CNBC Business News Update Market Midday: Stocks Higher, President Trump Says Iran Wants A Cease Fire, SpaceX Confidentially Files For An IPO 4/1/26
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Apr 1, 2026 
Morgan Brennan, CNBC reporter who covers aerospace and spaceflight, talks about NASA’s Artemis II mission and the spacecraft and crew preparing for lunar exploration. She also discusses SpaceX’s confidential IPO filing and what it could mean for the industry. Short updates touch on market movements and major geopolitical headlines.
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Markets Rally On Short War Hopes
- U.S. markets rallied on hopes the Iran war could end soon, lifting major averages midday.
- The Dow jumped about 1% led by Boeing up 5%, the S&P rose 1.25%, and the Nasdaq climbed 1.8% with NVIDIA gaining ~1.5%.
FDA Approval Expands GLP-1 Market
- The FDA approved Eli Lilly's GLP-1 weight-loss pill, opening a new phase in the obesity drug market.
- This approval expands the GLP-1 competitive landscape and could accelerate consumer adoption of pharmaceutical weight-loss treatments.
Trump Signals Possible Quick U.S. Exit From Iran
- President Trump signaled Iran asked for a ceasefire and said U.S. forces would leave Iran in weeks but could return for spot strikes.
- He described the new Iranian leadership as "much less radicalized and far more intelligent" while warning of continued military action if necessary.