Investors breathed a sigh of relief after the Swiss National Bank said it would provide a liquidity backstop for Credit Suisse.Arnd Wiegmann / Stringer / Getty ImagesCheck out the companies making headlines in midday trading. First Republic — The regional bank shares shed over 20% even after the company is set to receive aid from other financial institutions. The industry continues to be under pressure. PacWest and Western Alliance also lost more than 13% each, while KeyCorp slid 8%.related investing news Credit Suisse — U.S.-listed shares of the Swiss bank fell nearly 11% on Friday, a day after soaring on news the bank will borrow up to 50 billion Swiss francs ($54 billion) from the Swiss National Bank. The stock has had a volatile week after Credit Suisse’s largest investor said it wouldn’t provide additional funding to the bank.Warner Bros Discovery — The media company gained 2% after Wells Fargo upgraded the stock to overweight from equal weight. The firm said it liked the company’s debt reduction efforts.FedEx — The shipping company saw its stock jump over 8% after the company’s fiscal third-quarter earnings topped analysts expectations. FedEx reported adjusted earnings of $3.41 per share, topping a Refinitiv consensus forecast of $2.73 per share. The company also raised its earnings forecast for the full year.Sarepta Therapeutics — The pharmaceutical name dropped nearly 20% after regulators said it will hold an advisory committee meeti …
