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

1. STOCK NEWS: 

• Nvidia (NVDA) said it was informed of a new licenses requirement for China and Russia export by the U.S. Commerce Department [more]
• AMD (AMD) told Reuters the new China export rules are not expected to have a material impact [more]
  
• Hormel Foods (HRL) reported mixed Q3 results but cut its FY22 earnings guidance [more]
  
• Campbell Soup (CPB) reported downbeat Q4 revenue and provided FY23 earnings and revenue guidance [more]
  
• Novo Nordisk (NVO) agreed to acquire Forma Therapeutics (FMTX) for $20 per share in cash [more]
  

2. WALL STREET CALLS: 

• Raymond James downgrades Bed Bath & Beyond (BBBY) to sell on "abysmal" trends [more]
• Western Digital (WDC) downgraded to Sell at Benchmark following peer Seagate's (STX) forecast [more]
  
• Vulcan Materials (VMC) upgraded to Buy from Hold at Vertical Research [more]
  
• HP Inc. (HPQ) cut to Hold at Loop Capital on Poly integration, slowing demand [more]
  
• Baidu (BIDU) upgraded to Overweight from Neutral at JPMorgan [more]
  

3. AROUND THE WEB: 

• IAC (IAC) beat an investor suit over its Match Group (MTCH) spinoff, Bloomberg reports [more]
• Bear Cave's Edwin Dorsey sees "problems" at AMMO (POWW) [more]
  
• Microsoft's (MSFT) proposed takeover of Activision Blizzard (ATVI) is facing an in-depth U.K. probe, Bloomberg says [more]
  
• Ford (F) is recalling 198,000 U.S. SUVs due to fire risk, Reuters reports [more]
  
• T-Mobile (TMUS) is cutting staff in its engineering and network divisions, WSJ reports [more]
  

4. MOVERS: 

• Turquoise Hill (TRQ) gains in New York after entering an agreement to be acquired by Rio Tinto (RIO) [more]
• Nutanix (NTNX) higher after reporting quarterly results [more]
  
• Semtech (SMTC) and MongoDB (MDB) fall after reporting quarterly results [more]
  
• Liquidia (LQDA) declines after judge issued opinion on the company’s patent fight with Untied Therapeutics (UTHR) [more]
  
• Asana (ASAN) lower after Citi initiated coverage of the stock with a Neutral rating and $23 price target [more]
  

5. EARNINGS/GUIDANCE: 

• Okta (OKTA) reported what Stifel analyst Adam Borg described as a "disappointing quarter" that included go-to-market integration and execution issues, a lowering of fiscal year billings guidance and the re-evaluating of its existing FY26 targets. [more]
• Pure Storage (PSTG) reported better-than-expected Q2 earnings and revenue [more]
  
• Five Below (FIVE) reported downbeat Q2 results [more]
  
• Signet Jewelers (SIG) reported mixed Q2 results [more]
  
• Ciena (CIEN) reported lower-than-expected Q3 results [more]
  

INDEXES: 

Near midday, the Dow was down 116.59, or 0.37%, to 31,393.84, the Nasdaq was down 232.72, or 1.97%, to 11,583.49, and the S&P 500 was down 36.21, or 0.92%, to 3,918.79.