POLAND – 2023/03/21: In this photo illustration, a First Republic Bank logo is displayed on a smartphone with stock market percentages in the background. (Photo Illustration by Omar Marques/SOPA Images/LightRocket via Getty Images)Sopa Images | Lightrocket | Getty ImagesCheck out the companies making headlines in midday trading.First Republic — Shares of the regional bank fell by 50% after sources told CNBC’s David Faber that the most likely outcome for First Republic is to be taken into receivership by the Federal Deposit Insurance Corporate. However, there is still hope for a rescue deal to occur before the regulator would step in, the sources said.Snap — The Snapchat parent company cratered about 18% after missing revenue expectations for the recent quarter. Snap’s revenue fell 6% from a year ago.Amazon — The company fell 3.8% as investors contend with concerns over the future of Amazon’s cloud business. The company beat expectations on both adjusted earnings per share and revenue on Thursday.Intel — Intel shares rose more than 4% even after the company reported its largest quarterly loss on record and a 133% reduction year over year. Even so, Intel reported a smaller-than-expected loss per share and better-than-expected revenue. Benchmark upgraded the chipmaker, saying the worst is priced into shares.Pinterest — Pinterest’s stock plunged more than 17% after sharing disappointing second-quarter guidance. The move in shares came despite the image-sharing company’s beat on the top …
