Eli Lilly and Regeneron are among the first seven companies selected by the U.S. Food and Drug Administration for its PreCheck Pilot Program, CNBC reported. The initiative is aimed at accelerating regulatory reviews of new domestic pharmaceutical manufacturing facilities.

Trump Accounts, slated to launch July 4, are designed to help children start investing early, but experts say they are unlikely to directly close the retirement savings gap women face. Women typically have lower retirement account balances than men, a difference tied to lower average pay and more time spent out of the workforce for caregiving. One economist said the accounts could still offer an indirect benefit if children’s own assets reduce the pressure on mothers to dip into their retirement savings during family emergencies.

Dow Jones’ consensus forecast calls for 118,000 jobs added in the upcoming nonfarm payrolls report. Kalshi traders, however, put the probability below 60% that job growth exceeds 100,000. They also price about 42% odds that payrolls rise above 125,000.

The legislative momentum behind the most anticipated digital asset framework in American history has hit a severe procedural wall. Galaxy Digital's firmwide research division has officially downgraded the 2026 passage probability of the Digital Asset Market CLARITY Act (H.R. 3633) down to a precarious 50-50 coin flip, striking a sharp blow to institutional timeline models that had previously priced in a 75% certainty of enactment.

Chinese DRAM maker ChangXin Memory Technologies (CXMT) has signed a long-term server DRAM supply agreement with Tencent worth more than 20 billion yuan ($2.94 billion). The contract is set to run for several years, with people familiar with the matter saying it spans up to three years or up to five years. The deal comes as CXMT prepares for a planned listing on Shanghai’s STAR Market and provides a major commercial endorsement ahead of the IPO, according to those people. CXMT is China’s only DRAM maker producing at scale, with about 7.7% market share, and is pushing to expand capacity to roughly 600,000 wafers per month.

India’s MCX gold has pulled back from a record Rs 192,991 per 10 grams to about Rs 143,610, a 26% drop of nearly Rs 50,000. The move has been driven by a repricing of US Federal Reserve policy, with markets factoring in three rate hikes this year and nearly an 80% chance of another increase in December. A stronger US dollar and a brief jump in oil prices have also fed inflation concerns, weighing on bullion. International gold has fallen for four straight weeks, with COMEX support seen at $3,950–$4,000 and a possible move toward $3,600 if that range breaks.

On June 29, rising tensions between the United States and Iran around the Strait of Hormuz pushed international crude oil prices higher, stoking inflation worries and reinforcing expectations of further U.S. Federal Reserve rate hikes. Spot gold fell 0.8% to $4,057.77 per ounce, marking a fourth consecutive monthly decline. In India, 24K gold was priced at about ₹1.43 lakh per 10 grams, while silver held at ₹2,193.50 per 10 grams.

The U.S. Supreme Court is poised to rule on the Trump administration’s attempt to remove Federal Reserve Governor Lisa Cook, a case widely seen as a key test of the central bank’s independence. At the same time, Fed Chair Kevin Warsh is set to make his global debut at the European Central Bank’s forum in Sintra, Portugal, outlining a shift away from explicit rate forward guidance. Warsh has said policy decisions will be driven by incoming data, as markets increasingly price in possible rate hikes even as Trump continues to call for cuts.