CEO Albert Bourla joined President Trump at the White House to unveil the agreement, marking what Trump believed would be the start of wider industry change. “The United States is done subsidizing the healthcare of the rest of the world,” Trump said. | As part of the deal, Pfizer will offer “most-favored-nation” pricing on all newly launched drugs in the U.S., matching what other developed countries pay. The agreement also grants tariff relief to Pfizer, allowing the company to avoid steep pharmaceutical-targeted tariffs. In return, Pfizer has committed to a $70 billion investment in research, development, and domestic manufacturing. | The impact is largely limited to Medicaid, which spends far less on drugs than Medicare. Still, some drugs are cheaper. That’s got to be a good thing, right? | | | Song of the day: Jeff Tweedy, ‘New Orleans’ |  | New Orleans |
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| Taken from his sprawling triple-album, “Twilight Override,” this track is about a city where I spent two years, got divorced, and had a surprisingly fantastic time despite the whole divorce thing, 15 years ago. Do you know what it means to miss the place, though? I sure do… | | Subscribe to Sunset Magazine for (almost) 50% off! | | Cheddar’s sister publication Sunset Magazine is offering N2K readers a mad discount through September, you can get a year’s subscription for almost 50% off with discount code: N2K20 | | From luxury nature getaways to expert gardening tips, each issue is packed with inspiration to elevate your home, adventures, and way of life. |
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