Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 

1. STOCK NEWS: 

• Broadcom (AVGO) announced an agreement to acquire all of the outstanding shares of VMware (VMW) in a cash-and-stock transaction that values the latter at approximately $61B [more]
• Elon Musk disclosed he has committed to provide an additional $6.25B in equity financing for Twitter (TWTR) deal [more]
  
• Alibaba (BABA) reported an earnings beat that JPMorgan attributes to cost optimization initiatives [more]
  
• Macy's (M) reported better-than-expected Q1 results and raised its FY22 EPS view [more]
  
• Bloomberg said Apple (AAPL) is planning to keep iPhone production roughly flat in 2022 at about 220M units [more]
  

2. WALL STREET CALLS: 

• UBS cuts Kraft Heinz (KHC) to Sell, sees private label trade-down risk not priced in [more]
• Lululemon (LULU) upgraded to Overweight from Equal Weight at Morgan Stanley [more]
  
• Jefferies cuts Tesla (TSLA) price target on governance risk, challenging market [more]
  
• Centene (CNC) downgraded to Neutral from Buy at BofA [more]
  
• Cowen says Coinbase (COIN) "built to last," starts at Outperform [more]
  

3. AROUND THE WEB: 

• Blackstone (BX) fund buying rights to Justin Timberlake's song catalog, WSJ reports [more]
• Hacker stole database with info on Verizon (VZ) employees, Vice reports [more]
  
• Production of Apple's (AAPL) iPhone 14 Max seen being "weeks" behind schedule, MacRumors reports [more]
  
• Twitter (TWTR) investors vote to remove Silver Lake's Durban from board, CNBC reports [more]
  
• Amazon (AMZN) shareholders approved CEO pay package, voted down proposals on unionization, Seattle Times reports [more]
  

4. MOVERS: 

• Dollar General (DG) and Dollar Tree (DLTR) are both jumping after Q1 results beat estimates [more]
• Baidu (BIDU) rose in New York trading after reporting first quarter results [more]
  
• Modine Manufacturing (MOD) advanced after its Q4 report and FY23 guidance [more]
  
• ViaSat (VSAT) lower after issuing shareholder letter for Q4 and offering FY23 guidance [more]
  
• TrueBlue (TBI) slides after stock was downgraded to Market Perform from Outperform at BMO Capital [more]
  

5. EARNINGS/GUIDANCE: 

• Nvidia (NVDA) reported "strong" April results, but gave below-consensus Q2 guidance [more]
• Nutanix (NTNX) was downgraded at BofA and William Blair after guiding Q4 ACV billings, revenue and free cash flow lower and not reaffirming its FY23 targets [more]
  
• Medtronic (MDT) reported Q4 earnings and revenue below estimates [more]
  
• Williams-Sonoma (WSM) reported a Q1 earnings beat and reaffirmed FY22 guidance [more]
  
• Snowflake (SNOW) reported what several analysts called "solid" Q1 results, but management commentary around slower consumption at consumer-facing clouds in April "hit a nerve with investors" [more]
  

INDEXES: 

Near midday, the Dow was up 508.62, or 1.58%, to 32,628.90, the Nasdaq was up 288.83, or 2.53%, to 11,723.57, and the S&P 500 was up 75.81, or 1.91%, to 4,054.54.