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Stocks making the biggest moves midday: Bed Bath & Beyond, Coinbase, Virgin Orbit and more



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Virgin Orbit’s LauncherOne rocket on display in Times Square, New York.CNBC | Michael SheetzCheck out the companies making the biggest moves midday:Virgin Orbit — The satellite launch service company fell 12% a day after it confirmed its first launch out of the United Kingdom Monday failed to reach orbit. The mission was Virgin Orbit’s sixth to date, and its second launch failure.Danaher — Shares of Danaher rose more than 4% after the maker of medical, industrial and commercial products issued upbeat guidance for fourth-quarter non-GAAP core revenue. The company now expects growth in the high single-digit percentages on a year-over-year basis. It previously projected flat to low single-digit percentage declines.Sotera Health – The stock soared nearly 90% a day after Sotera Health announced the settlement of more than 870 cases relating to the exposure of ethylene oxide, a carcinogen, from its Willowbrook facilities. The company, which said the settlement is not an admission that the emissions posed a safety hazard, agreed to pay $408 million.Warner Bros. Discovery — Shares of the media company jumped more than 6% after Bank of America added the stock to the “US1” list. The Wall Street firm said it remains bullish on the long-term potential and views the current risk/reward as “highly attractive.”Coinbase — Shares jumped almost 6% after the cryptocurrency exchange shared plans to trim its workforce by 20%. The cuts come after Coinbase laid off 18% of its workforce in June as crypto prices, and its stock, dwindled.Bed Bath & Beyond — The retailer jumped nearly 19%. The move came after its earnings call, in which leadership said the company had bigger losses than expected. Days earlier, the company warned of potential bankruptcy.Oak Street Health — Shares of Oak Street Health, a health-care company that manages primary care centers for Medicare patients, jumped 28% after Bloomberg reported that CVS is exploring a deal to purchase it for more than $10 billion.R …

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