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: 

• Texas Instruments (TXN) slides after quarterly report, guidance [more]
• AT&T (T) provided a "beat and raise" quarterly report [more]
  
• Southwest (LUV) and United Airlines (UAL) are both trading lower after reporting quarterly results [more]
  
• CSX (CSX) and Union Pacific (UNP) are trading higher after reporting quarterly results [more]
  
• Uber Freight (UBER) will acquire Transplace from TPG Capital for $2.25B [more]
  

2. WALL STREET CALLS: 

• Williams-Sonoma (WSM) downgraded to Sell from Neutral at Goldman Sachs [more]
• BTIG upgrades Airbnb (ABNB) to Buy, sees renewed COVID uncertainty presenting appealing entry point [more]
  
• Envestnet (ENV) downgraded to Underperform from Buy at Jefferies [more]
  
• Microsoft (MSFT) price target raised to $378 from $310 at Citi [more]
  
• Vimeo (VMEO) initiated with a Neutral at JPMorgan [more]
  

3. AROUND THE WEB: 

• China is weighing an "unprecedented" penalty for DiDi (DIDI), Bloomberg says [more]
• Activision Blizzard (ATVI) has been sued by the California Department of Fair Employment and Housing over its "sexist" culture [more]
  
• Tesla's (TSLA) $7B factory in Berlin runs into many delays, NY Times reports [more]
  
• AerCap (AER) is set to secure unconditional EU approval for its $30B bid to acquire GE's (GE) aircraft leasing business, Reuters says [more]
  
• The CPSC aims to label Amazon (AMZN) a "distributor," Bloomberg reports [more]
  

4. MOVERS: 

• NRx Pharmaceuticals (NRXP) rises after announcing the first commercial formulation of Zyesami for intravenous use [more]
• FirstEnergy (FE) higher after reaching an agreement with the U.S. Attorney’s Office for the Southern District of Ohio to resolve the previously disclosed investigation [more]
  
• Zoom Video Communications (ZM) increases after Bloomberg reported the company is in talks to invest in a deal that would see Cvent return to the public market via a merger with a blank-check company [more]
  
• Seres Therapeutics (MCRB) lower after announcing its Phase 2b study of SER-287 did not meet its primary endpoint [more]
  
• Netgear (NTGR) falls after reporting quarterly results [more]
  

5. EARNINGS/GUIDANCE: 

• Kinder Morgan (KMI) reported better than expected Q2 results [more]
• Biogen (BIIB) provided "beat and raise" report for Q2 [more]
  
• Domino's Pizza (DPZ) reported quarterly results and announced a new $1B share buyback [more]
  
• Las Vegas Sands (LVS) reported downbeat Q2 results [more]
  
• Crocs (CROX) reported upbeat Q2 results [more]
  

INDEXES: 

Near midday, the Dow was down 12.59, or 0.04%, to 34,785.41, the Nasdaq was up 15.46, or 0.11%, to 14,647.42, and the S&P 500 was down 0.57, or 0.01%, to 4,358.12.