Congress blew past a midnight funding deadline, triggering the US government’s first shutdown in nearly seven years — and the third under President Donald Trump.

The United States government has officially shutdown after a vote to extend the federal funding with a midnight deadline failed in the US Senate on Tuesday.

The economic fallout is expected to ripple nationwide.

Pfizer Inc. secured a reprieve from President Donald Trump’s long-threatened tariffs on the pharmaceutical industry Tuesday by agreeing to slash some of its drug prices by up to 85% and selling directly to the American public,

President Donald Trump will announce on Tuesday that Pfizer (PFE.N) plans to lower prices on several of its medications in the United States, a White House official said.

Shares of Pfizer rose 5% to $25.05.