12:03 PM EDT, 05/06/2024 (MT Newswires) -- All three major Wall Street indexes were up in late-morning trading after Friday's jobs report raised hopes of potential Federal Reserve rate cuts this year.

In company news, BioNTech (BNTX) reported a Q1 loss Monday of 1.31 euros ($1.41) per diluted share, swinging from EPS of 2.05 the prior-year period. Analysts polled by Capital IQ expected a per-share loss of 1.53 euros. First-quarter total revenue was 187.6 million euros, down from 1.28 billion euros a year earlier and below the Capital IQ consensus analyst estimate of 372.3 million euros. The company reiterated its full-year 2024 outlook, saying it expects total revenue of 2.5 billion euros to 3.1 billion euros. Analysts polled by Capital IQ expect 2.79 billion euros. Shares of the company were trading down 0.1%.

Tyson Foods (TSN) reported fiscal Q2 adjusted EPS Monday of $0.62 per share, swing from a per-share loss of $0.04 the year before and above the Capital IQ consensus analyst estimate of $0.40. Sales for the quarter were $13.07 billion, down from $13.13 billion last year and below the Capital IQ consensus analyst estimate of $13.16 billion. The company continues to expect sales to "relatively flat" for fiscal year 2024 compared to fiscal year 2023. Tyson shares were down 7.7%.

Robinhood Markets ( HOOD ) said in a Monday filing that its Robinhood Crypto LLC unit received a Wells Notice on Saturday from the staff of the US Securities and Exchange Commission stating that it made a "preliminary determination" to recommend an enforcement action against the subsidiary for allegedly violating Sections 15(a) and 17A of the Securities Exchange Act of 1934, as amended. Robinhood shares were up 0.8%.

Synopsys (SNPS) announced Monday it has agreed to sell its Software Integrity Group business to Clearlake Capital Group and Francisco Partners in a deal with a total value of up to $2.1 billion, including up to $475 million in cash payable upon Francisco Partners and Clearlake achieving a specified rate of return in connection with one or more liquidity transactions. Shares of the company were up 0.4%.

Bristol-Myers Squibb (BMY) said Monday that separate applications for Opdivo have been accepted by the US Food and Drug Administration and the European Medicines Agency, respectively. The FDA has accepted the biologics license application for the subcutaneous formulation of Opdivo co-formulated with Halozyme's recombinant human hyaluronidase. Meanwhile, the EMA has validated the type 2 application for Opdivo plus Yervoy to treat adults with microsatellite instability-high or mismatch repair deficient metastatic colorectal cancer, Bristol-Myers said. Bristol-Myers shares were up 0.1%.

Shell (SHEL) is in talks to sell its gas station business in Malaysia to Saudi Aramco in a deal that could be worth up to $1 billion, Reuters reported Monday, citing four industry sources aware of the discussions. The deal could fetch about 4 billion to 5 billion Malaysian ringgits ($843.9 million to $1.05 billion), the report said, citing tow of the sources. Shares of Shell were up 0.8%.

American Express (AXP) shareholders on Monday voted against a proposal that would have required the company to produce a report outlining how its net-zero carbon footprint objectives align with its lobbying efforts. Shares of the company were up 0.5%.

Brookfield Asset Management (BAM) and Castlelake announced Monday they have signed an agreement in which Brookfield will acquire a 51% stake in Castelake's fee-related earnings. The amount of capital to be invested will be about $1.5 billion, including capital to be invested in Castelake's investment strategies by Brookfield Reinsurance, the companies said. Shares of BAM were up 1.3%.

Spirit Airlines (SAVE) will need to furlough up to 260 pilots in September due to reduced capacity stemming from on-the-ground airplanes and deferrals, Chief Financial Officer Scott Haralson said Monday on the company's Q1 earnings call, according to a Capital IQ transcript. On the same call, Chief Commercial Officer Matthew Klein said the company expects to start 2025 with over 40 on-the-ground aircraft due to Pratt & Whitney Geared Turbofan engine availability issues and to end the year with about 70 on-the-ground aircraft. Spirit shares were down 9.8%.

Price: 18.13, Change: +0.18, Percent Change: +0.97