Take a look at the businesses making headlines in noon buying and selling. Biogen — The biotech’s inventory tumbled greater than 4% after the corporate warned it will must take a $222 million pretax cost within the fourth quarter. The corporate stated the cost, which incorporates research-and-development bills and milestone funds, will decrease its web revenue by about $1.26 per share. Journey.com — The corporate’s inventory plunged 17% after Reuters reported that Chinese language market regulators are investigating the journey web site. Journey shares — Shares of travel-related shares confirmed broad weak spot on Wednesday, together with Airbnb , which fell greater than 5%. Along with a possible China crackdown, an trade group reported that 6% fewer international vacationers visited the U.S. in 2025. The World Journey and Tourism Council stated that development occurred whilst world tourism spending rose, in response to Reuters. Reserving was down 4%, whereas Expedia fell 5%. Rivian — Shares of the electrical car producer slid greater than 8% after UBS downgraded Rivian to promote from impartial. Analyst Joseph Spak famous that whereas the market has been enthusiastic over the corporate’s synthetic intelligence potential, “a lot of the AI associated information is ‘out.'” He additionally stated that whereas his workforce likes the brand new Rivian R2 SUV, expectations could also be too excessive. Intuitive Surgical — Shares fell almost 4% as the corporate forecast its da Vinci surgical robots would carry out fewer procedures than analysts have been anticipating in 2026. The forecast got here because it reported preliminary fourth-quarter income that was higher than anticipated. Intuitive expects income of $2.87 billion, topping the $2.72 billion estimate from analysts polled by FactSet. AppLovin — Shares of the advertising and marketing platform fell greater than 9% though Evercore ISI initiated protection of AppLovin at outperform. Evercore has a $835 value goal on the inventory. Netflix — Shares fell 2%. Netflix is making ready an all-cash $72 billion bid for Warner Bros. Discovery’s studios and HBO Max, CNBC’s David Faber confirmed Wednesday . Bloomberg first reported particulars of the supply on Tuesday, citing folks accustomed to the matter. Wells Fargo — Shares fell greater than 5% after the financial institution reported weaker-than-expected income for the fourth quarter. The corporate’s prime line got here in at $21.29 billion, beneath an LSEG estimate of $21.65 billion. Web curiosity revenue of $12.3 billion was additionally beneath estimates. Wells Fargo shares have risen almost 25% over the previous 12 months. Financial institution of America — The financial institution’s shares fell 5% regardless of reporting better-than-expected outcomes for the fourth quarter. The corporate earned 98 cents per share on income of $28.53 billion. Analysts anticipated a revenue of 96 cents per share on income of $27.94 billion. Stronger-than-anticipated web curiosity revenue drove the beat. Financial institution of America inventory is up about 13% over the previous 12 months. Citigroup — Shares fell greater than 4% after the financial institution reported adjusted earnings of $1.81 per share on $21 billion in income for the fourth quarter. Analysts polled by LSEG anticipated a revenue of $1.67 per share on $20.72 billion in income. Citigroup shares have risen greater than 50% over the previous 12 months. — CNBC’s Fred Imbert, Darla Mercado and Itzel Franco contributed reporting
