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Americans will soon get a reprieve on the sky-high cost of some weight loss drugs thanks to a deal President Donald Trump announced Thursday. The new “TrumpRx.gov” site launching in January will offer Wegovy and Zepbound injectables for about $350 per month without insurance, far less than the current cost of more than $1,000. Eli Lilly and Novo Nordisk, the makers of both drugs, will also cut the price Medicare pays for its GLP-1s. The move is expected to expand access to the medications for Medicare patients, especially as Medicare has not typically been able to cover the drugs when prescribed for weight loss alone. This is a published version of the Forbes Daily newsletter, you can sign-up to get Forbes Daily in your inbox here. FIRST UP The world’s richest person could get a trillion-dollar payday after Tesla shareholders approved Elon Musk’s compensation package, despite opposition from some of its biggest investors. The package would increase Musk’s stake in the automaker to about 25% if he meets a set of ambitious goals, and the company has argued it is critical to keep Musk at the firm. The Trump Administration must fully distribute this month’s Supplemental Nutrition Assistance Program benefits, a federal judge ruled, after the White House previously said it would only provide half of the funds. Roughly 42 million Americans rely on the program, and Rhode Island-based District Judge John McConnell gave the Trump administration a deadline of Friday to make the full payments, which cost about $8 billion. BUSINESS + FINANCE It’s already been one of the worst years for layoffs in decades, with employers slashing over 1 million jobs, according to a report from career services firm Challenger, Gray & Christmas. The company’s chief revenue officer and labor expert Andrew Challenger blamed several factors including AI adoption, federal budget cuts and reduced consumer spending. In spite of that shaky economy, the National Retail Federation expects holiday spending to top $1 trillion for the first time this year, though consumers are more price-conscious than ever, NRF’s President and CEO Matthew Shay said. The organization predicts spending will increase 3.7% to 4.2% over last year, though economists have warned that lower-income consumers are pulling back. WEALTH + ENTREPRENEURSHIP Shares of Meta slipped Thursday after Reuters reported the tech giant projected that 10% of its revenue would come from running advertisements for scams. The stock plunge cut around $5 billion from Mark Zuckerberg’s fortune, dropping him into the No. 6 spot in the ranking of the world’s richest people—down from No. 3 early last week. Ripple, the company behind the world’s fourth-largest crypto XRP, raised $500 million backed by Wall Street giants, giving it a $40 billion valuation. The deal also boosts cofounder Chris Larsen’s net worth to an estimated $13.8 billion, and makes CEO Brad Garlinghouse a new billionaire, as the company seeks to reinvent itself as a conglomerate after drawing ire from regulators. TECH + INNOVATION Los Angeles-based HeyGen, which gives businesses tools to create marketing videos, has reached $100 million in recurring revenue, the firm said. It’s part of a rapidly-expanding market for AI-generated video, which is projected to reach $42 billion by 2033, up from $3.9 billion last year. MONEY + POLITICS Just after the IRS had expanded its free online tax filing to more taxpayers, the Trump Administration appears to have axed the popular Direct File option for the 2026 filing season. Some Republicans in Congress have been unhappy with the program, though Free File, through which tax preparation software providers make their products available to eligible customers, remains in place. Coast Guard-run stores, which provide service members and their families with access to tax-free consumer goods, have stocked Trump-branded wine and cider. While there’s been no shortage of Trump’s businesses capitalizing on the presidency, these wines are among the few times Trump products have been sold at a government facility. TRAVEL + LIFESTYLE Shares of major airlines fell Thursday after the Federal Aviation Administration cut flights at 40 major airports due to staffing problems caused by the government shutdown. Air traffic controllers told Forbes they expect large numbers of their colleagues to quit in the coming days, and airlines are offering refunds and waivers to travelers amid the chaos. DAILY COVER STORY Inside A Billionaire Couple’s Plan To Give Away Their $20 Billion Facebook Fortune Former journalist Cari Tuna, along with her husband, Facebook cofounder Dustin Moskovitz, is one of the world’s most generous philanthropists. A decade ago, the couple donated $1 million to the Future of Life Institute to reduce AI risk. Then they poured $30 million into OpenAI’s nonprofit in 2017 through their foundation, and Moskovitz invested in Anthropic’s $124 million funding round in 2021. Back then, both labs preached a laser focus on AI safety. Tuna stresses that neither the couple nor their foundation owns a stake in OpenAI now, and their Anthropic stake (worth an estimated $500 million) was moved into a nonprofit vehicle in early 2025. Much has changed in the world’s embrace of AI, with massive deals being struck daily between the world’s biggest tech companies, the savviest investors and governments around the world. But Tuna and Moskovitz aren’t distracted from a key part of their mission: ramping up grants that could help make AI models safer—sometimes trying to shape work at OpenAI and Anthropic via research, policy advocacy and even lobbying. Tuna and Moskovitz have said they want to give away the vast majority of their fortune while they are alive, and they’ve already donated more than $4 billion. They have another $11 billion—Moskovitz’s personal fortune—plus approximately another $10 billion already in their private foundation, the Good Ventures Foundation, and more in their donor-advised funds. WHY IT MATTERS “Cari Tuna takes a uniquely utilitarian approach to her giving,” says Forbes reporter Phoebe Liu. “Two of her main causes—global health and AI—have immense implications for all of us, and money is influence, even in the form of donations. Particularly interesting is tracing the ‘why’ behind Tuna’s and Moskovitz’s support for AI, from early effective altruist-minded funding for OpenAI and Anthropic to safety-focused nonprofits that do research, policy advocacy and even government lobbying.” MORE Timothy Mellon Has Likely Donated More Than Half His Fortune To Politics FACTS + COMMENTS The price of a Thanksgiving meal using store-brand products could be cheaper this year, a new report found, even as inflation continues to hit grocery store carts. Data show food prices have spiked more than overall inflation through August: $80: The cost of a Thanksgiving dinner for 10 people using store-brand products, including turkey, stuffing, cranberries and pumpkin pie 3.7%: The estimated decline in retail prices for turkeys sold by national brands from a year ago 2.4%: The expected increase in the cost of food at home through 2025 STRATEGY + SUCCESS The vast majority of remote employees work in tech, but as job cuts rock the industry, some roles are more layoff-proof than others. Cybersecurity analysts are essential, as are tech roles within the healthcare industry. You can strengthen your position by seeking a role that’s essential to revenue generation, risk management or cost savings. VIDEO QUIZ A Hallmark original Christmas movie beat out almost everything on CNN and MSNBC last week, signaling the start of the channel’s holiday dominance. What movie is it? A. “A Biltmore Christmas” B. “A Newport Christmas” C. “Christmas on Duty” D. “The Wisest Men” Check your answer. Thanks for reading! This edition of Forbes Daily was edited by Sarah Whitmire, Chris Dobstaff and Caroline Howard.
