SCOTUS decision, Dow at $52,000, etc.: Morning Squawk

Happy Tuesday. As someone who always keeps protein coffee in my fridge, I can’t say I’m surprised by the growing popularity of “functional drinks.”

Stock futures prices are positive this morning. The market is having a day of victory.

Here are five important things investors need to know to start their trading day.

It was a busy morning at the Supreme Court yesterday. The country’s highest court has ruled on President Donald Trump’s ability to remove independent regulators and whether late mail-in ballots can be counted.

Here’s an overview:

The court ruled that President Trump has the authority to fire Federal Trade Commission Director Rebecca Slaughter and other members of independent federal agencies that work under the executive branch. But in a 5-4 decision, the court ruled that President Trump cannot remove Federal Reserve Board Chair Lisa Cook from the central bank for now. SCOTUS said Mississippi could count some absentee ballots received after Election Day, a blow to Republican efforts to suppress mail-in voting. The vote-by-mail ruling was a “huge loss” and pushed forward controversial voter identification legislation. Here’s what the court’s latest action means for consumers.

Starting tomorrow, Medicare will begin covering obesity drugs for the first time. CNBC’s Annika Kim Constantino reports that this could open up a huge new patient population for GLP-1 producers. novo nordisk and Eli Lilly.

Medicare Part D previously covered some GLP-1 for conditions such as diabetes and cardiovascular disease, but federal law prohibited coverage based solely on obesity. This policy change will allow eligible enrollees to obtain medications at a copay of $50 per month. Medicare Director Chris Klomp said last week that millions of Americans are expected to gain access through the new program.

In other areas of the pharmaceutical industry, CNBC reports that Eli Lilly and regeneron The company was one of the first seven companies selected by regulators for a pilot program to accelerate reviews of domestic manufacturing facilities. The initiative will allow regulators to begin evaluating projects under construction.

comcast Shares rose yesterday after the telecoms giant announced plans to separate NBCUniversal and Sky into publicly traded companies. Now, the question on everyone’s mind is what the company has planned next.

As CNBC’s Lillian Rizzo and Alex Sherman write, analysts believe Comcast is gearing up for a deal. But Comcast co-CEO Brian Roberts dismissed those expectations on a conference call yesterday, telling investors that the announcement was “absolutely not” a precursor to a merger or acquisition.

Still, some on Wall Street wonder if Comcast could consider a merger with cable company Charter Communications. In this situation, the media business looks like this: disney.

Uber Users can no longer hail a Waymo robotaxi in Phoenix. As CNBC’s Laura Kolodny reports, the end of the program has raised concerns about the dominance of rideshare platforms in this space.

Waymo vehicles in Phoenix will now be used for automated deliveries with the following features: door dash. Uber said it would partner with another self-driving car company in the Phoenix market, but did not say which company. Waymo, for its part, continues to operate rideshare services in other cities and plans to add Nashville later this year. lift.

Experts don’t think online Trump accounts will solve the retirement savings gap between men and women, but they do believe they could help. According to a new report from Vanguard, here’s how much men and women each had saved in their retirement accounts at the end of 2025.

Male: $194,597 Female: $146,476

— CNBC’s Dan Mangan, Kevin Browninger, Greg Iacrussi, Jessica Dicker, Liz Napolitano, Jennifer Elias, Annika Kim Contantino, Angelica Peebles, Lillian Rizzo, Alex Sherman, Tobias Burns, Laura Kolodny and Sara Agostino contributed to this report.

Luke Fountain helped produce this newsletter. Terry Cullen edited this version.