SCOTUS decisions, Dow at 52,000, the retirement savings gap and more in Morning Squawk

Good morning and welcome to today’s market insights. As we dive into the trading day, stock futures are showing a positive trend, indicating a continuation of yesterday's market success. In a significant ruling, the Supreme Court addressed President Donald Trump's authority regarding the dismissal of independent regulators, alongside a decision on the counting of delayed mail-in ballots. These rulings could have far-reaching implications in the political landscape. In an exciting milestone, the Dow Jones Industrial Average achieved its first closing above 52,000, buoyed by a nearly 5% surge from Google’s parent company, Alphabet, on its inaugural day in the blue-chip index. Although June is nearing its close, the performance has not been uniformly positive across all indices. While the Dow has gained over 2%, both the S&P 500 and Nasdaq Composite are on course for their first monthly declines in three months. Interestingly, the Russell 2000 is set to mark its largest first-half gain since 1991. In healthcare news, Medicare is set to begin covering obesity medications, a significant shift that could expand access to treatments from companies like Novo Nordisk and Eli Lilly. Eligible enrollees will be able to obtain these drugs for a monthly copay of $50, potentially bringing millions into the program. On the pharmaceutical front, Eli Lilly and Regeneron have been selected for a pilot initiative aimed at speeding up the review of domestic manufacturing facilities. This new approach allows regulators to assess projects while they are still under construction, streamlining the process significantly. In a major strategic move, Comcast announced plans to spin off NBCUniversal and Sky into a publicly traded entity, raising questions about the company's future direction. While some analysts speculate about potential mergers, Comcast co-CEO Brian Roberts clarified that this announcement is not a precursor to any merger or acquisition activity. In the autonomous vehicle sector, Uber users in Phoenix can no longer access Waymo's robotaxis, as the program has shifted focus to autonomous deliveries through DoorDash. Though Uber plans to partner with a different autonomous vehicle provider in the Phoenix area, details remain under wraps. Finally, a new Vanguard report highlights the ongoing retirement savings gap between genders, suggesting that while online accounts may not completely bridge the divide, they could offer some assistance. The report outlines the savings figures for each gender projected by the end of 2025, emphasizing the need for continued efforts to address this issue.