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: 

• Disney (DIS) quarterly results beat estimates, including 116M total paid Disney+ subscribers [more]
• Airbnb (ABNB) also reported better than expected earnings and revenue for Q2 [more]
  
• JBS (JBSAY) offered to acquire the stake it doesn't already owns in Pilgrim's Pride (PPC) for $26.50 per share [more]
  
• Kansas City Southern's (KSU) board determined that the Canadian Pacific (CP) acquisition proposal was not superior to the Canadian National (CNI) offer [more]
  
• The FDA has authorized an additional Pfizer (PFE) or Moderna (MRNA) COVID-19 vaccine dose for the immunocompromised [more]
  

2. WALL STREET CALLS: 

• ContextLogic (WISH) downgraded to Underweight from Overweight at JPMorgan, downgraded to Underperform from Neutral at BofA and downgraded to Perform ratings at William Blair, Oppenheimer and Cowen after earnings report reveals weaker business trajectory [more]
• Activision Blizzard (ATVI) upgraded to Buy from Neutral at Citi [more]
  
• Micron (MU) removed from Top Picks list at Evercore ISI, price target lowered to $100 [more]
  
• Coinbase (COIN) initiated with a Neutral rating and $273 price target at BofA [more]
  
• GoodRx (GDRX) upgraded to Outperform from Market Perform at Raymond James [more]
  

3. AROUND THE WEB: 

• Cisco (CSCO) will acquire Epsagon for $500M, Globes reports [more]
• Apple's (AAPL) iPhone 13 will launch with a bigger battery and new chipset, AppleInsider reports [more]
  
• Boeing (BA) confirmed it is working to open Starliner valves [more]
  
• Nissan (NSANY) will temporarily halt production at its Smyrna plant in Tennessee, Nikkei says [more]
  
• The U.K.'s competition watchdog may force Facebook (FB) to sell Giphy, Guardian reports [more]
  

4. MOVERS: 

• Upstart Holdings (UPST) higher after Barclays analyst Ramsey El-Assal upgraded the stock to Overweight from Equal Weight with a price target of $230, up from $130 [more]
• Virgin Galactic (SPCE) dips after Sir Richard Branson discloses sale of shares [more]
  
• AbCellera (ABCL), Rocket Companies (RKT), and Pretium Resources (PVG) rise in New York after reporting quarterly results [more]
  
• Rigel Pharmaceuticals (RIGL) lower after the FDA informed the company that the results from its Phase 2 trial of fostamatinib were insufficient for an emergency use authorization at this time [more]
  
• SoFi Technologies (SOFI), SOC Telemed (TLMD), and Tattooed Chef (TTCF) lower after reporting quarterly results [more]
  

5. EARNINGS/GUIDANCE: 

• Honest Company (HNST) reported downbeat Q2 results [more]
• DoorDash (DASH) reported better than expected Q2 revenue [more]
  
• Cricut (CRCT) reported Q2 results that prompted downgrades at Morgan Stanley and Goldman Sachs [more]
  
• Boxlight (BOX) provided upbeat Q3 revenue guidance [more]
  
• 23andMe (ME) provided 2022 revenue guidance [more]
  

INDEXES: 

Near midday, the Dow was up 41.05, or 0.12%, to 35,540.90, the Nasdaq was down 4.80, or 0.03%, to 14,811.46, and the S&P 500 was up 3.58, or 0.08%, to 4,464.41.