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

1. STOCK NEWS:

• Salesforce (CRM) announced a restructuring and a 10% workforce reduction [more]
• China paused chip industry investments as COVID resurges, Bloomberg reports [more]
• GE Healthcare (GEHC) completed its spin-off from GE (GE) [more]
• Ireland's DPC fines Meta (META) EUR390M for breaches of the GDPR [more]
• General Motors (GM) reported a 41% increase in U.S. sales in Q4, while Toyota (TM) saw a 13.1% rise in U.S. sales in Q4 [more]

2. WALL STREET CALLS:

• Microsoft (MSFT) downgraded to Neutral from Buy at UBS [more]
• Target (TGT) downgraded to Equal Weight from Overweight at Wells Fargo [more]
• Boston Beer (SAM) downgraded to Underperform from Hold at Jefferies [more]
• Barclays upgrades Veeva (VEEV) to Overweight as defensive pick [more]
• Pfizer (PFE) downgraded to Neutral, Merck (MRK) upgraded to Buy at BofA [more]

3. AROUND THE WEB:

• 3M (MMM) has attempted to contain liability over "forever chemicals," earplugs, WSJ reports [more]
• SMFG (SMFG) is eyeing a larger stake in Jefferies (JEF), Nikkei reports [more]
• Fox Corp. (FOX) and News Corp. (NWS) renew office leases in Manhattan, WSJ says [more]
• Lawyer says U.S. seizing FTX-linked Robinhood (HOOD) stake, Bloomberg reports [more]
• ACI Worldwide (ACIW) is in talks with private equity about a possible sale, Bloomberg says [more]

4. MOVERS:

• Geron (GERN) rises after reporting “positive” results from its IMerge Phase 3 trial of imetelstat [more]
• Hayward (HAYW) higher after Jefferies upgraded the stock to Buy from Hold [more]
• Vera Therapeutics (VERA) lower after announcing results from its ORIGIN clinical trial [more]
• Mobileye (MBLY) declines in New York after announcing pact with Wistron NeWeb for software-defined imaging radars [more]
• ZoomInfo (ZI) slides after BofA downgraded the stock to Neutral [more]

5. EARNINGS/GUIDANCE:

• Perion Network (PERI) reported upbeat preliminary Q4 revenue [more]
• SGH (SGH) reported upbeat Q1 results [more]
• UniFirst (UNF) reported better-than-expected Q1 earnings and revenue [more]
• Theratechnologies (THTX) provided upbeat 2022 revenue guidance [more]
• Deciphera (DCPH) provided upbeat Q4 and FY22 revenue guidance [more]

INDEXES:

The Dow rose 133.40, or 0.40%, to 33,269.77, the Nasdaq gained 71.78, or 0.69%, to 10,458.76, and the S&P 500 advanced 28.83, or 0.75%, to 3,852.97.