Check out the companies making headlines in midday trading.
Franklin Resources — Shares of the asset manager jumped 12% after the company reported better-than-expected quarterly earnings. Franklin Resources also announced that it agreed to acquire private equity firm Lexington Partners for $1.75 billion.
Align Technology — The clear braces maker popped nearly 6% after the company announced a $100 million accelerated share repurchase program. The stock is up about 23% this year.
Moderna — Shares dropped more than 4% after the drugmaker said the Food and Drug Administration needs more time to review its Covid-19 vaccine for 12-to-17-year-olds before granting emergency use authorization. The agency is specifically studying the risk of
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