Check out the companies making the headlines in midday trading: Teva Pharmaceuticals, Sanofi — Shares of Teva Pharmaceuticals and Sanofi rose more than 23% and 6%, respectively, after the companies announced positive Phase 2b results for duvakitug, a combination treatment for moderate to severe. inflammatory bowel disease. Pfizer – Shares traded about 4% higher on the biopharma company’s 2025 guidance, in line with Wall Street expectations. Pfizer expects revenue next year to be between $61 billion and $64 billion, compared with consensus estimates of $63.22 billion, according to FactSet. Quantum computing – Shares surged more than 38% to a new 52-week high after NASA’s Goddard Space Flight Center awarded the company a major contract to support the agency’s advanced image and data processing demands using Quantum’s popular quantum entropy optimization engine. Like Dirac-3. SolarEdge Technologies – Shares rise 21% after Goldman Sachs’ double sell-to-buy upgrade. The bank said 2025 will be a key turning point in the clean energy company’s major turnaround story. Red Cat – The drone technology company fell 12% after reporting a fiscal second-quarter loss of 18 cents per share, worse than a loss of 11 cents in the same period a year ago. Shares of Red Cat have risen about 17% in the past week after sightings of mysterious drones in New Jersey raised hopes that Wall Street could direct more funding. Nvidia , Broadcom – Shares of Nvidia and Broadcom fell more than 1% and nearly 5%, respectively, following moves in the opposite direction of chip stocks in previous sessions. On Monday, Nvidia fell into correction territory. Meanwhile, Broadcom reported better-than-expected fourth-quarter earnings on Thursday, pushing its stock above $1 trillion on Friday. It is up more than 39% in the last week. Tesla – Electric vehicle stocks rose 1% after Mizuho’s upgrade to outperform neutral. The company said it expects Tesla to benefit from President-elect Donald Trump’s planned regulatory changes, such as those related to autonomous driving. Manchester United – Shares rose nearly 2% after UBS initiated coverage with a buy rating. The company believes that the “higher” revenue base of the UK’s professional football club could eventually lead the club to improved sporting performance and net profitability. Epam Systems, Cognizant Technology Solutions – IT services stocks advanced 2% and roughly 1%, respectively, following Barclays’ upgrade from equal weight to overweight. The British bank said those companies had made investments that could help win demand as the sector returns. Affirm Holdings – Shares fell more than 3% after the buyout now that the pay later company announced a private offering of $750 million in senior convertible notes. Bairma also said it expects to repurchase up to $300 million of its Class A common stock. Amentum Holdings – The engineering company and government contractor fell 12% after posting quarterly results. Amentum reported a pro forma loss of 21 cents per share in the fiscal fourth quarter, compared with earnings of 17 cents per share in the year-ago period. – CNBC’s Alex Harring, Lisa Kailai Han, Pia Singh and Michelle Fox contributed reporting.
