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Check out the companies making headlines in midday trading: Boeing — The stock climbed 3%. The aircraft maker reached a new contract proposal with its machinists' union, which could end a strike that has been going on for more than a month. The ratification vote is set for Wednesday. Warby Parker — The eyeglass maker and retailer gained nearly 6% after Goldman Sachs upgraded shares to a buy from a neutral rating , saying its margin growth potential and solid fundamentals support its "somewhat elevated" valuation. Cigna — The insurer's stock slid more than 4% after Bloomberg reported, citing people familiar with the matter, that Cigna has reignited merger discussions with Humana. Bloomberg's sources said the talks are still in early stages. Humana shares were also marginally lower on the he...

The Nasdaq MarketSite in New York, US, on Monday, Sept. 16, 2024. Yuki Iwamura | Bloomberg | Getty ImagesKKM Financial has converted its Essential 40 mutual fund into an ETF, joining the growing shift by asset managers to a more tax-efficient fund model.ETFs make it easier for investors and financial advisors with taxable accounts to choose when to create capital gains or losses. This differs from mutual funds, which can sometimes hit their investors with an unwanted tax bill due to withdrawals or portfolio changes."When you look at the tax efficiency of an ETF compared to a mutual fund, it is much more advantageous," said Jeff Kilburg, founder and CEO of KKM and a CNBC contributor. "A lot of the wealth advisors that I work with really have issues with the capital gain distribution typical...

Kenvue CEO Thibaut Mongon at the New York Stock Exchange for its initial public offering, May 4, 2023.Source: NYSEActivist investor Starboard Value has a large stake in Kenvue, which spun out of Johnson & Johnson in mid-2023, according to people familiar with the matter.The activist is looking for the company to improve its share price, said the people, who requested anonymity to discuss private information freely. CNBC could not learn the size of the stake nor Starboard's specific plans. Starboard's Jeff Smith is expected to discuss the activist's plans for the company in detail at 13D Monitor's Active-Passive Investor Summit on Tuesday.Shares surged about 6.5% in Monday morning trading on the news, which was first reported by The Wall Street Journal.Kenvue is the maker of iconic bran...

Disney has tapped James Gorman to replace Mark Parker as the company's next chairman, effective in January, as the media giant lays the groundwork to name a successor for CEO Bob Iger in early 2026, the company said Monday.Gorman joined Disney's board less than a year ago and was named the head of the succession planning committee in August. He will continue to lead that committee after he takes over as board chairman from Nike Executive Chairman Parker."The Disney board has benefited tremendously from James Gorman's expertise and guidance, and we are lucky to have him as our next chairman – particularly as the board continues to move forward with the succession process," Iger said in a statement. "I'm extremely grateful to Mark Parker for his many years of board service and leadership, wh...