Check out the companies making headlines in midday trading. GameStop — GameStop fell nearly 15% after the video game retailer reported lower revenue in the fourth quarter than a year ago. The company also said it eliminated an unspecified number of roles to reduce costs. Merck – Merck jumped 4% after the U.S. Food and Drug Administration on Tuesday approved its drug to treat a life-threatening lung disease. Carnival – Shares fell 2% after the cruise operator reported first-quarter revenue of $5.41 billion, lower than the $5.43 billion expected by analysts surveyed by LSEG, formerly known as Refinitiv. However, Carnival reported an adjusted loss per share of 14 cents, better than analysts expected. Full-year guidance is in line with estimates. Cintas — Shares jumped 10% after the company posted better-than-expected quarterly results for its fiscal third quarter. Gross margins also increased 14.9% year-over-year. Cintas raised its full-year earnings and revenue forecasts. Reddit — Social media shares tumbled 13%. Reddit shares rose 9% on Tuesday, building on a post-IPO rally after debuting on the New York Stock Exchange last week. Marvell Technology — Marvell Technology gained 5% after Citi opened a positive catalyst on the semiconductor stock, saying buying chip stocks ahead of AI presentations paid off. Robinhood — Shares of the brokerage firm rose more than 2% after announcing a new product. The biggest new addition is the Robinhood Gold Card, a credit card with high cash rewards that can be deposited into a customer’s brokerage account. Deutsche Bank – Shares rose 3.4% on the back of Morgan Stanley’s upgrade to overweight. Morgan Stanley said the German bank can add to the impressive gains it has already seen this year. General Electric – General Electric gained 3% after Wells Fargo reiterated its Overweight rating on the stock and raised its price target to $200. Wells Fargo cited cost cuts as a potential benefit for the stock. Concentrix — Shares gained 5% after the customer experience technology platform reported first-quarter revenue that beat estimates and reaffirmed its guidance for the year ended in November. Concentrix posted first-quarter revenue of $2.40 billion, better than FactSet’s consensus estimate of $2.38 billion. Coinbase — Shares fell more than 2% after a judge ruled that the U.S. Securities and Exchange Commission’s claim that Coinbase operates as an exchange could be heard by a jury at trial. The SEC sued Coinbase in June. The company subsequently moved to have that lawsuit dismissed. Moderna — Pharmaceutical stocks rose 1.5% after announcing the passage of three vaccines to the final phase of trials. Trump Media & Technology Group – Shares of former President Donald Trump’s social media company and parent company Truth Social rose more than 16%, adding to strong gains since their debut under the ticker DJT on Tuesday. nCino — Cloud stock rose 17% on better-than-expected fourth-quarter earnings. The company also reported a 13% increase in revenue compared to the same period last year. – CNBC’s Alex Harring, Hakyung Kim, Michelle Fox, Tanaya Macheel, Jesse Pound, Brian Evans and Sarah Min contributed reporting.