Discover the companies making headlines in midday trading. Tesla – Shares fell 2.8% after an internal memo said the electric vehicle maker is planning to lay off more than 10% of its global workforce. “As we prepare the company for our next phase of growth, it is extremely important to examine every aspect of the company to reduce costs and increase productivity,” CEO Elon Musk said in the statement. Tesla had nearly 141,000 employees as of December 2023. Goldman Sachs — Shares rose 3.4% after the investment bank beat Wall Street’s first-quarter earnings expectations, reporting a 28% jump in profits to $4.13 billion compared to the same period last year, thanks to a rebound in capital market activity. Goldman reported earnings of $11.58 per share on revenue of $14.21 billion for the period, while analysts polled by LSEG had expected earnings of $8.56 per share on revenue of $12.92 billion. dollars. Logitech – Shares tumble 6.4% after Morgan Stanley downgraded the computer peripherals stock to Underweight, saying the market is “mispricing” the company’s “future growth algorithm.” Analyst Erik Woodring expects annual revenue growth of just 3% through fiscal 2027, which is below consensus. Salesforce – The customer relationship management software stock fell more than 5%, becoming the biggest loser in the Dow Jones Industrial Average, after the Wall Street Journal reported that the company is in advanced talks to acquire the vendor of Informatica data management software. Masimo — Shares rise 1.6% after getting an upgrade to buy from Hold at Stifel. The company expects a return to single-digit growth and a trajectory of steady margin expansion for the healthcare technology company. Reddit — Shares fell more than 5% after Wall Street firms began covering the stock following its public debut last month. Morgan Stanley began coverage on the social media platform with equal weight, saying the shares are already trading at fair value. JPMorgan and Goldman Sachs gave Reddit a neutral rating. Others were more bullish on the stock: Deutsche Bank called Reddit a buy, while Raymond James said the social media stock is a strong buy. Medical Properties Trust – Shares jumped nearly 20% after the real estate investment trust said it would sell majority stakes in five Utah hospitals to a new joint venture for a total of $886 million. Trump Media & Technology Group — Trump Media shares fell more than 15% after the company filed to issue up to 21.5 million shares. Since the company, which created the Truth Social app, began trading on March 26, its stock price has fallen more than 62%, from an opening price of nearly $71 to about $27 on Monday . Coupang — The South Korea-based e-commerce company advanced 3.6% following an upgrade to buy from neutral at Citi. The bank believes there is still room to expand Coupang’s margins as the company raises subscription fees, anticipating little resistance from customers thanks to its strong delivery service. Snap One, Resideo Technologies – Snap One shares jumped 30% after the smart living products provider said it will be acquired by Resideo Technologies, a home automation company, in a deal worth about 1, $4 billion, or $10.75 per share in cash. Residenza fell by 3.6%. Charles Schwab — The online brokerage and money manager gained 2.8% after posting mixed first-quarter results. Schwab reported earnings of 74 cents, matching an LSEG estimate, while revenue came in at $4.74 billion, slightly higher than analysts’ consensus forecast of $4.71 billion. – CNBC’s Yun Li, Lisa Kailai Han, Sarah Min and Michelle Fox contributed reporting.