Check out the companies making headlines in midday trading:



a car parked in a parking lot: Tesla vehicles are displayed in a Manhattan dealership on September 08, 2020 in New York City.


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Tesla vehicles are displayed in a Manhattan dealership on September 08, 2020 in New York City.

Bristol-Myers Squibb — Shares of the pharmaceutical company rose 1.2% after it announced positive interim results from a phase three trial of an immunotherapy drug for bladder cancer patients. The company said it will continue the trial to collect more data.

General Mills – Shares of General Mills gained 2% after Credit Suisse upgraded the cereal and snack maker to outperform from neutral following the company’s better-than-expected earnings. The bank said General Mills will be able to retain more consumers than many of its peers in the food category.

Royal Caribbean, Carnival, Norwegian Cruise Line – Shares of cruise operators jumped on Friday after Barclays

to overweight from equal weight. The Wall Street firm said the worst is

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Awilhelmsen Group, one of three founders of Royal Caribbean, sold 2 million shares of the cruise line on Aug. 24 and 25 for a total of $126.9 million. The sale cuts the investment firm’s stake to 8.6% from 9.6%.


Courtesy of Royal Caribbean


Royal Caribbean Group

stock has tumbled this year, and a founding partner in the cruise line sold a large block of stock.

Royal Caribbean stock (ticker: RCL) has lost 46% of its market value year to date through Friday’s close, and that includes a 43% rally so far in the third quarter. By contrast, the

S&P 500 index,

a broad measure of the market, sports a 6.1% year-to-date gain, and has risen 10.5% so far in the third quarter.

Oslo-based Awilhelmsen Group, one of three founders of Royal Caribbean, sold 2 million shares of the cruise line on Aug. 24 and 25 for a total

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