Investor’s Business Daily said that Eli Lilly and Novo Nordisk are locked in intense competition in the weight-loss drug market. It added that Eli Lilly’s stock performance has been the clear winner, putting the company in the lead within the sector.

Chipmaker Analog Devices reported fiscal third-quarter results that beat broad market expectations. The results point to solid performance in the company’s core business.

Comments from Donald Trump stoked market concerns, pushing U.S. stock futures lower. Meanwhile, shares of Elon Musk-led SpaceX rose against the broader move.

Reddit shares surged after reports said the social media company is set to be added to the S&P 500. Inclusion in the index would require passive funds that track the S&P 500 to buy Reddit stock, potentially driving significant demand. Investors reacted positively to the development, sending the stock sharply higher. Reddit’s share performance remains closely watched by the market.

Semiconductor equipment maker Applied Materials released its fiscal third-quarter report, posting results that beat analysts’ expectations. The company also issued guidance for the next fiscal quarter. The outlook signaled management’s positive view of future business conditions, bolstering market confidence.

Private equity firm Silver Lake is said to be in early discussions with human capital management software provider Workday about a potential acquisition. The report drew investor attention and pushed Workday shares higher during the trading session. Details of the talks have not been disclosed, and it remains unclear whether a deal will be reached.

Super Micro Computer reported earnings that significantly exceeded market expectations. The surprise result points to strong demand for the company’s server and storage solutions.

Elbit Systems reported earnings that beat expectations. However, its shares fell sharply after Iran’s nuclear program restart fueled concerns about rising geopolitical risk.

Hims reported its latest quarterly earnings, posting revenue above market expectations. However, the company’s net loss came in far larger than analysts had projected. The results disappointed investors, sending the stock sharply lower.