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: 

• CAI International (CAI) agreed to be acquired by Mitsubishi HC Capital for $56 per share [more]
• Orphazyme (ORPH) received a complete response letter from the FDA following its review of the arimoclomol application [more]
  
• Athira Pharma (ATHA) CEO Leen Kawas was placed on temporary leave pending a review of actions stemming from research conducted while at Washington State University [more]
  
• Fox Corp. (FOXA) announced a $2B incremental stock repurchase plan [more]
  
• Sykes Enterprises (SYKE) agreed to be acquired by Sitel Group for $54 per share [more]
  

2. WALL STREET CALLS: 

• Biogen (BIIB) upgraded to Overweight from Neutral at Piper Sandler [more]
• CuriosityStream (CURI) double-downgraded to Underperform at BofA on valuation [more]
  
• Wolfe Research upgrades Delta (DAL), Alaska Air (ALK) and United Airlines (UAL) on "pent-up demand scenario" [more]
  
• BofA ups Nvidia (NVDA) target to $900, sees data center sales tripling by 2025 [more]
  
• New Oriental Education (EDU) downgraded to Hold from Buy at HSBC [more]
  

3. AROUND THE WEB: 

• eBay (EBAY) is set to sell its South Korea business to a local consortium for $3.1B, FT reports [more]
• A toy shortage is threatening the U.S. holiday sales season amid China shipping woes, NY Post says [more]
  
• Shell (RDS.A) is backing a roughly $56M project to create Europe's largest battery, NY Times says [more]
  
• The New York Times (NYT) and sports site The Athletic have ended their merger talks, The Information reports [more]
  
• Johnson & Johnson's (JNJ) COVID-19 vaccine is not turning out to be the game changer officials had hoped, NY Times reports [more]
  

4. MOVERS: 

• Geron (GERN) rises after publishing data from the IMbark Phase 2 clinical trial [more]
• The GEO Group (GEO) gains after disclosing CEO George Zooley bought 166,600 shares of its common stock [more]
  
• DocuSign (DOCU) higher after Wedbush analyst Daniel Ives raised the firm’s price target on the stock to $290 and kept an Outperform rating on the shares [more]
  
• Ares Commercial (ACRE) lower after announcing a 6.5M share offering priced at $15.82 [more]
  
• Micron (MU) dips after Cleveland Research analyst Chandler Converse downgraded the stock to Neutral from Buy [more]
  

5. EARNINGS: 

• Adobe (ADBE) gains after reporting better than expected Q2 results [more]
• Smith & Wesson Brands (SWBI) rises after upbeat quarterly report [more]
  
• Codexis (CDXS) higher after raising its FY21 revenue guidance [more]
  
• U.S. Steel (X) falls after guiding Q2 earnings [more]
  
• Dynagas LNG (DLNG) lower after reporting better than expected Q1 results [more]
  

INDEXES: 

Near midday, the Dow was down 388.06, or 1.15%, to 33,435.39, the Nasdaq was down 110.58, or 0.78%, to 14,050.78, and the S&P 500 was down 39.21, or 0.93%, to 4,182.65.