11:54 AM EST, 01/13/2025 (MT Newswires) -- The three major US stock indexes were mixed around midday Monday, the first trading day after the release of better-than-expected employment numbers that meant lower chances of future rate cuts.

In corporate news, Moderna ( MRNA ) shares fell over 20% in recent trading after the company said it now expects 2025 revenue to be between $1.5 billion and $2.5 billion, down from the previous range of $2.5 billion to $3.5 billion.

Cleveland-Cliffs ( CLF ) is teaming up with Nucor ( NUE ) in a potential bid for US Steel (X), CNBC reported, citing unnamed sources. Shares of Cleveland-Cliffs ( CLF ) rose 4.7%, Nucor ( NUE ) advanced 3.6% and US Steel gained 8.4%.

Johnson & Johnson ( JNJ ) agreed to acquire Intra-Cellular Therapies ( ITCI ) for about $14.6 billion in cash. The $132-per-share deal will likely close later this year. Shares of Intra-Cellular Therapies ( ITCI ) were up 34%, while Johnson & Johnson ( JNJ ) was up 0.4%.

Howard Hughes Holdings' ( HHH ) shareholders have been sent a letter by Pershing Square offering to acquire a controlling stake in Howard Hughes by a newly created subsidiary. Pershing is seeking to acquire approximately 11.7 million shares of Howard Hughes' stock at $85 each. Howard Hughes shares climbed 7.7%.

Apple's ( AAPL ) new fees for app developers are under scrutiny from EU competition watchdogs amid concerns they may increase costs for software makers, Bloomberg reported, quoting unnamed sources. Apple ( AAPL ) shares were down 2.3%.

Price: 33.60, Change: -8.65, Percent Change: -20.47