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:

• General Motors (GM) trading lower despite "beat and raise" report for Q2 [more]
• Ford (F) reported a 31.8% drop in July U.S. car sales [more]
• The European Commission has approved a new Novavax (NVAX) COVID-19 vaccine contract for up to 200M doses [more]
• Zymergen (ZY) plunges after business update, saying it no longer expects product revenue in 2021 and announcing that Josh Hoffman will step down as CEO [more]
• VICI Properties (VICI) will acquire MGM Growth Properties (MGP) in a deal valuing MGP at $17.2B [more]

2. WALL STREET CALLS:

• Under Armour (UAA) upgraded to Overweight with $30 target at JPMorgan [more]
• Rhythm Pharmaceuticals (RYTM) downgraded to Neutral at Ladenburg and downgraded to Underperform at BofA [more]
• Zymergen (ZY) downgraded at no less than six firms, including BofA double downgrades to sell on "worrying" execution issues [more]
• Capri Holdings (CPRI) upgraded to Outperform at Cowen on innovation and valuation [more]
• Corsair Gaming (CRSR) downgraded to Neutral at Credit Suisse following Q2 results [more]

3. AROUND THE WEB:

• The FDA aims to give Pfizer's (PFE) COVID-19 vaccine final approval by Labor Day or sooner, NY Times reports [more]
• The DOJ is weighing blocking UnitedHealth's (UNH) planned acquisition of Change Healthcare (CHNG), Information says [more]
• Boeing's (BA) 737 MAX heads to China for a key test, Bloomberg reports [more]
• DoorDash (DASH) is in talks to acquire a stake in Gorillas, FT says [more]
• Car makers will join President Biden to roll out emission cut and electric vehicle targets, Bloomberg reports [more]

4. MOVERS:

• BeyondSpring (BYSI) surges after reporting “positive” topline data from its DUBLIN-3 registrational trial in plinabulin in combination with docetaxel [more]
• eXp World Holdings (EXPI), New York Times (NYT) and Landmark Infrastructure (LMRK) higher after reporting quarterly results [more]
• Surgery Partners (SGRY), Greenlight Capital Re (GLRE) and Clovis (CLVS) lower after reporting quarterly results [more]
• Tellurian (TELL) declines after announcing a 35M share offering priced at $3 [more]
• Callon Petroleum (CPE) slides after entering agreement to acquire leasehold interests and related oil, gas, and infrastructure assets of Primexx Energy Partners and affiliates [more]

5. EARNINGS/GUIDANCE:

• Lyft (LYFT) reported company's first quarterly adjusted EBITDA profit [more]
• Match Group (MTCH) provided upbeat revenue guidance for Q3, FY21 [more]
• Akamai (AKAM) provided "beat and raise" Q2 report [more]
• Activision Blizzard (ATVI) also provided a "beat and raise" report for Q2 [more]
• CVS Health (CVS) raised its revenue guidance for FY21 [more]

INDEXES:

The Dow fell 323.73, or 0.92%, to 34,792.67, the Nasdaq gained 19.24, or 0.13%, to 14,780.53, and the S&P 500 declined 20.49, or 0.46%, to 4,402.66.