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  • Rocket builder Astra Area will get delisting caution from Nasdaq

    An in depth up have a look at Astra’s LV0008 rocket at LC-46 in Cape Canaveral, Florida.

    John Kraus / Astra

    Embattled small rocket-builder Astra printed Friday that it gained a delisting caution from the Nasdaq after its inventory spent 30 consecutive days underneath $1 consistent with proportion, a contravention of the change’s necessities.

    The corporate has 180 days to boost its proportion value or face delisting, consistent with a regulatory submitting.

    Astra inventory closed Friday at 59 cents consistent with proportion, down greater than 90% this yr and greater than 95% off its 52-week prime of $13.58. The corporate debuted at the Nasdaq in July 2021 by means of a merger with a different function acquisition corporate.

    Astra didn’t instantly go back request for remark Friday at the delisting caution.

    The rocket builder has been saddled with quarterly losses and in August mentioned it used to be pausing flights for the rest of the yr.

    “Whether or not we’re going to be capable to start industrial launches in 2023 is dependent upon the good fortune of our check flights” for a brand new rocket machine, CEO Chris Kemp mentioned all over the corporate’s second-quarter convention name.

    Astra may be going through a Federal Aviation Management investigation right into a failed rocket release in June that used to be sporting a couple of satellites for NASA’s TROPICS-1 project. The corporate used to be not able to ship the satellites to orbit, and NASA put the remainder two launches it had gotten smaller from Astra on cling.

    — CNBC’s Michael Sheetz contributed to this file.

  • Shares making the most important strikes noon: CVS, Credit score Suisse, AMD, Lyft and extra

    Omar Marques | LightRocket | Getty Photographs

    Take a look at the corporations making headlines in noon buying and selling Friday.

    Ambac Monetary Workforce – Stocks of the municipal bond insurer shot up 15.7% on information of settlements with Financial institution of The us that might convey Ambac $1.84 billion. The settlements pop out of proceedings associated with the bond insurance coverage insurance policies Ambac used for Financial institution of The us previous to the 2008 monetary disaster. Financial institution of The us was once down about 2.4%.

    Levi Strauss – Levi’s dropped 11.7% to a 52-week low after reducing its full-year gross sales and benefit outlook Thursday, because the clothes maker cited problems stemming from the availability chain and the more potent U.S. greenback.

    DraftKings – Stocks of DraftKings rose 3.3% on a Bloomberg record that the web sports activities making a bet corporate is as regards to a partnership take care of ESPN.

    Lyft – The rideshare corporate slid 8.7% after RBC downgraded the inventory to sector carry out from outperform. RBC mentioned competitor Uber, which was once down about 4.5%, had “structural benefits.”

    CVS Well being – Stocks of CVS dropped 10.5% following a record that the well being care massive is in “unique talks” to shop for Cano Well being. The corporate had already been falling after the Facilities for Medicare and Medicaid Products and services downgraded one in every of its Aetna Medicare Merit plans in its annual scores. Stocks of Cano received 9%.

    Tesla, Twitter – The 2 companies persevered to transport following every week of stories on Elon Musk reviving his high-profile plans to buy Twitter. Tesla fell 6.3%, whilst Twitter misplaced 0.2%. On Thursday, a pass judgement on mentioned Musk wishes to finish his acquire by means of Oct. 28 to steer clear of a tribulation.

    Credit score Suisse – The Ecu financial institution was once up 13.1% after providing to shop for again $3 billion in debt securities Friday and promote a well-known resort it owns. It marks every other day of tumult for stocks of the inventory — which hit an rock bottom previous within the week — as marketplace observers wondered the financial institution’s well being.

    DexCom – Stocks of the producer of glucose tracking gadgets jumped 7.3% after the Facilities for Medicare and Medicaid Products and services up to date an area protection choice associated with such gadgets. The transfer may spice up the base line for DexCom, a key participant within the steady glucose tracking area.

    Apple – The tech massive was once down 3.7% regardless of Morgan Stanley reiterating the inventory as obese, noting increased lead instances for the iPhone. Folks following the corporate have raised fear over the efficiency of the brand new line of iPhones in comparison to earlier rollouts as Apple yanked plans to extend manufacturing.

    Meta – The Fb proprietor additionally slid 4% regardless of being reiterated as a purchase by means of Citi, which famous an interesting possibility/praise outlook as Reels earnings will increase and new advert codecs come into play. The inventory hit a 52-week low.

    Hashish firms – Stocks of hashish firms had been all down, after to begin with hovering on information that President Joe Biden desires a evaluate of ways marijuana is classed underneath federal regulation. Biden additionally introduced he’s going to pardon 1000’s convicted of marijuana ownership. Tilray Manufacturers, which reported a larger-than-expected quarterly loss on Friday, was once down 18.8%. Cover Expansion plunged greater than 25.6%, Aurora Hashish fell 12.8% and Cronos Workforce misplaced 15.6%.

    Complicated Micro Gadgets – Stocks of Complicated Micro Gadgets plummeted 13.4% after the semiconductor corporate issued disappointing initial effects for the 3rd quarter and mentioned it expects earnings to fall wanting its earlier $6.7 billion greenback forecast. AMD blamed the shortfall on weakening PC call for and provide chain constraints. Stocks of alternative chip firms together with Intel and Nvidia fell at the information.

    Harmony Instrument – Stocks of Harmony, identified for its device for 3-dimensional design, dropped 8.6%. It contrasts with Needham previous Friday beginning the inventory as a purchase with an upside of 39%.

    Provention – Stocks of the biopharmaceutical corporate leaped 11.3%, proceeding to rally on information Thursday of plans to release a drug candidate for kind 1 diabetes.

    — CNBC’s Samantha Subin, Michelle Fox, Carmen Reinicke, Tanaya Macheel and Yun Li contributed reporting.

  • Shares making the most important strikes premarket: AMD, Levi Strauss, DraftKings and extra

    Listed below are the corporations which can be making headlines sooner than the bell:

    Complex Micro Units (AMD) – AMD slid 5.3% within the premarket after chopping its gross sales forecast. The chipmaker stated it’s being hit by means of a bigger than anticipated hunch within the private laptop marketplace.

    Levi Strauss (LEVI) – Levi Strauss took a 5.3% premarket hit after chopping its full-year gross sales and benefit outlook. The attire maker is seeing an affect from upper prices, provide chain problems and a more potent U.S. greenback.

    CVS Well being (CVS) – CVS stocks fell 5% in premarket buying and selling, following a downgrade of one in every of its Aetna Medicare Benefit plans in annual scores issued by means of the Facilities for Medicare and Medicaid Products and services.

    DraftKings (DKNG) – DraftKings rallied 5.6% in premarket motion after Bloomberg reported that the sports activities having a bet company is just about putting a significant new partnership with Walt Disney’s (DIS) ESPN unit.

    Lyft (LYFT) – Lyft fell 2.6% within the premarket after RBC downgraded the ride-hailing provider’s inventory to “sector carry out” from “outperform.” RBC stated its motive force provide research issues to a much less bullish outlook for Lyft and that competitor Uber (UBER) enjoys “structural benefits” over Lyft.

    Ambac (AMBC) – The municipal bond insurer will obtain $1.84 billion to settle proceedings in opposition to Financial institution of The us (BAC). The fits stemmed from bond insurance coverage insurance policies that Ambac had equipped to Financial institution of The us’s Countrywide Credit score unit previous to the 2008 monetary disaster. Ambac surged 21.1% within the premarket.

    Credit score Suisse (CS) – Credit score Suisse rallied 5.6% within the premarket after the financial institution stated it could purchase again as much as $3 billion in debt because it seeks to reassure buyers of its monetary well being.

    Tilray (TLRY) – The hashish manufacturer jumped 5.4% in premarket buying and selling even because it reported a bigger than anticipated loss in addition to relatively not up to anticipated income for its newest quarter. Tilray did reaffirm its full-year forecast and stated it had completed the vast majority of its cost-saving objective. Tilray, Aurora Hashish (ACB), Cover Expansion Corp (CGC) and Cronos Team (CRON) had been amongst hashish shares that rallied Thursday after President Joe Biden introduced pardons for the ones convicted of federal marijuana ownership fees.

  • Cramer’s lightning spherical: GXO Logistics is a purchase

    Axsome Therapeutics Inc: “They are seeking to treatment ache. … We all know who did not do it neatly, and we are not even going to say it.”

    nCino Inc: “Up to I really like nCino, I really like its product, it is shedding cash. So, we will’t purchase it.”

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  • Shares making the most important strikes noon: Compass, Common Electrical, Shell, Pinterest and extra

    The signal of a Shell petrol station is noticed in entrance of a burning pilot flame atop a flare stack on the refinery of the Shell Power and Chemical compounds Park Rheinland in Godorf close to Cologne, Germany, August 3, 2022. 

    Wolfgang Rattay | Reuters

    Take a look at the corporations making headlines in noon buying and selling Thursday.

    Constellation Manufacturers — The spirits manufacturer slipped 1.5% regardless of posting profits and income for the former quarter that beat expectancies. Constellation Manufacturers did, then again, file losses in its hashish trade and stated it will divest a few of its wine choices to The Wine Staff.

    Compass — Stocks surged 16.1% after Insider reported Vista Fairness Companions is thinking about a deal that might take the true property generation corporate personal.

    Common Electrical — Common Electrical’s inventory shed 1.8% amid information that the corporate is firing 20% of its onshore wind group of workers within the U.S.

    Conagra — Conagra’s inventory traded 3.7% decrease regardless of a most sensible and final analysis beat in its fresh fiscal quarter. The meals manufacturer additionally reaffirmed its outlook for the 12 months.

    Shell — Stocks of the power manufacturer fell 4.4% after the corporate warned that it expects decrease refining margins and weaker profits from herbal gasoline buying and selling. Shell additionally cited upper prices for turning in gas.

    Silvergate Capital — Stocks fell 6.5% after Wells Fargo double downgraded the crypto financial institution inventory to underweight from obese, mentioning deposit outflows as a result of sharply falling cryptocurrency costs.

    Pinterest — Stocks of the imaginative and prescient board corporate jumped just about 5% after Goldman Sachs upgraded the inventory to shop for from impartial. The analyst stated he got here clear of a up to date assembly with senior Pinterest control with greater self assurance in person enlargement and monetization at the platform.

    Take-Two Interactive — The gaming corporate added 3.5% after Goldman Sachs upgraded Take-Two to a purchase score, pronouncing the new pullback within the inventory create a just right access level for buyers.

    AbbVie — The biotech inventory fell greater than 2% after AbbVie stated in a securities submitting that analysis & building and milestone bills will shave 2 cents off of profits according to percentage for the 3rd quarter. AbbVie is scheduled to announce its complete effects for the quarter on Oct. 28.

    Peloton — Peloton stocks bounced again 4% after the at-home health corporate introduced a plan to slash 500 extra jobs, or 12% of its group of workers, to lend a hand steer it again to enlargement. It was once up about 3% noon after falling within the premarket.

    Lamb Weston — Stocks of Lamb Weston rose 0.7% to a brand new recent 52-week top, after the frozen potato processing corporate introduced quarterly profits that beat Wall Boulevard’s expectancies on Wednesday. The corporate additionally delivered a revised outlook for 2023 benefit.

    Splunk — Splunk’s inventory dropped greater than 4.5% after UBS downgraded it to impartial from purchase. The company stated it sees “enlargement demanding situations” for the data-platform supplier, together with greater pageant and pricing. 

    Provention — The biopharmaceutical corporate surged 25.7% on information of a partnership with French corporate Sanofi created to release a drug candidate for sort 1 diabetes.

    — CNBC’s Tanaya Macheel, Alex Harring, Yun Li, Sarah Min, Jesse Pound, Carmen Reinicke and Michelle Fox contributed reporting.

  • Shares making the most important strikes premarket: Peloton, Shell, Compass and extra

    Take a look at the corporations making headlines sooner than the bell:

    Conagra (CAG) – The meals manufacturer’s inventory added 2% within the premarket after it reported better-than-expected quarterly benefit and gross sales. Conagra additionally reaffirmed its full-year steerage.

    Peloton (PTON) – Peloton slid 4.1% in premarket buying and selling after saying it might minimize every other 500 jobs, or about 12% of its last group of workers following a number of earlier rounds of process cuts. CEO Barry McCarthy informed the Wall Side road Magazine he is giving the health apparatus maker every other six months or with the intention to flip itself round and if it cannot, Peloton is most likely no longer viable as a standalone corporate.

    McCormick (MKC) – The spice maker reported adjusted quarterly income of 69 cents in step with percentage, 7 cents underneath estimates, with income necessarily consistent with forecasts. McCormick stated it’s now convalescing prices via pricing movements after a duration which noticed its bills outpace product value will increase. McCormick fell 1.1% within the premarket.

    Compass (COMP) – Compass stocks surged 11.4% in premarket buying and selling, following an Insider document pronouncing Vista Fairness Companions is exploring a deal to take the actual property company non-public.

    Eli Lilly (LLY) – Lilly stocks added 1% within the premarket after its diabetes drug tirzepatide won a “Speedy Observe” designation from the FDA for imaginable use to regard adults with weight problems or obese with weight-related comorbidities.

    Twitter (TWTR) – Twitter stays on watch nowadays amid more than one stories at the effort via Elon Musk and the social media corporate to finalize an settlement on his $44 billion takeover deal. The Wall Side road Magazine reported the 2 facets held unsuccessful talks a couple of imaginable value minimize for the deal, and Reuters stories that non-public fairness companies Apollo International and 6th Side road Companions are now not in talks with Musk to supply financing. Twitter fell 1.8% in premarket motion.

    Take-Two Interactive (TTWO) – Take-Two Interactive used to be upgraded to “purchase” from “impartial” at Goldman Sachs, which cited making improvements to videogame trade basics. Goldman larger its value goal for the videogame manufacturer’s inventory to $165 in step with percentage from the prior $131. Take-Two received 3% in premarket buying and selling.

    Splunk (SPLK) – Splunk used to be downgraded to “impartial” from “purchase” at UBS, which stated the information platform supplier faces a variety of further headwinds apart from the entire macroeconomic outlook. Splunk slid 3.1% within the premarket.

    Shell (SHEL) – Shell slumped 5.4% in premarket buying and selling after pronouncing 3rd quarter income will take a success from considerably decrease earnings from buying and selling gasoline. The power manufacturer additionally cites upper prices for turning in gasoline.

    Pinterest (PINS) – Pinterest rallied 5.2% within the premarket after the image-sharing website’s inventory used to be upgraded to “purchase” from “impartial” at Goldman Sachs. Goldman expressed self assurance in Pinterest’s talent to additional monetize its operations and seize extra advert bucks.

  • Shares making the most important strikes noon: Tesla, Enphase Power, Exxon Mobil and extra

    A Tesla provider and gross sales heart is proven in Vista, California, June 3, 2022.

    Mike Blake | Reuters

    Take a look at the corporations making headlines in noon buying and selling Wednesday.

    Tesla, Twitter — Stocks of Tesla fell 3.5% after a Tuesday submitting showed that CEO Elon Musk agreed to shop for Twitter for $54.20 according to proportion, the unique value he’d agreed upon for the purchase. Stocks of Twitter slumped 1.4%, taking a breather after surging greater than 22% on Tuesday.

    Morgan Stanley, Goldman Sachs — Stocks of Morgan Stanley and Goldman Sachs dropped 1% and 1.9%, respectively, following downgrades from Atlantic Equities. The company mentioned the 2 funding banks have few sure catalysts forward as they proceed to maintain macro demanding situations. Morgan Stanley used to be downgraded to impartial from obese, and Goldman Sachs used to be reduced to underweight from impartial.

    Airbnb — Stocks of the shuttle condominium corporate received 0.9% after Bernstein initiated the inventory as outperform with a value goal of $143, indicating an upside of about 30%. The Wall Side road company mentioned Airbnb is on course to turn out to be the most important shuttle western shuttle platform over the following 5 years.

    Carnival — Cruise line shares declined as a gaggle. Stocks of Carnival fell 4.3%, Royal Caribbean Workforce declined 0.9%, and Norwegian Cruise Line Holdings fell 0.8%. The crowd were given a spice up an afternoon previous, after Norwegian mentioned it could finish all Covid-19 checking out and vaccination necessities.

    Enphase Power, Sunrun — Sun shares declined Wednesday after their rally previous this week. Stocks of Enphase Power declined 9.3%, and Sunrun tumbled 7.9%.

    Schlumberger — Power shares spiked as a gaggle after OPEC+ made up our minds to chop oil output by means of 2 million barrels an afternoon. Schlumberger complex 6.3%, Exxon Mobil received 4%, and Phillips 66 rose 2.5%.

    Lamb Weston Holdings — Stocks of the meals merchandise corporate climbed 4.2% after Lamb Weston reported huge will increase in internet gross sales and internet source of revenue for its fiscal first quarter. Lamb Weston’s adjusted profits of 75 cents according to proportion beat analyst estimates of fifty cents according to proportion, in keeping with StreetAccount. The Idaho-based corporate additionally maintained its full-year outlook regardless of seeing a quantity decline within the quarter.

    Lumen Applied sciences — The tech corporate’s stocks plummeted 9.5% after Wells Fargo reduce its value goal on Lumen 56% and downgraded the inventory from obese to equivalent weight. Wells Fargo mentioned its mass marketplace phase used to be seeing downsides that put the dividends in peril.

    — CNBC’s Alexander Harring, Yun Li, Jesse Pound and Carmen Reinicke contributed reporting.

  • Shares making the most important strikes within the premarket: Tesla, Ford Motor, Goldman Sachs and extra

    Tesla CEO Elon Musk speaks right through the authentic opening of the brand new Tesla electrical automobile production plant on March 22, 2022 close to Gruenheide, Germany.

    Christian Marquardt | Getty Photographs

    Take a look at the corporations making headlines in premarket buying and selling Wednesday.

    Tesla, Twitter – The electrical car maker slid 1.5% after CEO Elon Musk reversed path on his Twitter acquire, proposing as soon as once more to take over the social media corporate for $54.20 in step with proportion. He had up to now attempted to again out of shopping for the corporate, however Twitter sued him to move via with the acquisition. Twitter stocks dipped relatively after rallying at the information Tuesday.

    Automakers – Ford rose 1.5% after Morgan Stanley upgraded the inventory to obese from equivalent weight, bringing up a possible purchasing alternative after the inventory’s contemporary decline. Basic Motors, in the meantime, dipped 1.8% after the company reduced its worth goal at the inventory.

    Morgan Stanley, Goldman Sachs – Stocks of the 2 banks slid 1.4% and 1.6%, respectively, after Atlantic Equities downgraded each shares because of the potential for declining funding banking quantity.

    Airbnb – The web go back and forth platform used to be up 0.8%, outperforming the wider marketplace, after Bernstein initiated protection of the inventory with an outperform score and a worth goal that suggests upside of about 30% from Tuesday’s shut.

    Cruise strains – The key cruise strains dipped after surging right through Tuesday buying and selling, when Norwegian Cruise Line mentioned it will drop Covid-19 checking out, protecting and vaccination necessities. The inventory used to be down 2% on Wednesday, whilst Carnival and Royal Caribbean misplaced 2.3% and 1.9%, respectively.

    Bionano Genomics – Stocks jumped 11.3% after the corporate printed a learn about on the usage of optical genome mapping to analyze liver most cancers.

  • TSMC stocks leap 5% after Morgan Stanley says the chipmaker is a ‘most sensible pick out’

    Taiwan Semiconductor Production Corporate, Restricted at Hsinchu Science Park. Stocks of the arena’s greatest chip maker Taiwan Semiconductor Production Corporate rose up to 5% on Wednesday morning in Asia after Morgan Stanley really helpful the inventory.

    Annabelle Chih | Getty Pictures Information | Getty Pictures

    Stocks of the arena’s greatest chip maker Taiwan Semiconductor Production Corporate rose up to 5% on Wednesday morning in Asia after Morgan Stanley really helpful the inventory.

    “We watch for a semiconductor cycle restoration in 2H23 and recommend bargain-hunting in high quality shares presently. TSMC is our most sensible pick out,” the funding financial institution stated in a Tuesday notice. It characterised TSMC as “the enabler of long run era.”

    The inventory used to be buying and selling 3.73% upper in afternoon industry. U.S.-listed stocks of TSMC rose about 5% in a single day.

    Chip shares reminiscent of TSMC, GlobalWafers Corporate and MediaTek are at trough valuations after a fast marketplace correction, analysts at Morgan Stanley stated.

    In the meantime, the secular traits of 5G, synthetic intelligence of items and electrical cars — which want semiconductors — aren’t reversing, the financial institution added.

    A chip restoration can also be supported by means of the falling costs of tech merchandise and logistics, reopening of economies — particularly in China, and a slower build up in manufacturing capability for foundries, analysts wrote.

    Buyers must prioritize making an investment in business leaders with pricing energy, the ones with secular enlargement tales and firms that may have the benefit of China’s semiconductor localization, the notice stated. Secular enlargement shares are those who have long-term worth and aren’t so depending on present financial prerequisites.

    Learn extra about tech and crypto from CNBC Professional

    In a separate notice by means of Morgan Stanley on Asia’s rising markets, analysts really helpful shifting obese on South Korea and Taiwan, in addition to the chip sector in the ones markets.

    “Each markets are ruled by means of Semiconductors and Era {Hardware},” the notice stated.

    “Our sector colleagues see the worst level for the stock cycle once This autumn this 12 months and at the newest Q1 subsequent 12 months relying at the sub-segment. Shares in most cases make their trough earlier than the stock cycle makes its inflexion,” it added.

  • Shares making the largest strikes noon: Twitter, Poshmark, Rivian and extra

    Poshmark Inc. signage out of doors the Nasdaq MarketSite all the way through the corporate’s preliminary public providing (IPO) in New York, U.S., on Thursday, Jan. 14, 2021.

    Michael Nagle | Bloomberg | Getty Pictures

    Take a look at the firms making headlines in noon buying and selling.

    Twitter — Stocks of Twitter surged 22.24% after a document that Elon Musk plans to head thru with the purchase of the corporate at $54.20 according to proportion, the at the beginning agreed-upon worth. Buying and selling of the corporate’s inventory was once halted pending information round noon Tuesday.

    Rivian — Stocks of the electrical car maker shot up 13.83% after the corporate stated Monday that third-quarter manufacturing jumped 67% in comparison to the prior quarter. The corporate stays heading in the right direction to satisfy the manufacturing function it set in March after halving earlier estimates because of international provide chain problems.

    Poshmark — Stocks of the web retail web site surged 13% noon after the corporate struck a take care of South Korean web massive Naver to be obtained for approximately $1.2 billion. The merger may assist Naver deepen its achieve in on-line retail and make allowance Poshmark enlarge across the world.

    Illumina — The biotech inventory jumped greater than 9.52% after SVB Securities upgraded Illumina to outperform from marketplace carry out, mentioning the potential for new sequencing inventions known as the NovaSeq X Collection to power upside in 2024 and past, in keeping with FactSet’s StreetAccount.

    Shuttle shares — Stocks of airline and cruise line shares surged Tuesday and have been amongst leaders within the S&P 500. Those shares are unstable and delicate to special swings in markets total. Norwegian Cruise Line jumped 16.8%. Royal Caribbean and Carnival received 16.7% and 13.2%, respectively. Delta Air Traces and American Airways every complex greater than 8%.

    Gilead Sciences — Stocks of the biopharma inventory received 4.8% after JPMorgan Chase upgraded Gilead Sciences to obese. The financial institution stated buyers are undervaluing its enlargement possible and the inventory may rally just about 30%

    Domino’s Pizza — Stocks of the pizza chain rose 4.5% after UBS upgraded the inventory to shop for from impartial. The funding company stated that Domino’s must see call for cling up even supposing client spending weakens total.

    Credit score Suisse — Stocks of Credit score Suisse jumped 12.2% after whiplashing in Monday buying and selling following a document over the weekend that stated the financial institution was once assuring primary buyers of its monetary well-being amid issues.

    Tesla — Stocks of electrical car maker Tesla rose 2.9% Tuesday, rebounding from a pointy loss in Monday’s consultation after saying disappointing third-quarter supply numbers. Tesla’s inventory slumped 8% Monday, its greatest drop since June 3.

    Rocket Prescription drugs — Stocks of Rocket Prescription drugs jumped 11% after the corporate introduced plans for a $100 million inventory providing. The plan offers underwriters a 30-day alternative to buy as much as $15 million value of extra stocks.

    Common Motors — Stocks of automaker Common Motors received 8.9% after the corporate introduced gross sales rose 24% within the 1/3 quarter, rebounding from 2021 when provide chain problems hindered manufacturing.

    Ford Motor — The Detroit automaker rallied 7.7% after reporting a 16% build up in third-quarter gross sales when compared with a yr previous, in spite of September gross sales declining greater than anticipated. Ford stated new car call for “stays robust.” 

    — CNBC’s Michelle Fox, Alex Harring, Tanaya Macheel, Sarah Min, Jesse Pound and Samantha Subin contributed reporting.