Stocks making the biggest premarket moves: Eli Lilly, Paramount Global, Palo Alto Networks and more

Check out the companies making the biggest moves in premarket trading: Eli Lilly — Shares added 1.7% after a late-stage trial found the pharma company's weight-loss drug tirzepatide, the active ingredient Zepbound and Mounjaro, reduced the risk of obese or overweight adults developing Type 2 diabetes by 94%. Paramount Global — The media and entertainment company's stock shed 2.8% following reports that media executive Edgar Bronfman Jr. submitted a roughly $4.

Fabrinet — The stock jumped nearly 10% after the company's earnings and revenue beat estimates Monday. Fabrinet reported fourth-quarter adjusted earnings of $2.41 per share on revenues of $753 million. Analysts polled by LSEG had expected EPS of $2.25 on revenues of $733 million. Boeing — Shares of the aerospace manufacturer dipped 1% after the announcement that tests of the 777X have been paused . Boeing said it found damage in one of the aircraft's structures.

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