Check out the companies making headlines in midday trading. Intel – The tech giant sank 7% after the revealing a $7 billion operating loss within its semiconductor manufacturing — or foundry – business in 2023. Spotify Technology – The music-streaming company popped more than 5%. Bloomberg reported that Spotify is upping prices for its premium subscription service within several markets, including the U.S. The hikes would mark the second time the company has raised prices in a year.
Cal-Maine posted $3 in earnings per share and $703 million in revenue for the latest quarter, while noting that market prices rose due to an influenza and typical seasonality. Disney – Disney shares slipped less than 1% as shareholders readied to vote on whether candidates nominated by activist investor Nelson Peltz should replace some board members at the entertainment giant's annual meeting, bringing an end to a bitter proxy battle.
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