Check out the companies making the biggest moves midday: Novo Nordisk — The Danish pharmaceutical company’s trial for Alzheimer’s disease failed to meet its main goal of slowing the disease’s progression. Shares tumbled nearly 6%. Inspire Medical Systems — The maker of an obstructive sleep apnea treatment will benefit from Friday’s decision by the Centers for Medicare & Medicaid Services to raise reimbursement rates for Outpatient Prospective Payment Systems and Ambulatory Surgical Centers, Stifel Financial said Sunday. Stifel upgraded Inspire to buy from hold and raised its price target 10% to $110. Shares jumped nearly 30% on the news. U.S. Foods — The food supplier rallied 7% after it scrapped a potential merger with Performance Food Group . U.S. Foods also reiterated its full year outlook and authorized a new $1 billion share buyback program. Tesla — CEO Elon Musk said on X that the electric vehicle maker is close to finalizing its latest artificial-intelligence chip, A15, and is starting work on A16, sending the stock 7% higher. Musk said Tesla’s goal is to bring a new AI chip design to volume production every 12 months. Alphabet — The Google and YouTube giant climbed 6% to another all-time high. Alphabet was the only ” Magnificent Seven ” stock that rose last week as investors continued to applaud the debut of the latest ver …
