IBM, Coca-Cola, Wells Fargo, Devon Energy and more

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A bottle of Diet Coke is pulled for a quality control test at a Coco-Cola bottling plant in Salt Lake City, Utah.

George Frey | Getty Images

Check out the companies making headlines in midday trading. 

Coca-Cola — Coca-Cola gained 2.5% after the beverage giant gave an optimistic view about its future. The company said it expects demand to improve moving forward after states eased quarantine and lockdown measures. For the second quarter, however, Coca-Cola reported a 33% year-over-year drop.

IBM — IBM shares rose 1% on the back of better-than-expected quarterly results. The company posted an adjusted profit of

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Amazon, BioNTech, Moderna, Nikola, Noble Energy & more

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In this photo illustration the American multinational pharmaceutical corporation Pfizer logo seen displayed on a smartphone with a computer model of the COVID-19 coronavirus on the background.

Budrul Chukrut | SOPA Images | Getty Images

Check out the companies making headlines midday Monday:

Pfizer, BioNTech — Both U.S. drugmaker Pfizer and German biotechnology company BioNTech rose on Monday after they reported additional data from their experimental Covid-19 vaccine. The new data showed their candidate both was safe and induced an immune response in patients. It also showed the vaccine candidate triggered an induction of a high level of T-cell responses.

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Chevron CEO says Noble Energy deal offers ‘high quality assets at a very fair price’

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Chevron announced Monday that it will buy independent oil and gas producer Noble Energy, in a move that Chevron CEO Michael Wirth said will be a “good deal” for shareholders in both companies.

“These are high quality assets at a very fair price,” Wirth said Monday on CNBC’s “Squawk on the Street.”

The all-stock deal is valued at $5 billion, or $10.38 per share, and Noble shareholders will receive 0.1191 shares of Chevron. Including debt, the total value of the deal is $13 billion.

The acquisition will enhance Chevron’s portfolio in the oil-rich Permian Basin, as well as in Colorado’s

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Markel names Thomas Baker as head of renewable energy

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Markel International has appointed Thomas Baker as senior underwriter and head of renewable energy, effective immediately.

Based in Singapore, Baker is Markel’s first-ever Asia-based global head, as well as its first renewable energy underwriter in the region, the company said in a statement. Reporting to Rohan Davies, divisional managing director of energy, Baker will lead an international team to develop Markel’s renewable energy portfolio.

“Tom’s solid track record and wealth of international experience in renewable energy are invaluable as we continue our ambitious plans for growth in this important sector,” said Davies.

“Markel has a strong reputation of delivering leading

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