Check out the companies making 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 duvakitug results , their combined treatment is moderate to severe. inflammatory bowel disease. Pfizer — Shares traded nearly 4% higher on the heels of the biopharmaceutical company’s 2025 outlook coming in line with Wall Street expectations. Pfizer expects revenue to come in between $61 billion and $64 billion next year, in line with the consensus estimate of $63.22 billion, according to FactSet. Quantum Computing – The stock soared more than 38%, hitting a new 52-week high, after NASA’s Goddard Space Flight Center awarded the company a prime contract to support the agency’s demands for advanced imaging and data processing through quantum computing. -Quantum’s known entropy quantum optimization. as Dirac-3. SolarEdge Technologies — The stock jumped 21% following Goldman Sachs’ double upgrade to buy from sell. The bank said the year 2025 will be a critical turning point for the clean energy company. Red Cat – The drone tech company fell 12% after reporting a second-quarter net loss of 18 cents per share, worse than a loss of 11 cents per share from the same period last year. Shares of Red Cat are now up nearly 17% in the past week, rising after mysterious drone sightings in New Jersey raised hopes that Wall Street could inject more money into the industry. Nvidia, Broadcom – Shares of Nvidia and Broadcom fell more than 1% and nearly 5%, respectively, following the movement of chip stocks in different directions in previous sessions. On Monday, Nvidia fell into correction territory. Meanwhile, Broadcom posted better-than-expected fourth-quarter earnings on Thursday, boosting the stock to more than $1 trillion in market capitalization on Friday. It is up more than 39% in the last week. Tesla — Electric vehicles rose 1% following Mizuho’s upgrade to transition to neutral. The company said it expects Tesla to be a beneficiary of President-elect Donald Trump’s expected reforms, such as those related to autonomous driving. Manchester United — The stock rose nearly 2% higher after UBS initiated coverage with a buy rating. The company thinks that the “higher” revenue base of the UK professional football club could eventually lead the club to improved sporting performance and net profit. Epam Systems , Cognizant Technology Solutions — IT services stocks advanced 2% and about 1%, respectively, after being upgraded to overweight from equal weight by Barclays. The British bank said that these companies are making investments that will help them meet the needs as they return to the sector. Affirm Holdings – Shares fell more than 3% after the buy-now, payday company announced a private offering of $750 million of senior convertible notes. Affirm 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. Ametum reported a pro forma loss of 21 cents per share for its 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.
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