Among the most significant market performers midday were shares of several companies, driven by varied catalysts including institutional investments, product developments, and strategic announcements. Lennar Corporation rose over 4% following Berkshire Hathaway’s disclosed purchase of 2.7 million shares. Amgen Inc. gained more than 3% after announcing positive phase 3 trial results for dazodalibep, a potential treatment for moderate-to-severe Sjögren’s disease. Grab Holdings Corporation increased by over 7% after CEO Anthony Tan acquired 10.4 million shares of the company. SoFi Technologies Inc. climbed 1% following the activation of stablecoin settlement across its debit and credit card platforms. Capri Holdings Ltd., owner of Michael Kors and Jimmy Choo, surged 7% after reports indicated discussions with potential buyers. Shopify Inc. shares rose nearly 7% as it announced plans to integrate Meta’s AI agent, Muse, to enable agentic checkout capabilities. Quest Diagnostics Inc. and Labcorp Holdings Inc. fell 5.3% and 3.6%, respectively, following a Centers for Medicare & Medicaid Services report highlighting Medicare’s higher payment rates compared to private insurers, prompting anticipated adjustments to align payments with private sector rates. Vicor Corporation increased 14% after projecting sequential quarterly revenue growth exceeding 20%, surpassing prior guidance. On Holding AG surged over 10% post-Investor Day, unveiling new midterm targets including CHF5.6 billion in net sales by 2029 and a 65% gross margin, alongside a $1 billion share repurchase program through December 2029. GameStop Corp. rose 4% after CEO Ryan Cohen purchased 1.2 million shares of the company.
