Boeing, Norfolk Southern, Nvidia & more

Check out the latest news from midday trading. BlackBerry’s shares surged over 9% following an announcement of a partnership with Advanced Micro Devices on robotics systems. Moderna, the vaccine maker, saw a 6% increase after reports indicated promising results in an early stage study for its cancer drug developed with Merck. Boeing’s shares dropped more than 2% due to reports of regulators investigating claims from a whistleblower about flaws in the company’s 787 Dreamliner. Alphabet rose by 1.1% as Wall Street prepared for the Google Cloud Next event keynote and the unveiling of new custom Arm-based chips. Tilray Brands experienced a significant drop of nearly 20% after reporting a wider-than-expected quarterly loss. American Eagle Outfitters saw a 4.4% increase following an upgrade by JPMorgan, and Ally Financial’s shares gained 1% after an upgrade to buy from neutral by Bank of America. ChargePoint’s shares fell by 4.6% after a downgrade from Goldman Sachs, while Molson Coors advanced by 0.7% following an upgrade from the same financial institution. Pfizer’s stock rose slightly after announcing positive results for its respiratory syncytial virus vaccine. Neogen Corp experienced a 9% drop after reporting a surprise loss, and Norfolk Southern gained 1% after reaching a $600 million settlement related to a derailment. Nvidia’s shares fell by over 2% for the fifth time in six sessions, and Netflix also experienced a decline on the day.

Several companies made headlines in midday trading due to various announcements and developments. BlackBerry saw a 9% increase in its shares following a partnership with Advanced Micro Devices on robotics systems. Moderna, a vaccine maker, gained 6% after news that its cancer drug, developed with Merck, showed promising results in a study for neck and head cancer. Boeing experienced a 2% decrease after reports of regulators investigating claims about flaws in its 787 Dreamliner. Alphabet’s shares rose 1.1% ahead of its Google Cloud Next event keynote, where the company unveiled new custom Arm-based chips. Tilray Brands saw a significant drop of nearly 20% after reporting a wider-than-expected quarterly loss. American Eagle Outfitters received an upgrade from JPMorgan, causing a 4.4% increase in its stock. Ally Financial also rose by 1% following an upgrade from Bank of America. ChargePoint, on the other hand, saw a 4.6% drop after a Goldman Sachs downgrade. Molson Coors gained 0.7% after being upgraded by Goldman Sachs. Pfizer’s stock slightly increased after announcing promising results for its respiratory syncytial virus vaccine. Neogen Corp experienced a 9% decline after reporting a surprise loss and trimming its revenue guidance. Norfolk Southern saw a 1% increase following a $600 million settlement related to a derailment and the release of preliminary first-quarter earnings. Nvidia’s shares fell over 2% for unknown reasons, while Netflix also experienced a decline. These fluctuations in stock prices reflect the various news and developments affecting these companies in the midday trading session.

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