Additionally, Pfizer pledged a $70 billion investment in U.S. manufacturing and will participate in TrumpRx.gov, a new government-backed drug discount platform.

The deal is seen as a possible template for the rest of the pharmaceutical industry.

Wall Street soared to fresh record highs during the week, brushing aside the 21st U.S. government shutdown in history and a missing jobs report, as investors doubled down on bets for interest rate cuts and cheered strong gains in pharmaceutical and AI-driven tech stocks.

The S&P 500, Nasdaq 100, Dow Jones Industrial Average and Russell 2000 all reached record highs Oct. 3, as traders largely ignored the budget impasse in Washington, D.C., and focused instead on corporate optimism and monetary easing.

The Bureau of Labor Statistics failed to p

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