Check out the companies making headlines in midday trading: Bristol-Myers Squibb — The drug maker jumped more than 3% after the U.S. Food and Drug Administration approved a highly anticipated schizophrenia drug , the first novel type of treatment for the chronic mental disorder in more than seven decades. Bristol-Myers Squibb expects the twice-daily pill, which will be sold under the brand name Cobenfy, to be available in late October. Novo Nordisk — U.S.-listed shares of the Danish drugmaker slid 2.9% after JPMorgan said to expect lower sales than Wall Street anticipated for the third quarter, citing a softer-than-consensus outlook for Novo’s blockbuster weight-loss drug Wegovy. Costco Wholesale — The retailer fell 1.7%, missing expectations for fiscal fourth-quarter revenue. Revenue came in at $79.70 billion, a fraction below a consensus estimate of $79.97 billion, according to LSEG. Weaker gasoline prices and more cautious consumer spending on higher-priced items dented Costco revenue. Super Micro Computer — The server and storage provider advanced 3%, gaining back some of its 12% loss Thursday after The Wall Street Journal reported that the U.S. Justice Department had opened a probe into the company. That came after short-seller Hindenburg Research revealed last month it had taken a short position in the company, citing “fresh evidence of accounting manipulation.” Cassava Sciences — The biotech …
