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:

• The U.S. and European Union agreed to resolve a subsidy dispute between Boeing (BA) and Airbus (EADSY) [more]
• Novavax (NVAX) reported "positive" results from a study of a SARS-CoV-2 vaccine candidate and an approved influenza vaccine [more]
• AstraZeneca (AZN) said its COVID-19 vaccine was effective against the Delta variant, according to new data [more]
• The U.K.'s CMA plans to scrutinize Apple (AAPL) and Google's (GOOGL) mobile dominance [more]
• Nintendo (NTDOY) unveiled a number of new exclusive Switch games at its E3 presentation [more]

2. TOP CALLS:

• W.P. Carey (WPC) was upgraded to Overweight from Neutral at JPMorgan [more]
• Crane (CR) was upgraded to Buy at DA Davidson following its Engineered Materials divestment [more]
• Piper Sandler analyst Christopher Raymond initiated coverage of Aclaris (ACRS) with an Overweight rating [more]
• Ceridian (CDAY) was downgraded to Hold from Buy at Needham [more]
• Fastenal (FAST) was downgraded to Underweight from Equal Weight at Morgan Stanley [more]

3. AROUND THE WEB:

• Amazon (AMZN) is quietly transporting cargo for the U.S. Postal Service, Information says [more]
• DraftKings (DKNG) slips after Hindenburg Research took a short position on the stock [more]
• Dish Network (DISH) has started taking signups for its own 5G service, Axios reports [more]
• The U.S. Supreme Court revives LinkedIn (MSFT) bid to shield personal data, Reuters says [more]
• Netflix (NFLX) is hiring executives to lead consumer products, podcasts, and video games, Bloomberg reports [more]

4. MOVERS:

• Ocugen (OCGN) rises after selecting Jubilant HollisterStier as its manufacturing partner for COVAXIN to prepare for the potential commercial manufacturing of the COVID-19 vaccine for the U.S. and Canadian markets [more]
• Elanco (ELAN) gains after selling two facilities to TriRx Pharmaceutical Services and after Cleveland Research analyst Rob Eich upgraded the stock to Neutral from Underperform [more]
• Finance of America (FOA) higher after Raymond James analyst Stephen Laws upgraded the stock to Strong Buy from Outperform with a price target of $13.50 [more]
• Sage Therapeutics (SAGE) lower after Biogen (BIIB) and the company announced results of their WATERFALL trial studying zuranolone [more]
• Vroom (VRM) declines after filing to sell $500M in convertible senior notes [more]

5. EARNINGS:

• Spirit Airlines (SAVE) said it sees "modestly positive" Q2 EBITDA margin, excluding special items [more]
• Qudian (QD) drops in New York after reporting lower-than-expected Q1 results [more]
• Blucora (BCOR) gains are raising Q2 and FY21 earnings and revenue guidance [more]
• Helios Therapeutics (HLIO) higher after targeting $1B or more in revenue by the end of 2023 [more]
• Concrete Pumping (BBCP) lower after reporting downbeat quarterly earnings [more]

INDEXES:

The Dow fell 94.42, or 0.27%, to 34,299.33, the Nasdaq lost 101.29, or 0.71%, to 14,072.86, and the S&P 500 declined 8.56, or 0.20%, to 4,246.59.