Seeking Alpha’s roundup of statements, announcements, and remarks that could impact markets, sectors, or individual stocks.
- President Trump will announce Tuesday that Pfizer (NYSE:PFE) has agreed to sell its drugs at discounted prices through the Medicaid program.
Trump is also expected to unveil a new government website called TrumpRx that will allow direct-to-consumer sales of prescription drugs at lower prices, according to the Washington Post, which cited a White House statement.
The initiatives are in response to Trump’s executive order demanding that drugmakers find ways to lower prices for U.S. consumers to those seen in other developed countries.
- DoorDash (NASDAQ:DASH) is rolling out a new delivery robot called Dot that can navigate streets and sidewalks to deliver food orders.
Dot is the company’s first solo push into autonomous vehicles and robotics. DoorDash previously collaborated with Sam Altman’s Coco Robotics for sidewalk delivery service, according to CNBC.
“The scale and complexity of the business demands something like autonomy, and there isn’t anything out there that fits our use case,” DoorDash co-founder Stanley Tang told CNBC about the company’s push into robotics.
DoorDash said Dot is the company’s solution to dealing with more complex deliveries, with the robot capable of reaching speeds of up to 20 miles per hour and carrying deliveries of up to 30 lbs., according to CNBC.
- Boston Federal Reserve President Susan Collins indicated Tuesday that a future rate cut will be dependent on inflation data.
“In this highly uncertain environment, I do not rule out scenarios featuring higher and more persistent inflation, more adverse labor market developments – or both. Still, with less scope for inflationary pressures from the labor market, the upside inflation risks I was concerned about a few months ago are more limited,” she said at a Council on Foreign Relations event in New York.
“In this context, it may be appropriate to ease the policy rate a bit further this year – but the data will have to show that,” she added.
Collins is currently a voting member of the Federal Open Market Committee.