(CNBC): Companies like Arcellx, Novo Nordisk, Eli Lilly, Domino’s Pizza, Fortune Brands Innovations, and VF Corp are making headlines before the bell.

Transformation: Biotech company Arcellx saw a 78% surge in stock value after Gilead Sciences announced a $7.8 billion acquisition deal. Novo Nordisk’s stock dropped 14% following the failure of its weight-loss drug in comparison to Eli Lilly. Domino’s Pizza experienced a 4% increase in stock value after surpassing sales expectations for the fourth quarter. Fortune Brands Innovations saw a 4% rise in stock value as investor Ed Garden seeks to replace the incoming CEO. VF Corp’s stock fell 3.5% after being downgraded by JPMorgan due to concerns about the recovery of the Vans brand.

VIEW ORIGINAL SOURCE