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Mission Produce, Nutanix, Alphabet, Tesla and more


A Tesla sales and service center is on display in Vista, California, June 3, 2022.

Mike Blake | Reuters

Check out the companies making headlines during Friday’s midday trading session.

Energy – Energy stocks outperform on S&P 500 after oil price rally, spiked on Friday on expectations of a drop in Russian crude supplies. Shares of Halliburton, Devonian energy, letter V and Marathon Oil increased by more than 2% each.

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Alphabet – Technology shares jumped more than 1% after the National Football League said on Thursday that it Subscription “Sunday Ticket” will be transferred to YouTube subsidiary starting next season.

biological Biotech shares fell slightly after Biogen’s Japanese partner, Eisai, said a third person had died during a trial of their experimental Alzheimer’s treatment, confirming Reuters report.

Carnival, Norwegian Cruise Line – Cruise line companies slumped as recession fears weighed on consumer discretionary stocks, which were among the three worst-performing sectors in the S&P 500. Carnival shares fell more than 4%, while Norwegian Cruise Line fell more than 2%. .

Tesla – Shares of the electric vehicle maker fell 2% after CEO Elon Musk said he would stop selling any more Tesla shares over the next 18 to 24 months. Over the past year, Musk has sold about $39 billion in stock.

Company 3M 3M fell 1.6 percent after a U.S. judge barred the company from transferring liability to a subsidiary for injuries to military members caused by allegedly faulty earplugs. The judge said 3M deserved “the most severe punishment” for its “unfaithful” attempt to transfer liability, Reuters reported.

Nutanix Nutanix shares fell more than 5% after Dealreporter reported that Hewlett Packard Enterprise had halted negotiations to acquire the cloud computing company. Hewlett Packard confirmed in a statement to CNBC that “there are currently no discussions with Nutanix.”

production duty — Shares of the avocado producer fell more than 14% after the company reported financial results for its most recent quarter. It posted lower-than-expected profit and revenue as the increased volume was not enough to offset the drop in avocado prices.

— CNBC Tanaya Macheel and Michelle Fox contributed reporting.

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