Check out the companies making headlines in midday trading Friday.
Ambac Financial GroupBank of America
TeslaTwitterreviving his high-profile plans to purchase Twitter. Tesla fell 6.1%, while Twitter lost 0.2%. On Thursday, a judge said Musk needs to complete his purchase by Oct. 28 to avoid a trial.
Credit Suissebuy back $3 billion in debt securities Friday and sell a famous hotel it owns. It marks another day of tumult for shares of the stock – which hit an all-time low earlier in the week – as market observers questioned the bank’s health.
Appleyanked plans to increase production.
Cannabis companies – Shares of cannabis companies were all down, after initially soaring on news that President Joe Biden wants a review of how marijuana is classified under federal law. Biden also announced he’ll pardon thousands convicted of marijuana possession. Tilray BrandsCanopy GrowthAurora CannabisCronos Group
Advanced Micro Devicesdisappointing preliminary results for the third quarter and said it expects revenue to fall short of its previous $6.7 billion dollar forecast. AMD blamed the shortfall on weakening PC demand and supply chain constraints. Shares of other chip companies including IntelNvidia
— CNBC’s Samantha Subin, Michelle Fox, Carmen Reinicke, Tanaya Macheel and Yun Li contributed reporting