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: 

• AT&T (T) provided a "beat and raise" quarterly report [more]
• Southwest (LUV) and United Airlines (UAL) both traded lower after reporting quarterly results [more]
• CSX (CSX) and Union Pacific (UNP) both traded higher after reporting quarterly results [more]
• Uber Freight (UBER) will acquire Transplace from TPG Capital for $2.25B [more]
• Following an issue with the Edge DNS service, Akamai (AKAM) said that all systems are operational and that the bug in the system was not a result of a cyberattack [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]
• AerCap (AER) is set to secure unconditional EU approval for its $30B bid to acquire GE's (GE) aircraft leasing business, Reuters says [more]
• Amazon (AMZN) and Ford-backed (F) Rivian planning to build a second U.S. plant, Reuters reports [more]
• Hemisphere Media (HMTV) is exploring options, including a possible sale, Reuters says [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:

• Texas Instruments (TXN) slides after quarterly report, guidance [more]
• Kinder Morgan (KMI) reported better than expected Q2 results [more]
• Biogen (BIIB) gave a "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]

INDEXES:

The Dow rose 25.35, or 0.073%, to 34,823.35, the Nasdaq gained 52.64, or 0.36%, to 14,684.60, and the S&P 500 advanced 8.79, or 0.20%, to 4,367.48.