Check out the companies making headlines in midday trading: Rivian Automotive \u2014 The stock surged more than 20% following the announcement that the electric vehicle startup secured a $5 billion investment from Volkswagen Group. Volkswagen’s initial investment will be $1 billion in the form of a convertible note, with the additional $4 billion expected by 2026. Shares of fellow EV startup Lucid rose nearly 5% in sympathy. FedEx \u2014 Shares of the company moved more than 14% higher after topping Wall Street’s fiscal fourth-quarter expectations . The shipping giant earned $5.41 per share, after adjustments, on $22.11 billion in revenue. Analysts polled by LSEG were expecting earnings of $5.35 per share and revenue of $22.07 billion. The company’s fiscal 2025 forecast was roughly in line with estimates. Whirlpool \u2014 Shares soared nearly 15% after Reuters, citing people familiar with the matter, reported Bosch is considering making an offer for the appliance manufacturer. Aptiv \u2014 Shares of the automotive technology company plunged 10% following Piper Sandler’s downgrade of the stock to underweight from neutral . The firm slashed its price target to $63, which implies a 14% drop from Tuesday’s close, and said the joint venture between Rivian and Volkswagen points to less reliance on companies such as Aptiv for electrical architecture. General Mills \u2014 The consumer food stock slipped about 5% after posting a mixed fiscal fourth-quarter earnings report. The company earned $1.01 per share, excluding items, on revenue of $4.71 billion, while analysts had expected per-share earnings of 88 cents on revenue of $4.85 billion. The firm’s revenue forecast for fiscal year 2025 also fell short due to cost pressures. Paychex \u2014 Shares of the company fell around 5% despite posting better-than-expected fiscal fourth-quarter earnings. Paychex posted adjusted earnings of $1.12 per share, which is above the $1.10 earnings per share that analysts polled by LSEG were expecting. Revenue was in line with expectations at $1.3 billion. Tesla \u2014 The EV maker’s stock rose 3% after Stifel initiated coverage of the stock with a buy rating. The firm cited the revamping of Tesla’s Model 3 and Model Y as well as the start of production on its next-generation Model 2 vehicle as catalysts. Its price target of $265 implies 41.4% upside from Tuesday’s close. Grindr \u2014 Shares jumped 15% after the LGBTQ+ dating app laid out a multiyear plan at its first investor day to expand functionality through the use of artificial intelligence. Grindr also said it expects between 20% and 25% in annual revenue growth through 2027. For this year, revenue should grow at least 25%, which was slightly better than expected. Vista Outdoor \u2014 Shares of the Remington ammunition maker jumped more than 10% after MNC Capital Partners raised its buyout offer to $42 a share in cash, totaling about $3.2 billion. The $42 buyout offer is 24% above Tuesday’s close. Campbell Soup \u2014 Shares popped 3% after JPMorgan upgraded Campbell Soup to overweight from neutral , saying the food company’s acquisition of Rao’s parent Sovos Brands is a bullish development. \u2014 CNBC’s Alex Harring, Lisa Kailai Han, Scott Schnipper, Sarah Min and Michelle Fox contributed reporting.<\/span><\/span><\/span><\/span><\/p>\n<\/div>\n<\/div>\n Source: www.cnbc.com<\/p>\n","protected":false},"excerpt":{"rendered":" Check out the companies making headlines in midday trading: Rivian Automotive \u2014 The stock surged more than 20% following the announcement that the electric vehicle startup secured a $5 billion investment from Volkswagen Group. Volkswagen’s initial investment will be $1 billion in the form of a convertible note, with the additional $4 billion expected by…<\/p>\n","protected":false},"author":1,"featured_media":81389,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"WB4WB4WP_MODE":"","WB4WP_PAGE_SCRIPTS":"","WB4WP_PAGE_STYLES":"","WB4WP_PAGE_FONTS":"","WB4WP_PAGE_HEADER":"","WB4WP_PAGE_FOOTER":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[78],"tags":[],"class_list":["post-81388","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\n