Check out the companies making the biggest moves in midday trading: Texas Pacific Land — Shares of the large Texas landowner jumped 8% after it struck a deal with Bolt Data & Energy to develop large-scale data center campuses on properties owned by Texas Pacific Land. Jabil — The electronics firm fell about 2%, however, the stock initially popped about 5% after it issued an upbeat forecast. Jabil said it is benefiting from the demand for AI data centers. Year to date, Jabil shares have gained more than 45%. Oracle — Shares of the cloud computing giant fell about 6% after a Financial Times report said Blue Owl won’t be supporting Oracle’s plans for a $10 billion data center in Michigan. Coursera , Udemy — Shares of the online learning platforms popped after Coursera agreed to buy Udemy . The deal values the combined company at $2.5 billion. Udemy shareholders will receive 0.8 shares of Coursera stock per share. Coursera shares gained 3%, while Udemy shares added 21%. 8Hut — The crypto mining and energy stock surged 11% after the company announced a partnership with Anthropic and Fluidstack to develop infrastructure for AI. Brown-Forman — The parent of spirits brands such as Jack Daniel’s and Woodford Reserve fell nearly 5% after the stock was downgraded to sell from neutral at Citigroup. The firm said the stock’s recent outperformance is overdone given the challenges in the category. Although Brown-Forman shares are down nearly 24% year to date, shares had added about 6% over the past three months. Dbv Technologies — U.S.-listed shares of the French pharmaceutical firm jumped more than 20% after announcing positive results from its Phase 3 trial of treatment for peanut allergies in children ages 4 to 7. Warner Bros. Discovery , Netflix , Paramount Skydance — Warner Bros. Discovery’s board unanimously recommended that shareholders reject Paramount Skydance’s takeover bid and stick with Netflix’s proposal, which they called “superior.” Netflix shares ticked higher by 2%. Warner shed 1%, while Paramount fell 5% Lennar — The homebuilder shed 5% after its first-quarter guidance disappointed investors. Lennar expects 17,000 to 18,000 for deliveries in the quarter and homebuilding gross margin of 15% to 16%, falling short of analysts’ estimates, according to Street Account. Fourth-quarter revenue, however, topped expectations. Frontier Group — The airline gained 3% after Bloomberg News reported it is in discussions to merge with Spirit Aviation . Spirit’s stock jumped 15%. General Mills — The food company known for Cheerios and other popular brands rose 3% after its latest earnings results. Second-quarter exceeded expectations with adjusted earnings of $1.10 per share on revenue of $4.86 billion. Analysts polled by LSEG had expected per-share earnings of $1.03 on revenue of $4.78 billion. Lithium stocks — Lithium prices soared in China after the government announced plans to revoke mining licenses, sending miners stocks higher. Albemarle and Sociedad Quimica y Minera de Chile each rose about 5%. Lithium Argentina gained 4%. Recursion Pharmaceuticals — The clinical-stage TechBio company popped almost 16% following an upgrade at JPMorgan to overweight from neutral. The firm cited Recursion’s artificial intelligence pipeline for the call. It also upped its price target to $11 per share, implying 162% upside from Tuesday’s close. — CNBC’s Michelle Fox, Fred Imbert and Sarah Min contributed reporting.
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