Midday trading is seeing a few companies trending. Tesla shares dipped by nearly 3% following the announcement of Zach Kirkhorn leaving his role as CFO, and Vaibhav Taneja taking over as CFO/Chief Accounting Officer. On the other hand, BioNTech's U.S. stocks lost 9.1%, as their revenue for Q2 only came to 168 million euros, falling short of the 672 million euros expected by Refinitiv. Tyson Foods reported a miss in their fiscal third-quarter earnings, leading to a 6% drop in their stocks. Berkshire Hathaway's Class A and B stocks rose 3% and 3.4%, respectively, to an all-time high, as investors reacted favorably to a strong quarter and its near-record cash flow. Viatris, a pharmaceutical company, obtained a 6.6% boost in their stocks after they reported an earnings beat, with revenue coming out to 3.92 billion, higher than StreetAccount's prediction of 3.86 billion. The acquisition of Sovos Brands by Campbell Soup pushed up Sovos shares by 25%, while Campbell Soup's stocks decreased 1.3%, hitting its lowest share price in over a year. PayPal stock rose 2% on the launch of their first stablecoin, PayPal USD, backed by the U.S. dollar. Meanwhile, Palantir Technologies' stocks dropped 5% ahead of their second-quarter results, with FactSet expecting 5 cents per share on $534.2 million in sales. Cinemark stocks rose 1.7% following a Morgan Stanley upgrade, as the success of blockbusters "Barbie" and "Oppenheimer" could potentially increase the stock up to 35%. — CNBC's Yun Li, Alex Harring and Samantha Subin contributed reporting.
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