12:30 Report is The Hill's midday newsletter. Subscribe here.

Happy Thursday. Thanksgiving is three weeks from today! But don’t forget that it’s late this year.

In today's issue:

• Trump negotiates weight loss drug price cut

• President battles Dems over ‘affordability’

• Pelosi to retire after nearly 40 years

• Layoffs skyrocket in October

• FAA to start cutting flights during shutdown

• John Mulaney spotted at Supreme Court

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💊 IN THE WHITE HOUSE

Weight loss drugs are now on sale! (Well, for some people):

President Trump just announced a negotiated deal with Eli Lilly and Novo Nordisk to cut the price of weight loss drugs.

The two manufacturers have agreed to sell their GLP-1 weight loss injectables for a monthly p

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