Wall Street's major market averages were mixed in late-morning trading Tuesday on the first trading day of the week after the Presidents' Day holiday on Monday.

In company news, Warner Bros. Discovery (WBD) said Tuesday it will engage with Paramount Skydance (PSKY) to seek its "best and final" takeover offer. Netflix (NFLX) granted Warner Bros. a limited waiver that gives it a seven-day period through Feb. 23 to hold talks with Paramount Skydance, Warner Bros. said. Separately, Netflix said Tuesday that Warner Bros. has filed a definitive proxy statement and scheduled a special meeting on March 20 to approve Netflix's acquisition offer. Warner Bros. shares were up 2.7% around midday, while Paramount shares were up 6.0% and Netflix shares were up 0.1%.

Danaher (DHR) said Tuesday it has entered into a definitive agreement to acquire Masimo (MASI) for $180 per share in cash, or a total enterprise value of about $9.9 billion, including assumed indebtedness and net of acquired cash. The deal is expected to be completed in H2, Danaher said. Danaher shares were down 2.7%, while Masimo shares were up 34.3%.

Gemini Space Station (GEMI) said Tuesday in a regulatory filing that Chief Operating Officer Marshall Beard, Chief Financial Officer Dan Chen and Chief Legal Officer Tyler Meade are leaving the company, effective Tuesday. Danijela Stojanovic has been named interim CFO, the company said. Gemini shares were down 13.6%.

IHS Holding (IHS), doing business as IHS Towers, said Tuesday it has agreed to be acquired by MTN Group for $8.50 per share in an all-cash deal valuing the company at $6.2 billion. The deal is expected to close in 2026, subject to certain conditions, IHS said. Shares of IHS were down 1.2%.

Ormat Technologies (ORA) said Tuesday it has entered into a long-term geothermal power purchase agreement with NV Energy, supporting data center operations of Alphabet's (GOOGL, GOOG) Google in Nevada with up to 150 megawatts of new capacity. Ormat shares were up 5.9%, while Alphabet's Class A and Class C shares were both down 1.3%.

General Mills (GIS) said Tuesday it now expects organic net sales to be down 1.5% to 2% in fiscal 2026, down from its previous guidance of down 1% to up 1%. The company also said it now expects adjusted operating profit and adjusted diluted EPS to be down 16% to 20% in constant currency, compared to its previous guidance of down 10% to 15% in constant currency. General Mills shares were down 7.1%.

Price: 28.79, Change: +0.80, Percent Change: +2.84