Here’s a look at the companies making headlines in midday trading: Intuitive Machines – Shares of Intuitive Machines soared 38.3% after the space exploration company secured an estimated $5 billion in space networking contracts from NASA. US Steel Corp. – Shares of the U.S. steelmaker rose 1.5% after reports that a U.S. security panel has approved Nippon Steel’s resubmission of plans to acquire the company for $14.1 billion. The move may be an effort to push decisions on politically controversial acquisitions after November’s presidential election. Victoria’s Secret — Shares of the lingerie maker rose 3.5% after Barclays upgraded the stock to equal weight from underweight, citing a better risk/reward balance. The bank now sees room for more than 6% upside in the stock. VF Corporation — shares rose 3.9% after Barclays upgraded the stock to overweight from equal. The investment firm said VF Corp should begin to see the benefits of last year’s CEO change this fall. Medical Properties Trust — Medical Properties Trust fell 4.8% after it said it expects to take about $430 million in additional impairments in the fiscal third quarter after reaching a settlement with tenant Steward, which filed for Chapter 11 bankruptcy. fell 3.1%, hitting a new 52-week low after the B2B rental company terminated its merger with WillScot Holdings. Under the terms of the agreement, McGrath will receive a $180 million termination fee. ResMed — Shares of ResMed, whose devices treat obstructive sleep apnea, fell 5.1% after Wolfe Research downgraded the company to underperform from peer rating. The company expects revenue growth to slow due to increased competition from Eli Lilly and Company’s GLP-1 drug. Casella Waste Systems — The recycling company announced a $400 million public offering of Class A common stock, sending its shares down 5.8%. —CNBC’s Sean Conlon, Michelle Fox, Lisa Han, Yun Li, Jesse Pound and Pia Singh contributed reporting.
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