Check out the companies making the biggest moves midday: CSX — the railroad operator rose more than 3% after it named Steve Angel chief executive , replacing Joe Hinrichs. The management shake-up follows pressure by activist investor Ancora Holdings, which criticized declining efficiency at CSX and pushed for the company to consider mergers and acquisitions as the industry consolidates. Merus — The biotech company popped 36% after it agreed to be acquired by Denmark-based Genmab for $8 billion, or $97 per share , in cash. The deal is expected to close in the first quarter of 2026. Pony AI — The Chinese autonomous vehicle tech company surged 9% after Citi initiated coverage of the stock with a buy rating and a price target that signaled 37% upside from Friday’s close. Citi said China’s “robotaxi sector is at an inflection point.” Galaxy Digital — The digital asset and cryptocurrency company surged almost 10% after agreeing to invest in K Wave Media as part of plan to launch an entertainment tokenization platform with backing from Korean IP companies. Electronic Arts — Shares rose 4.8% after a consortium of investors led by Jared Kushner announced it had struck a $55 billion deal to acquire the videogame maker and take it private, confirming earlier reports. Cannabis stocks — The group surged after President Donald Trump posted a video on Truth Social touting the benefits o …
