Check out the companies making the biggest moves midday: Diabetes tech stocks — The Centers for Medicare & Medicaid Services is proposing a rule change that could change the reimbursement rates for continuous glucose monitors and insulin pumps. The news sent shares of diabetes tech stocks lower. Tandem Diabetes Care and Beta Bionics tumbled 4% and 6%, respectively, while Dexcom shares shed nearly 4%. Insulet shares were also down 4%. Progress Software — The business application software maker tumbled 11% after reporting mixed second-quarter results. Revenue came in at $237.4 million, shy of the $237.5 million consensus estimate, per FactSet. Its adjusted earnings were $1.40 per share, above the $1.30 per share expected from analysts. GE Vernova — The energy equipment maker’s stock fell 7% on the heels of a report that the company was considering a potential sale of Proficy, its industrial software business. GE Vernova is working with financial advisors and reaching out to publicly traded companies and private equity firms, Bloomberg reported , citing people familiar with the matter. Tesla — The electric vehicle maker lost 5% after President Donald Trump suggested that the Department of Government Efficiency look at subsidies for Tesla CEO Elon Musk ‘s com …
