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:

• Sanofi (SNY) agreed to acquire Kadmon (KDMN) for $1.9B in cash [more]
• PayPal (PYPL) agreed to acquire Paidy for $2.7B [more]
• Spectrum Brands (SPB) agreed to sell its Hardware & Home Improvement segment for $4.3B [more]
• The U.S. Department of Energy has established new solar energy goals [more]
• In its latest Beige Book report, the Federal Reserve said that economic growth "downshifted slightly" in early July through August [more]

2. WALL STREET CALLS:

• Universal Health (UHS) downgraded to Sell from Neutral at Goldman Sachs [more]
• AT&T (T) initiated with a Buy at LightShed Partners [more]
• Another Netflix (NFLX) analyst gets more bullish ahead of coming burst of content [more]
• Albemarle (ALB) upgraded to Buy from Sell at Berenberg [more]
• App Store headlines "more bark than bite" for Apple (AAPL), says Morgan Stanley [more]

3. AROUND THE WEB:

• Elliott Management has accumulated a stake of over $1B in Citrix (CTXS), WSJ reports [more]
• Canada Goose (GOOS) has been fined in China for "misleading" consumers in ads, Bloomberg says [more]
• Samsung (SSNLF) is investing $230M to build an R&D center in Hanoi, DigiTimes reports [more]
• Target (TGT) chief information officer Mike McNamara intends to retire in 2022, WSJ says [more]
• Amazon (AMZN) is developing a new point-of-sale system, Insider reports [more]

4. MOVERS:

• ICU Medical (ICUI) jumps after agreeing to acquire Smiths Medical unit for $2.35B in a cash and stock deal [more]
• LHC Group (LHCG) rises after agreeing to acquire home and hospice assets in 22 states from HCA Healthcare (HCA) and Brookdale Senior Living (BKD) [more]
• Perrigo (PRGO) higher after agreeing to acquire Hera SAS for $2.1B in cash [more]
• Vertiv Holdings (VRTV) slips after lowering Q3 and FY21 guidance following the announcement the company will acquire E&I Engineering [more]
• Rev Group (REVG) lower after reporting quarterly results [more]

5. EARNINGS/GUIDANCE:

• Sherwin-Williams (SHW) cut its Q3 sales forecast [more]
• Philip Morris (PM) reiterated its Q3 and FY21 EPS guidance [more]
• Kraft Heinz (KHC) affirmed its FY21 adjusted EBITDA view [more]
• UiPath (PATH) reported Q2 losses that were steeper than expected [more]
• Korn Ferry (KFY) reported upbeat Q1 results [more]

INDEXES:

The Dow fell 68.93, or 0.20%, to 35,031.07, the Nasdaq lost 87.69, or 0.57%, to 15,286.64, and the S&P 500 declined 5.96, or 0.13%, to 4,514.07.