Top Midday Stories: Musk Vows to Give SpaceX Shares to Every US Child; Cleveland-Cliffs Swings to Q3 Profit

12:02 PM EDT, 10/19/2026 (MT Newswires) -- All three major US stock indexes were up in late-morning trading Monday, as investors moved back into technology stocks after an artificial intelligence-related selloff last week. In company news, SpaceX (SPCX) Chief Executive Elon Musk said Monday on X that he plans to give one of his SpaceX shares to every child in the US next year. Musk beneficially owns about 6.42 billion SpaceX shares, including unvested restricted stock and shares issuable upon exercise of stock options, according to an August SEC filing. SpaceX shares were up 2.9% around midday. Cleveland-Cliffs (CLF) reported Q3 adjusted earnings Monday of $0.28 per diluted share, swinging from a loss of $0.45 and above the FactSet consensus analyst estimate of non-GAAP EPS of $0.21. Third-quarter revenue was $5.61 billion, up from $4.73 billion a year ago but below the FactSet consensus of $5.70 billion. Cleveland-Cliffs shares were up 15.2%. Microsoft (MSFT) has withdrawn from a data center deal in the UK with Nscale, Bloomberg reported Sunday, citing an Nscale spokesperson. The project has been hampered by power shortages and construction delays, the report said. Microsoft shares were up 1.1%. American Electric Power (AEP) said Monday it has reached an agreement with X-Energy (XE) to explore the development of a proposed 960-megawatt nuclear energy project in Sullivan County, Indiana. The initial project will use 12 Xe-10 small modular reactors of 80 MW each, and Amazon (AMZN) intends to buy power under a long-term contract, the company said. AEP shares were down 1.8%, while X-Energy shares were up 1.9%. Amazon shares were up 5.2%. The autonomous manufacturing partnership between Nvidia (NVDA) and Siemens has produced its first AI offerings, with new solutions combining Nvidia's AI simulation and accelerated computing technologies with Siemens' industrial software, automation and manufacturing capabilities, Siemens said Monday. Separately, Nvidia is leaning toward using Taiwan Semiconductor Manufacturing's (TSM) 3-nanometer logic process and production capacity in the base die component of its planned high-bandwidth memory chip called NVHBM, Seoul Economic Daily reported Sunday, citing industry sources. Nvidia shares were up 2.4%. Silence Therapeutics (SLN) said Monday it has entered into a definitive agreement to be acquired by Merck KGaA in Darmstadt, Germany, in an all-cash deal with an enterprise value of $1.1 billion and an equity value of about $1.3 billion. Under the terms of the deal, Silence shareholders will receive $20 in cash per American Depositary share, with each ADS representing three ordinary Silence shares. The acquisition is expected to close in Q1 of 2027, the company said. Silence shares were up 125.5%. Silgan (SLGN) plans to acquire Trivium Packaging in an all-cash deal valuing the company at $3.4 billion and combine it with its metal containers and food and beverage flat cap closures businesses to form Silgan Metal Containers and Closures, the company said Monday. Silgan shares were up 6.8%. CoreWeave (CRWV) shares rose Monday after Goldman Sachs upgraded the cloud-computing company to buy from neutral. CoreWeave's stock is down about 17.7% over the last five days and 26.3% over the last month, as investors have grown concerned over the company's debt, according to media reports. CoreWeave shares were up 3.1%. Price: 150.27, Change: +4.24, Percent Change: +2.90