Check out the companies making the biggest moves midday: Scholar Rock — The Cambridge, Massachusetts-based biotech jumped 23% after saying it ” completed constructive and collaborative in-person Type A meeting ” with the FDA on Wednesday for a biologics license application for apitegromab, a spinal muscular atrophy treatment. Officials from Novo Nordisk’s Catalent Indiana joined the meeting and said the facility will be ready for reinspection by the end of 2025. Strategy — The crypto stock was down about 1%, well off the lows seen earlier in the day. CEO Michael Saylor said on CNBC’s “Squawk Box” that the bitcoin holder is buying “quite a lot” of the cryptocurrency at current levels. Bitcoin briefly dropped to $95,000 earlier on Friday. Figure Technology Solutions — Shares surged 20% after the lending platform reported better-than-expected earnings in the third quarter. The company posted earnings per share of 34 cents, excluding certain items, on revenue of $156.4 million. Analysts surveyed by FactSet anticipated a profit of 16 cents, excluding certain items, on revenue of $119.4 million. Whirlpool – The appliance maker jumped 4.8% after David Tepper’s Appaloosa disclosed a significant expansion of its stake in the company. Whirlpool rose to become the fund’s third-largest holding at more than $430 million. Nu Holdings — The Brazil-based digital banking company rose more than 4% on better-than-expected third-quarter results. Net income totaled $782.7 million on revenue of $4.17 billion. Analysts expected a profit of $774.8 million on revenue of $3.52 billion, per FactSet. Vertiv — The data center infrastructure stock gained 6% after the company hiked its quarterly dividend by 67% to 6.25 cents per share. Topgolf Callaway — Shares popped 6% after The Wall Street Journal reported, citing sources, that the company was in talks to sell Topgolf to Leonard Green, a private equity firm, for around $1 billion. Cidara Therapeutics — Shares of Cidara surged 103% after Merck agreed to buy the company for close to $9.2 billion in cash. Merck fell 1%. Avadel Pharmaceuticals — Danish drugmaker Lundbeck offered to acquire the pharmaceutical company for as much as $23 per share, topping biotech firm Alkermes’ earlier bid, sending Avadel 19% higher. Warner Bros. Discovery — The HBO and CNN parent rose 3% after the Wall Street Journal reported that Paramount Skydance , Netflix and Comcast are preparing bids for the media company. Warner Bros. Discovery has an initial deadline for first-round bids of Nov. 20, the Journal said, citing sources familiar with the matter. Walmart — The nation’s largest retailer fell 1% after CEO Doug McMillon said he would step down, effective Feb. 1, to be succeeded by John Furner. Big Tech — The group tried to rebound from steep declines seen earlier in the session, as concerns around AI stock valuations persist. Alphabet was down 0.1% but well off its lows of the day. Nvidia , Palantir and Tesla were higher along with Meta . StubHub — The ticket vendor slumped 19% after reporting a third-quarter net loss of $1.33 billion , or $4.27 per share, compared to a net loss of $45.9 million, or 15 cents per share at the same time last year. StubHub blamed a one-time stock-based compensation charge. CEO Eric Baker said during a conference call that the company would not provide guidance for the current quarter. — CNBC’s Alex Harring, Liz Napolitano, Scott Schnipper and Michelle Fox contributed reporting.
