Check out the companies making headlines in the midday trading: Tesla – Electric car company stocks fell 3% after sales in several European markets in May. Reuters reported that Tesla had fallen in sales in Sweden, France, Spain, Denmark and the Netherlands, but increased due to improved Model Y. ad inventory in Norway. Advertising stock went down on Monday. Omnicom Group’s shares lost 4%, while WPP and Interpublic each went 2%. Steel Stocks – Steel stocks were high after President Donald Trump doubled the import tariff rate to 50%. Cleveland Cliffs surged by more than 24%, while Nucor and Steel dynamics rose by 10% each. BluePrint Medicines – Shares skyrocketed 26% after Biopharmaceutical Company agreed to be acquired by Sanofi for $129 in a deal worth around $9.5 billion. Sanofi’s stock was slightly lower. Sports Betting Stocks – Online Sports Betting Stocks have been a hit after Illinois legislators passed a budget that includes tax increases. DraftKings fell by more than 5%, while Flutter Entertainment and Rush Street Interactive skid over 3% and 1% respectively. The Roundhill Sports Betting & Igaming ETF (Betz) fell 1.6%. Auto Stocks – Automaker stocks slipped after Trump doubled steel tariffs. General Motors and Ford fell almost 5%, while Stellantis fell 3.5%. BIONTECH – 18% of the stakes are jointly developed and developed with partners in a multi-billion dollar agreement with Bristol Myers Squibb. The transaction includes $1.5 billion in advance. Applied Digital – Digital Infrastructure Company’s shares rose more than 40% after signing two 15-year lease agreements with Nvidia-backed cloud service provider CoreWeave. Applied Digital expects to generate $7 billion in total revenue from its lease over a 15-year period. CoreWeave jumped about 6% on the news. – CNBC’s Alex Hurling, Yun Lee, Michelle Fox, Lisa Kailay Han and Jesse Pound reported.
TSLA, BNTX, DKNG, STLD, etc.
