Check out the companies making headlines in midday deals after Tesla rolled out its Robotaxi service in Austin, Texas over the weekend. Wedbush analyst Dan Ives said getting a taxi exceeded his expectations. However, some analysts were more modest. Northern Trust – The Wall Street Journal cites people familiar with the issue, and after the Wall Street Journal, the stock rose 7%, reporting that New York Mellon Bank approached Northern Trust last week to communicate interest in a merger between the two rivals. The report said BNY is considering the next steps. This could include a formal bid for the Northern Trust. However, people warned that consultations might not bring about a deal. Fiserv – The financial services company’s shares rose almost 3% after revealing plans to expand its presence in the Stablecoin space. The company plans to launch a Stablecoin and Digital-Asset platform for banking clients. They also attacked the Circle’s partnership with PayPal to promote these efforts. Circle’s stocks rose 18%, but PayPal won over 1%. Novo Nordisk, Hims & Hers – Drug stock has dropped by more than 5% after the latest results of the company’s next-generation obesity drug Cagrisema, suggesting that there is no clear advantage over Eli Lilly’s Zepbound. The company also announced that it has ended its collaboration with HIMS & HERS Health, citing compound interest and marketing concerns. HIMS stocks fell by more than 30%. Eli Lilly’s shares have moved forward nearly 1%. exelixis – The biotechnology company’s stock has risen by more than 8% after it announced that it had shown a “significant improvement in overall survival” in a phase 3 trial in patients with metastatic colorectal cancer, combined with Zanzarinnib, a next-generation cancer drug, and Roche’s Tecentrik. Spartannash – Food retail stocks rose 50% after C&S wholesale grocery store agreed to acquire Spartannash for $26.90 per share. All-Cash transactions are expected to close later this year. Trump Media – The parent company of President Donald Trump’s True Social Platform traded 1% higher after the board approved a share buyback program of up to $400 million. This comes after Trump Media raised $2.5 billion from institutional investors last month. Super Microcomputer – Stocks fell 7%. The company has announced a proposed $2 billion offer in a converted senior note scheduled for 2030. Oil Stocks – The energy company’s stock traded lower as crude prices weakened despite the US strike against Iran over the weekend. President Donald Trump called for “everyone” to lower oil prices. Conoco Phillips stocks slipped at less than 1%, while Marathon Oil held profits of less than 1%. APA Corp. Like oil services company Halliburton, stocks fell over 3%. Nuclear Power – Stocks related to nuclear energy, such as constellation energy, have risen after New York Gov. Kathy Hochul told the Wall Street Journal that he was considering building a new nuclear power plant in the state. Constellations stocks have risen almost 2%. Centrus and uranium energy also achieved 2% and 1%, respectively. ESTée Lauder – Cosmetics stock popped 2% behind Deutsche Bank upgrades. The bank currently has the highest price target on Wall Street for analysts voted by LSEG. Doordash – Food delivery companies moved 3% higher. Raymond James upgraded his shares from outperform to strong buys. The company said the possibility of synergy with Deliveroo, a British food delivery service that Doordash has acquired, is underestimated. RTX, Northrop Grumman, Kratos Defense and Security – Defense stocks were mixed on Monday after the US struck Iran’s nuclear facility. RTX’s stock was less than 1%, while Northrop Grumman added nearly 2% each. Military Technology Stock Kratos won over 3%. – CNBC’s Alex Hurling, Jesse Pound, Sarah Minh, Sean Conlon, Fred Imbard and Michelle Fox reported.
