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

1. STOCK NEWS:

• Elon Musk confirmed that his advisors sent a letter notifying Twitter that he intends to proceed to closing of the transaction contemplated by the April 25 merger agreement of $54.20 per share in cash [more]
• Poshmark (POSH) agreed to be acquired by Naver for $17.90 per share [more]
• Micron (MU) will invest up to $100B to build a "megafab" semiconductor fabrication facility in upstate New York [more]
• Ford (F) reported September U.S. vehicle sales fell 8.9% year-over-year [more]
• DXC Technology (DXC) confirmed it received a takeover approach, saying it is engaged in talks [more]

2. WALL STREET CALLS:

• Wells Fargo downgrades Paramount (PARA) on "crumbling" linear ecosystem [more]
• Domino's Pizza (DPZ) upgraded to Buy from Neutral at UBS [more]
• Gilead (GILD) upgraded to Overweight from Neutral at JPMorgan [more]
• Amazon (AMZN) remains JPMorgan's top internet idea, followed by Uber (UBER) [more]
• CommScope (COMM) upgraded to Outperform from Neutral at Credit Suisse [more]

3. AROUND THE WEB:

• Samsung (SSNLF) to triple advanced chip output by 2027, Nikkei Asia reports [more]
• The Biden administration intends to limit sales of technology to China, NY Times reports [more]
• Boeing's (BA) 737 MAX 10 may not get FAA approval until the summer, Reuters reports [more]
• Amazon (AMZN) freezes hiring for all corporate roles in retail business, NY Times says [more]
• Apple (AAPL) suppliers expand manufacturing sites in the U.S., WSJ reports [more]

4. MOVERS:

• Inhibrx (INBX) higher after announcing potential to pursue accelerated approval in U.S. for INBRX-101 [more]
• Rivian (RIVN) rises after reporting it produced 7,364 vehicles in Q3, up from 6,584 vehicles during the same period last year [more]
• Core Scientific (CORZ) up after Barclays initiated coverage of the stock with an Overweight rating and $3 price target [more]
• KalVista (KALV) decreases after announcing the termination of KVD824 Phase 2 KOMPLETE trial [more]
• Maravai LifeSciences (MRVI) falls after appointing William Martin as its new CEO [more]

5. EARNINGS/GUIDANCE:

• Hasbro (HAS) cut its FY22 revenue guidance while offering a long-term outlook with 2027 financial targets at its investor day [more]
• AXT Inc. (AXTI) lowered its Q3 revenue guidance [more]
• Acuity Brands (AYI) reported upbeat Q4 results [more]
• Reborn Coffee (REBN) reported higher sales, greater losses than in Q2 of last year [more]
• American Electric (AEP) narrowed its FY22 operating earnings outlook [more]

INDEXES:

The Dow rose 825.43, or 2.80%, to 30,316.32, the Nasdaq gained 360.97, or 3.34%, to 11,176.41, and the S&P 500 advanced 112.50, or 3.06%, to 3,790.93.