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 Electric (GE) announced plans to form three public companies focused on the sectors of aviation, healthcare, and energy [more]
• Pfizer (PFE) and BioNTech (BNTX) have asked the FDA to amend COVID-19 booster eligibility to all adults [more]
• Meta (MVRS) will remove certain ad targeting options in January [more]
• Danny Meyer's USHG Acquisition (HUGS) to become a cornerstone partner with Panera Brands as the latter comes back to the public market [more]
• Hertz (HTZ) opened on the Nasdaq at $26.25 after its so-called "re-IPO" was priced at $29 per share [more]

2. WALL STREET CALLS:

• JPMorgan double upgrades New Relic (NEWR) on "big change for the positive" [more]
• Cinemark (CNK) upgraded to Outperform from Neutral at Credit Suisse [more]
• Fisker (FSR) initiated with an Outperform at Credit Suisse [more]
• Conduent (CNDT) downgraded to Hold from Buy at Needham [more]
• Craig-Hallum downgrades SmileDirectClub (SDC) to Sell, cuts target to $3 [more]

3. AROUND THE WEB:

• CoreSite Realty (COR) exploring options after takeover approaches, Reuters reports [more]
• Tesla (TSLA) will likely set up a second EV factory in Shanghai, DigiTimes reports [more]
• Philip Morris (PM) CEO tells FT no longer pursuing combination with Altria (MO) [more]
• Netflix (NFLX) will launch a new short clip feature to attract children, Bloomberg reports [more]
• Starbucks (SBUX) is looking to delay a union election at three Buffalo-area stores, NY Times reports [more]

4. MOVERS:

• Luminar (LAZR) surges after lidar selected for Nvidia's (NVDA) autonomous vehicle platform [more]
• Pretium Resources (PVG) rises after agreeing to be acquired by Newcrest Mining (NCMGY) for C$18.50 per share [more]
• New Relic (NEWR) higher after reporting quarterly results [more]
• Robinhood (HOOD) falls after announcing a data security incident [more]
• Workhorse Group (WKHS) lower after reporting quarterly results [more]

5. EARNINGS/GUIDANCE:

• PayPal (PYPL) reported mixed Q3 results and announced that U.S. Venmo users will be able to pay with Venmo on Amazon.com (AMZN) next year [more]
• Roblox (RBLX) reported a 31% year-over-year increase in daily active users in Q3 [more]
• Palantir (PLTR) reported upbeat Q3 revenue, in-line earnings [more]
• Five9 (FIVN) provided upbeat Q4 and FY21 guidance [more]
• Lemonade (LMND) provided a "beat and raise" report for Q3 and agreed to acquire Metromile (MILE) in a roughly $500M deal [more]

INDEXES:

The Dow fell 112.24, or 0.31%, to 36,319.98, the Nasdaq lost 95.81, or 0.60%, to 15,886.54, and the S&P 500 declined 16.45, or 0.35%, to 4,685.25.