Government Shutdown Poised to Become Longest in U.S. History

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  The government shutdown nears a record as the longest in U.S.

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  history.

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  Plus,

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  what an ominous milestone for a famous method of valuing stocks tells us about what's next for markets.

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  It's proven to be an extremely reliable indicator of what to expect in the several years ahead of us.

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  And former Vice President Dick Cheney, an architect of the U.S.

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  War on Terror, has died at 84.

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  It's Tuesday, November 4th.

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  I'm Sabrina Sidiki for The Wall Street Journal, sitting in for Alex Osala.

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  This is the PM edition of What's News,

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  the top headlines and business stories that move the world today.

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  The Trump administration is negotiating with Eli Lilly and Novo Nordisk to offer their blockbuster weight loss drugs at lower prices as low as $149 for a month's supply through a Trump-branded government website

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  for buying medications.

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  People familiar with the matter say the proposed agreements would also mean Medicare and Medicaid coverage of expensive obesity drugs like Wigowi and Zepbound.

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  Medicare drug benefit plans today can cover the weight loss drugs just not only for losing weight.

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  For example, they're available for reducing risk of heart attacks or sleep apnea.

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  And few states offer Medicaid coverage for the drugs for weight loss.

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  And that's not the only news today about the weight loss drug market.

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  There's a new twist in the high stakes bidding war for the obesity drug developer Metzera as Novo Nordisk and Pfizer have both raised their offers for the company.

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  Metzera said today that Novo Nordisk's proposal values the company at approximately $10 billion,

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