11:43 AM EST, 11/07/2025 (MT Newswires) -- All three major US stock indexes were down in late-morning trading Friday, with the Nasdaq Composite trading around -1.8% due to an ongoing slide in tech stocks.

In company news, Tesla (TSLA) shareholders voted in favor of Chief Executive Elon Musk's $1 trillion pay package, multiple media outlets reported late Thursday. The results were disclosed at the company's annual shareholders meeting in Texas. During that same meeting, Musk said the company may need to build or buy its own chip factory to produce enough semiconductors to power its future electric vehicles and robots. The CEO also said Tesla's full self-driving system could receive full regulatory approval in China as early as February or March 2026. Tesla shares were down 4.0% around midday.

Nvidia ( NVDA ) CEO Jensen Huang said Friday in Taiwan that the company is not in "active discussions" to sell its Blackwell AI chips to China and has no plans to ship them there, Reuters reported. Nvidia ( NVDA ) shares were down 4.2%.

Constellation Energy ( CEG ) reported Q3 adjusted earnings Friday of $3.04 per share, up from $2.74 a year earlier but below the FactSet consensus analyst estimate of $3.11. Third-quarter operating revenue was $6.57 billion, up from $6.55 billion a year ago and above the FactSet consensus of $6.20 billion. For full-year 2025, the company said it expects adjusted EPS of $9.05 to $9.45, compared to its prior outlook of $8.90 to $9.60. Analysts polled by FactSet expect $9.49. Constellation shares were down 5.2%.

TPG (TPG) has made a binding offer of roughly 1 billion euros ($1.15 billion) for Nexi's digital banking solutions unit, Bloomberg reported Friday, citing people familiar with the matter. TPG gave Nexi until mid-December to decide on the proposed transaction, the people reportedly told Bloomberg. TPG shares were down 1.7%.

Price: 428.04, Change: -17.87, Percent Change: -4.01