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[MARKET UPDATE] US indices see a leg lower, with Financials paring gains, amid reports Jefferies (JEF), Wells Fargo (WFC), Apollo Global Management (APO), and Santander (SAN MC) also among lenders to collapsed MFS

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U.S. Markets

Eli Lilly (LLY) Q2 2026 (USD): Adj. EPS 8.38 (exp. 6.01), Revenue 23bln (exp. 20.7bln)

LLYGeopolitics

Gulf official tells CNN “50:50” chance US and Iran could reach deal by Friday, CNN reports; Iranian delegation does not include IRGC, which would need to sign off on details of provisional agreement

Geopolitics

The draft agreed to by Iranian and Omani negotiators awaits final approval from Iran’s supreme leader, two regional officials told The Associated Press on Wednesday