The Lasso Tool allows a variety of options. To use it, draw a circle around the objects that you want to select. Please note that every pen or highlighter stroke that is inside of the selection will be affected by changes you make.
Drag the selection to the desired spot on the page with your finger or a stylus. Tap outside of the selection when you're done.
Resizing, changing color, copy, cut, delete
To do any of the above, tap inside of the selection with your finger or a stylus once and choose one of the options from the contextual menu appearing above.
Pasting a copied object
Once you have cut or copied an object on the page, you can paste it by tapping and holding anywhere on the page and selecting Paste from the menu appearing above.
Converting your handwriting to typed text
Tapping on the selected handwriting allows you to convert it to typed text. The text can be copied from the preview or exported to other apps by tapping on the Export button in the upper right of the pop-up.