Stocks making the biggest moves premarket: Paramount, SolarEdge, Morphic Holding and more

Check out the companies making headlines before the bell. Morphic Holding — Shares surged more than 75% on news that Eli Lilly will acquire the biopharma company in a $3.2 billion deal . The deal will give Eli Lilly access to Morphic's portfolio of treatments in development, such as those for ulcerative colitis and Crohn's disease. Eli Lilly shares inched up 0.2% on the news.

Domino's Pizza - The pizza chain rose more than 1% in premarket trading after Baird upgraded the stock to an outperform rating. The Wall Street firm said the company's strong fundamentals have meaningfully increased investor confidence and conviction. Baird highlighted Domino's Pizza's advertising approach, product pipeline, operations, rising penetration and improved relative value proposition.

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