Get caught up quickly on the top news and calls moving stocks with these Top Fives, as compiled by the editors of The Fly. 

1. STOCK NEWS: 

• Pershing Square Tontine Holdings (PSTH) SPAC confirmed that it is in talks with Vivendi (VIVHY) to acquire 10% of the outstanding ordinary shares of Universal Music Group, or UMG, for approximately $4B [more]
• Broadcom (AVGO) reported better than expected Q2 results and provided upbeat Q3 guidance [more]
  
• Square (SQ) considering making hardware wallet for bitcoin, CEO Jack Dorsey says [more]
  
• AMC Entertainment's (AMC) directors recommending increase in company's share capital by 25M in 2022 [more]
  
• Staples proposed to acquire ODP Corporation's (ODP) consumer business for $1B [more]
  

2. WALL STREET CALLS: 

• BofA moves to No Rating on Bed Bath & Beyond (BBBY) amid "meme mania," terminates GameStop (GME) coverage [more]
• Stifel upgrades Northrop Grumman (NOC) to Buy amid "still-elevated" global threats [more]
  
• BofA upgrades Wells Fargo (WFC) to Buy amid "multi-year transformation" [more]
  
• Workhorse Group (WKHS) downgraded to Market Perform from Outperform at Cowen [more]
  
• Windtree Therapeutics (WINT) initiated with an Outperform rating, $8 price target at Oppenheimer [more]
  

3. AROUND THE WEB: 

• Mudrick Capital no longer owns debt or equity in AMC Entertainment (AMC), CNBC says [more]
• Kerrisdale reveals short position in Virgin Galactic (SPCE) [more]
  
• Facebook (FB) will end special treatment of politicians on its platform, The Verge says [more]
  
• Bristol-Myers (BMY) is being sued for $6.4B for allegedly dealying efforts to win FDA approval for Breyanzi [more]
  
• ViacomCBS' (VIAC) Paramount Plus plans to roll out a $5 per month plan next week, The Verge reports [more]
  

4. MOVERS: 

• Senseonics (SENS) gains after releasing results of its PROMISE study evaluating 180 day Eversense CGM System [more]
• Targa Resources (TRGP) rises after news it will replace CoreLogic (CLGX) in S&P 400 at open on June 9 [more]
  
• Fate Therapeutics (FATE) higher after reporting interim data from its Phase 1 study of FT516 [more]
  
• Comstock Resources (CRK) falls after a 9M share block trade priced at $5.80 [more]
  
• NGL Energy Partners (NGL) drops after reporting quarterly results [more]
  

5. EARNINGS: 

• Asana (ASAN) rises after reporting upbeat quarterly results [more]
• Sumo Logic (SUMO) higher after better than expected Q1 revenue [more]
  
• Five Below (FIVE) gains after providing upbeat Q2 revenue guidance [more]
  
• Lululemon (LULU) up after reporting better than expected quarterly results [more]
  
• PagerDuty (PD) slips after Q1 report, FY22 guidance [more]
  

INDEXES: 

Near midday, the Dow was up 99.01, or 0.29%, to 34,676.05, the Nasdaq was up 188.37, or 1.38%, to 13,802.88, and the S&P 500 was up 27.93, or 0.67%, to 4,220.78.