Overview:

Centessa Pharmaceuticals (CNTA) surged 45% at the opening bell on March 31, 2026, after Eli Lilly agreed to acquire the UK-based biotech for up to $7.8 billion — $38 per share in cash plus a $9 contingent value right. The S&P 500 opened the final session of Q1 at 6,403.37, with all major indexes advancing as a Wall Street Journal report indicated President Trump was prepared to wind down the Iran war even with the Strait of Hormuz largely closed. The Nasdaq Composite climbed 1.80% to 21,168.20 a

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The PreMarket Desk at PreMarket Daily covers US equity pre-market analysis, publishing before the 9:30 AM EST open every trading day. Analysis is cross-referenced with live real-time market data and news,...