Dow tops 52,000 as SCOTUS rulings and Medicare drug coverage reshape markets
Stock futures firmer with the Dow briefly clearing 52,000, led by Alphabet, as the Supreme Court limited Trump’s ability to fire some independent regulators but allowed removal of a Fed governor and ruled absentee ballots can be counted post‑Election Day. Medicare will start covering obesity drugs under Part D with about a $50 copay, potentially expanding GLP‑1 access, while regulators launch a pilot to speed reviews of domestic pharma manufacturing. Comcast spins off NBCUniversal and Sky, spurring M&A chatter about Charter. Waymo pauses rides in Phoenix for autonomous deliveries with DoorDash, as Uber seeks new AV partners. A Vanguard retirement study highlights a gender savings gap, underscoring ongoing market themes.
- SCOTUS decisions, Dow at 52,000, the retirement savings gap and more in Morning Squawk CNBC
- One big win and three defeats for Trump in dramatic day at Supreme Court BBC
- How the Supreme Court Ushered in Corporate Chaos in D.C. The New York Times
- John Roberts fought for decades to overturn Humphrey’s Executor CNN
- Supreme Court takes sledgehammer to much of federal government’s regulatory structure NPR
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