12:06 PM EDT, 05/10/2024 (MT Newswires) -- The major US indexes were mixed in late-morning trading Friday with the Dow Jones Industrial Average leading the charge and looking to extend its winning streak to eight days.

In company news, Enbridge ( ENB ) reported Q1 adjusted earnings Friday of CA$0.92 ($0.67) per share, up from CA$0.85 a year ago and above the Capital IQ consensus analyst estimate of CA$0.81. The Canadian pipeline company said distributable cash flow for the first quarter was CA$3.46 billion, up from CA$3.18 billion in Q1 2023. Enbridge ( ENB ) reaffirmed its full-year 2024 financial guidance, which calls for 3% growth in distributable cash flow. Shares of Enbridge ( ENB ) were up 1.3% near noon.

The Biden administration is preparing to quadruple tariffs on Chinese electric vehicles, The Wall Street Journal reported Friday, citing people familiar with the matter.

Novavax ( NVAX ) announced Friday that it signed a co-exclusive licensing agreement with Sanofi ( SNY ) to provide broader access to a protein-based non-mRNA adjuvanted COVID-19 vaccine from 2025 and beyond. The agreement will provide Novavax ( NVAX ) with cash and equity investment totaling about $1.2 billion, $500 million of which will come upfront with up to $700 million in additional development, regulatory and launch milestones. Shares of Novavax ( NVAX ) were soaring near midday, up 122.3%. Sanofi ( SNY ) shares were up 0.9%.

Ford Motor ( F ) appointed Chief Financial Officer John Lawler as vice chair, effective in early June, the company announced Friday. Additionally, Ford announced that Sherry House will join the company as vice president of finance next month as part of a plan to succeed Lawler as CFO in 2025. House previously served as CFO at Lucid Motors. Ford shares were down 1.5%.

Climate protesters attempted to break into Tesla's (TSLA) Berlin-Brandenburg Gigafactory in Germany on Friday, according to media reports. Separately, Chief Executive Elon Musk announced on X that Tesla will spend over $500 million to expand the charging network for its electric vehicles. Lastly, the National Labor Relations Board accused Tesla in a complaint of taking steps to prevent workers at its Buffalo, New York facility from unionizing, according to media reports. The complaint accuses the automaker of implementing an unlawful policy for technology use in the workplace that restricts the use of email and content sharing to "business purposes only," which discourages employees from forming or joining a union, according to reports. Tesla shares were down 1.7%.

Moderna ( MRNA ) said Friday that the Food and Drug Administration has pushed back its pending review of the company's respiratory syncytial virus vaccine to the end of the month due to "administrative constraints." The FDA informed the company that it won't be able to make a decision on the vaccine by the previously communicated date of May 12. The agency did not inform the drugmaker about any issues related to the vaccine's safety, efficacy or quality that would block its approval, according to Moderna ( MRNA ). Shares of the company were down 3.2% near noon.

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