12:14 PM EST, 01/17/2025 (MT Newswires) -- Wall Street's major market averages were higher around midday Friday ahead of a long Martin Luther King, Jr. holiday weekend and the inauguration of President-elect Donald Trump.

In company news, Novo Nordisk ( NVO ) shares slid 4.8% after the Department of Health and Human Services said that the company's Ozempic, Wegovy and Rybelsus are among the 15 additional drugs selected for US Medicare price negotiations.

"Novo Nordisk ( NVO ) remains opposed to government price setting through the [Inflation Reduction Act] and has significant concerns about how the law is being implemented by this administration," Novo Nordisk ( NVO ) said in a statement emailed to MT Newswires.

The US Supreme Court will allow a ban on TikTok to take effect as scheduled on Sunday after rejecting an appeal on Friday.

Schlumberger ( SLB ) shares rose nearly 8% after it reported higher Q4 adjusted earnings and revenue and raised its quarterly dividend.

Truist Financial ( TFC ) shares climbed 4.8% after it reported higher Q4 adjusted earnings and total revenue.

Fastenal ( FAST ) shares added 2.3% after it said its Q4 net income was unchanged and net sales rose from a year earlier.

J.B. Hunt Transport Services (JBHT) shares retreated 6.9% in recent Friday trading after it reported Q4 earnings late Thursday of $1.53 per diluted share, which fell short of market expectations.

Price: 78.95, Change: -4.13, Percent Change: -4.97