Check out the companies making the biggest moves in premarket trading: Eli Lilly, ResMed — Shares of Eli Lilly rose 2% following the pharmaceutical giant’s announcement that its weight-loss drug Zepbound showed potential to treat patients with obstructive sleep apnea. On the news, shares of ResMed, which makes devices to treat sleep-related breathing disorders, fell nearly 4%. Travelers: Shares fell nearly 5% after the insurance company reported a loss in earnings and revenue for the first quarter. Earnings per share were $4.69 compared to the $4.90 expected by analysts surveyed by LSEG. Revenue was $10.18 billion versus the expected $10.51 billion. Travelers said the loss of earnings was driven by a high level of catastrophe losses. United Airlines – The stock gained 6% on the day after the airline reported an adjusted loss of 15 cents for the first quarter, narrower than the 57-cent loss expected by analysts surveyed by LSEG. Quarterly revenue also exceeded expectations. JB Hunt Transport Services — Shares fell 8% on a daily basis after the transportation and logistics company reported declines in earnings and revenue for the first quarter. JB Hunt said demand was flat and weaker than expected nationally. ASML Holding — U.S.-listed shares fell 5% after the Dutch semiconductor company reported revenue and new bookings below consensus estimates. Urban Outfitters — Shares of the retail company fell 5% after a downgrade to underperform from holding Jefferies. The investment firm said foot traffic growth appears to be slowing at Urban Outfitter-branded stores. Omnicom — The stock gained nearly 3% on the day after the communications company reported higher earnings and revenue for the first quarter. According to StreetAccount, organic revenue grew 4% versus the 3.2% expected by analysts. Autodesk software shares fell 5%. On Tuesday, Autodesk said it will further delay filing its annual 10-K due to an ongoing internal investigation into its board of directors. Alcoa – Aluminum stocks gained nearly 3% after news that President Joe Biden will propose tripling China’s tariff rate on steel and aluminum imports during a visit Wednesday to the United Steelworkers headquarters in Pittsburgh. Alcoa is expected to report earnings after the closing. Elf Beauty — Shares of the beauty company rose 2.6% following an upgrade by TD Cowen to buy from hold. The company said it is impressed by new product introductions and expects revenue could double over the next three years. Ferrari – The stock gained 1.8% after Bernstein reiterated an outperform rating on Ferrari, saying the Italian luxury sports car maker is “beginning to master the challenge of electrification.” The analyst’s $512 price target implies a 24% upside from Tuesday’s closing price. Abbott Laboratories – Shares fell slightly even as the medical device company beat first-quarter expectations and raised the midpoint of its full-year guidance. Abbott Laboratories reported adjusted earnings of 98 cents per share, higher than FactSet’s consensus estimate of 95 cents of earnings per share. Revenue of $9.96 billion beat expectations of $9.88 billion. Capri Holdings – Shares fell 1.5% after The New York Times Dealbook reported that the Federal Trade Commission was preparing to block its $8.5 billion acquisition of Tapestry, the parent company of Coach and Kate Spade. Tapestry shares rose 1.8%: CNBC’s Jesse Pound, Hakyung Kim, Sarah Min and Fred Imbert contributed reporting.