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The biggest change in the global market cap rankings in August was SpaceX, whose market cap rose to $1.89 trillion with a monthly gain of 32.59%, while Tesla, SK Hynix, and Micron Technology also recorded sizable gains. The Philadelphia Semiconductor Index rose 1.98% in August, staging a modest recovery from a sharp 20.61% correction in 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Lilly will acquire the rights to Merida's lead asset, MER511, which is currently in early clinical development for Graves' disease and thyroid eye disease.The deal consideration includes an upfront cash payment and contingent milestone payments, Lilly said.While much of investor attention has centered on Lilly's ever-expanding oncology portfolio, the Merida deal marks the drugmaker's latest move to bolster its immunology pipeline through strategic acquisitions. In February, Lilly agreed to buy Orna Therapeutics, a developer of therapies for B-cell-driven autoimmune diseases, in a $2.4 billion cash deal.Lilly shares slipped 0.3% in premarket trading Monday. 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