Check out the companies making headlines in midday trading.
Biogen — The biotech’s stock tumbled more than 4% after the company warned it would need to take a $222 million pretax charge in the fourth quarter. The company said the charge, which includes research-and-development expenses and milestone payments, will lower its net income by about $1.26 per share.
Trip.com — The company’s stock plunged 17% after Reuters reported that Chinese market regulators are investigating the travel website.
Travel stocks — Shares of travel-related stocks showed broad weakness on Wednesday, including Airbnb, which fell more than 5%. In addition to a potential China crackdown, an industry group reported that 6% fewer foreign travelers visited the U.S. in 2025. The World Travel and Tourism Council said that trend occurred even as global tourism spending rose, according to Reuters. Booking was down 4%, while Expedia fell 5%.
Source: https://www.cnbc.com/2026/01/14/stocks-making-the-biggest-moves-midday-biib-rivn-bac-abnb.html