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:

• Boeing (BA) jumps after announcing plans to invest in SPAC merger between NextGen (NGCA) and Virgin Orbit [more]
• Coinbase (COIN) and other crypto names rallied as the price of bitcoin topped the $50,000 level for the first time since mid-May [more]
• General Motors (GM) expands recall of Bolt EVs, sees additional $1B in costs [more]
• PayPal (PYPL) launches the ability to buy, hold and sell cryptocurrency in the U.K. [more]
• Landmark Infrastructure (LMRK) to be acquired by Landmark Dividend for $16.50 per unit [more]

2. WALL STREET CALLS:

• Facebook (FB) downgraded to Neutral from Buy at Arete, saying Facebook's growth is reliant on advertising pricing, which is likely to see pressure [more]
• Snap (SNAP) upgraded to Buy from Neutral at Arete, as analyst Rocco Strauss believes Snap will benefit from advertising budgets shifting to second-tier platforms [more]
• Dycom (DY) upgraded to Overweight from Equal Weight at Wells Fargo on fiber investment cycle [more]
• Duolingo (DUOL) initiated with an In Line at Evercore ISI [more]
• Robinhood (HOOD) initiated with a Neutral at Goldman Sachs [more]

3. AROUND THE WEB:

• Chevron (CVX) requiring COVID-19 vaccinations for some employees, WSJ reports [more]
  
• Report on Roblox (RBLX) claims platform exploits young game developers, Wired says [more]
  
• Endeavor (EDR) staff upset over IPO, mainly benefited CEO Emanuel, NY Post reports [more]
  
• Samsung (SSNLF) planning increased investment in Vietnam, DigiTimes reports [more]
  
• U.K.'s CMA to probe S&P Global (SPGI), IHS Markit (INFO) deal, Reuters reports [more]

4. MOVERS:

• Trillium Therapeutics (TRIL) soars in New York after entering into a definitive agreement to be acquired by Pfizer (PFE) for $2.26B, or $18.50 per share, in cash [more]
• BioNTech (BNTX) and Pfizer gain in New York after the FDA approved their Covid-19 vaccine, which will now be marketed as Cormirnaty for the prevention of Covid-19 disease in individuals 16 years of age and older [more]
• Velodyne Lidar (VLDR) higher after David Hall, the largest holder of outstanding stock of the company, issued an open letter to the company’s board of directors calling for the chairman and director of the company to resign [more]
• Lyft (LYFT) and Uber (UBER) lower after Alameda County Superior Court Judge Frank Roesch ruled that California’s 2020 ballot measure exempting rideshare and food delivery drivers from a state labor law is unconstitutional [more]
• 360 DigiTech (QFIN) falls in New York after Citi analyst Judy Zhang lowered the firm’s price target on the stock to $24.99 from $43.67 and keeps a Buy rating on the stock [more]

5. EARNINGS/GUIDANCE:

• JD.com (JD) reported better than expected EPS and revenue for Q2, while adding a record number of new users [more]
  
• MSG Entertainment (MSGE) revenue for Q4 came in well above analysts' estimates [more]
  
• SomaLogic (SLGC) forecast 2021 revenue exceeding $66.7M by 10% or higher [more]
  
• Jamf Holding (JAMF) reported an in-line Q2 report and also provided guidance for Q3 and FY21 that was relatively in line with consensus estimates [more]
• Legend Biotech's (LEGN) EPS was in line with estimates, but revenue of $20.2M exceeded the $9.13M consensus [more]

INDEXES:

Near midday, the Dow was up 260.59, or 0.75%, to 35,380.69, the Nasdaq was up 207.07, or 1.4%, to 14,921.61, and the S&P 500 was up 42.02, or 0.95%, to 4,483.83.