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Check out the companies making headlines in midday trading.
Harley-Davidson — Shares of the motorcycle maker jumped about 7% after the company announced its electric motorcycle unit, Livewire, will go public through a merger with a special purpose acquisition company, or SPAC. The deal is valued at about $1.8 billion and will trade on the New York Stock Exchange under the ticker symbol «LVW.»
Pfizer — Shares of the vaccine maker jumped more than 4% after a new Israeli study showed its Covid booster shot provides strong protection against severe illness from the omicron variant. Its partner BioNTech saw shares jump about 8.2% on the news. Separately, the company announced it will acquire drug developer Arena Pharmaceuticals
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