Check out the companies making headlines in midday trading. Nvidia — The chipmaker climbed 4% and reached an all-time high after Goldman Sachs increased its price target to $800 per share from $625. Catalent , Novo Nordisk — The contract drug manufacturer climbed about 10% on the back of an agreement to get taken over by Novo Holdings. The all-cash deal, which is slated to close in late 2024, offers $63.50 per share. Novo Nordisk stock added more than 3%. McDonald’s — Shares fell 4% after the fast-food chain reported a revenue miss in the prior quarter. McDonald’s posted adjusted earnings of $2.95 per share on $6.41 billion in revenue. Analysts had expected earnings of $2.82 per share and $6.45 billion in revenue, according to LSEG, formerly known as Refinitiv. Management cited the Middle East conflict for the fall in revenue. Snap — The social media stock slid more than 3% after Snap on Monday said it would lay off 10% of its workforce, or about 500 employees. Eli Lilly — The pharmaceutical company gained nearly 5% ahead of quarterly results due Tuesday. Analysts polled by FactSet forecast earnings of $2.30 per share on $8.9 billion in revenue for the fourth quarter. Data from the U.S. Food and Drug Administration’s website is also showing a shortage of the company’s antidiabetic treatment Mounjaro, indicating strong demand for the drug. On Tuesday, the company is expected to provide updates on the launch of its obesity treatment Zepbound. Boeing — Shares of the aerospace giant dipped almost 2% after Boeing said it had found a new quality issue on some undelivered 737 Max planes, which could delay the delivery of about 50 of the vehicles. Tyson Foods — The food processor rose 2% after reporting strong financial results for its most recent quarter. The company posted adjusted earnings of 69 cents per share on revenue of $13.32 billion. Analysts had expected earnings of 41 cents per share on revenue of $13.27 billion, according to LSEG. Caterpillar…
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