Here’s a look at the companies making headlines in midday trading: JPMorgan Chase, Bank of America, Wells Fargo – The three largest U.S. banks leading Zelle payments network transactions despite the Consumer Financial Protection Bureau’s lawsuit Friday over Zelle payments fraud Share prices were up about 2%. Cryptocurrency-related stocks – MicroStrategy, Coinbase and Robinhood rose 6%, 1% and 3% respectively. The stocks fell in early trading on Friday as Bitcoin prices retreated from their highs. Novo Nordisk — The Danish pharmaceutical giant reported weaker-than-expected late-stage trial results for its experimental weight-loss drug CagriSema, sending its shares down 17%. Shares in rival obesity drug maker Eli Lilly rose more than 4% after disappointing results, while diabetes management device maker Dexcom gained about 7%. Mission Produce — The avocado producer’s fourth-quarter results topped Wall Street expectations, sending its shares soaring 20%. U.S. Steel — Shares fell 3% after the steelmaker issued weaker-than-expected fourth-quarter guidance. U.S. Steel expects a loss of 25 cents to 29 cents per share for the quarter, according to FactSet. Analysts had expected a profit of 22 cents per share. Occidental Petroleum and Sirius XM — Shares of the Houston-based energy producer rose nearly 5%, while radio station operator Sirius XM gained 10%. Warren Buffett’s Berkshire Hathaway increased its stake in the companies after buying stakes in the companies over the past three trading days, a regulatory filing showed. Berkshire also increased its bet on Internet stock Verisign, sending the technology company’s shares up more than 3%. Trump Media & Technology Group — The stock fell 2% after President-elect Trump transferred all of his shares to a revocable trust this week, according to regulatory filings. The stock also came under pressure late Thursday after the House Republican spending deal Trump approved to avert a government shutdown failed. FedEx — Shares of FedEx rose more than 1% after the shipping company said it would spin off its freight business. Additionally, fiscal second-quarter adjusted earnings per share were $4.05, beating LSEG’s consensus estimate of $3.90 per share. However, revenue fell short of expectations. Carnival — The cruise operator’s shares rose more than 5%. Carnival said it expects strong demand in 2025 and 2026. Shares earned 8 cents on revenue of $5.93 billion. —CNBC’s Sean Conlon, Michelle Fox, Alex Harring and Yun Li contributed reporting.
