Check out the companies making the biggest moves in midday trading: Beer Stocks – Brewing stocks are trading lower as investors weigh the impact of US-European union trade deals. Some say the details aren’t too bad enough to be feared, but there are still concerns about consumer demand after Heineken said he expects sales to be high this year. The outlook for Dutch brewers has slipped over 2%, hurting shares in Anheuser-Busch and Molson Coors, which fell 5%. Heineken fell by 7%. Nike – Stocks added 4% after JPMorgan upgraded athletic shoe maker from neutral to overweight. Jpmorgan said Nike could recover in the coming years. Revvity – The biotech company’s stock has sank more than 10% after reducing its full-year guidance. Diagnostic researchers expect to earn between $4.85 and $4.95 per share, excluding one-off items. Tesla – Electric car maker added nearly 4%. CEO Elon Musk confirmed on Sunday that Tesla has signed a $16.5 billion chip agreement with Samsung Electronics. Energy Stocks – Many companies have flew after the European Union agreed to buy US energy worth $750 billion as part of a trade deal. Venture Global’s shares rose over 4%, new fortress energy by 5%, and Cheniere Energy and NextDecade rose by about 2%. Devon Energy has climbed over 3%. ASML, Stmicroelectronics – The US-registered stocks of European semiconductor equipment and semiconductor manufacturers have won about 3% in the US and EU trade agreements and Tesla’s Samsung agreement, respectively. ASML supplies the majority of the equipment used by Samsung. Stellantis – The stock of the Netherlands-based Chrysler and Jeep automaker slipped almost 5% after a US EU trade agreement that imposes a 15% blanket tariff on EU goods, including automotive products. The European Association of Automobile Manufacturers said collection will continue to have a negative impact on the industry. PagerDuty – Following a Reuters report, cloud computing providers surged 8% following reports that they are investigating potential sales after receiving buyer interest. Cisco Systems – The manufacturer of computer networking equipment lost nearly 2% in line from outperform after downgrading in Evercore. Investment banks said Cisco’s advantages are now primarily priced at the stock price. The stock rose 2% after an upgrade from peer performance at Texas Instruments – Wolfe Research to outperform performance. The company said a cyclical recovery will be ahead at the end of its multi-year capital expenditure cycle. – Reported by CNBC’s Michelle Fox, Alex Hurling, Sean Conlon and Pier Singh.