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

1. STOCK NEWS:

• Alibaba (BABA) plans to reorganize into six business groups and other investments [read more]
• Lyft (LYFT) named David Risher its next CEO [read more]
• Walgreens Boots Alliance (WBA) reported upbeat Q2 results and reaffirmed its FY23 earnings guidance [read more]
• McCormick (MKC) reported better-than-expected Q1 results [read more]
• PVH Corp. (PVH) reported upbeat Q1 earnings and revenue [read more]

2. WALL STREET CALLS:

• Paramount (PARA) upgraded to Buy from Neutral at BofA [read more]
• Fox (FOXA) downgraded to Neutral on lack of catalysts at BofA [read more]
• Occidental Petroleum (OXY) upgraded to Outperform from Market Perform at TD Cowen [read more]
• PagSeguro Digital (PAGS) upgraded to Buy from Neutral at Citi [read more]
• Array Technologies (ARRY) upgraded to Buy from Hold at Truist [read more]

3. AROUND THE WEB:

• Multiple suitors are interested in WWE (WWE), CNBC reports [read more]
• Dollar General (DG) deemed a "Severe Violator" by OSHA, NY Times reports [read more]
• Disney (DIS) has eliminated its metaverse unit, cutting roughly 50 jobs, WSJ reports [read more]
• Microsoft's (MSFT) GitHub cut its engineering team in India, TechCrunch reports [read more]
• Lucid Group (LCID) will eliminate 18% of its workforce, Insider reports [read more]

4. MOVERS:

• Biomea Fusion (BMEA) higher after announcing data from its ongoing Phase II study of BMF-219 [read more]
• AMC Entertainment (AMC) rises after a blog post speculation on Amazon (AMZN) interest, though Fox Business News' Charles Gasparino reported that there is no deal on the table [read more]
• Viking Therapeutics (VKTX) increases after announcing results from its Phase 1 trial of VK2735 [read more]
• Harmony (HRMY) falls after Scorpion Capital issued investigative report, said will file Citizen's Petition to request withdrawal of Harmony drug [read more]
• FiscalNote (NOTE) falls after reporting quarterly results [read more]

5. EARNINGS/GUIDANCE:

• Lovesac (LOVE) reported upbeat Q4 results [read more]
• Zynerba (ZYNE) reported in-line Q4 earnings [read more]
• TD Synnex (SNX) reported better-than-expected Q1 results [read more]
• Vera Therapeutics (VERA) reported downbeat 2022 earnings [read more]
• Core & Main (CNM) reported lower-than-expected Q4 results [read more]

INDEXES:

The Dow fell 37.83, or 0.12%, to 32,394.25, the Nasdaq lost 52.76, or 0.45%, to 11,716.08, and the S&P 500 declined 6.26, or 0.16%, to 3,971.27.