Stocks making the biggest moves midday: CVS, Credit Suisse, AMD, Lyft and more

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Check out the companies making headlines in midday trading Friday.

Ambac Financial Group – Shares of the municipal bond insurer shot up 13.2% on news of settlements with Bank of America that would bring Ambac $1.84 billion. The settlements come out of lawsuits related to the bond insurance policies Ambac used for Bank of America prior to the 2008 financial crisis. Bank of America was down about 2.4%.

Levi Strauss – Levi's dropped 9.3% after cutting its full-year sales and profit outlook Thursday, as the clothing maker cited issues stemming from the supply chain and the stronger U.S. dollar.

DraftKings – Shares of DraftKings rose 1% on a Bloomberg report that the online sports betting company is close to a partnership deal with ESPN.

Lyft – The rideshare company slid 7.9% after RBC downgraded the stock to sector perform from outperform. RBC said competitor Uber, which was down about 4.5%, had «structural advantages.»

CVS Health – Shares of CVS dropped 11.3% following a report that the health care giant is in «exclusive talks» to buy Cano Health. The company had already been falling after the Centers for Medicare and Medicaid Services downgraded one of its Aetna Medicare Advantage plans in its annual ratings. Shares of Cano gained 9%.

Tesla, Twitter – The two businesses continued to move following a week of news on Elon Musk reviving his high-profile plans to purchase Twitter. Tesla fell 6.1%, while Twitter lost 0.2%. On Thursday, a judge said Musk needs to complete his purchase by Oct. 28 to avoid a trial.

Credit Suisse – The European bank was up 10.8% after offering to buy back $3 billion in debt securities Friday and sell a famous hotel it owns. It marks another day of tumult for shares of the stock —