Trian Fund management recently took a stake in both Invesco and Janus Henderson Group, raising the possibility of another merger in the asset management industry.

Check out the companies making headlines in midday trading.

„The action over the last couple weeks is baking a lot of positive news into the market,“ Baird trader Jack Miller said.

„Main Street may indeed need a stimulus deal, but Wall Street can do just fine without one, and so can your portfolio as long as you focus on the bull markets that don’t need no stinking bailout,“ the „Mad Money“ host said.

„I feel like the president has created a false expectation,“ even though Regeneron’s antibody cocktail is „pretty good,“ CNBC’s Jim Cramer said.

The moves complete Morgan Stanley’s shift from being a firm dominated by traders and investment bankers to one where money management rules.

Despite a pandemic that has slammed the brakes on global economic growth and forced more than 30 million Americans to seek unemployment benefits, U.S. equity indexes are still near all-time highs.

The stocks making the biggest moves in premarket trading include Xilinx, NXP Semiconductors, Apple, Disney, and more.

A group of central banks recommended that digital currencies compliment — but not replace — cash and other forms of legal tender.

J.P. Morgan Securities‘ Colleen O’Callaghan is taking steps to protect portfolios from an economic setback.