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

1. STOCK NEWS:

Zendesk (ZEN) agreed to be acquired by an investor group in an all-cash transaction that values the company at approximately $10.2B, or $77.50 per share [more]
FedEx (FDX) reported what JPMorgan analyst Brian Ossenbeck called "another messy quarter," though he raised the firm's price target and expected the shares to "modestly outperform" following last night's report [more]
The Federal Reserve released annual bank stress test results, which showed that banks continue to have strong capital levels [more]
Sanofi (SNY) and GlaxoSmithKline (GSK) said that their COVID-19 vaccine was "successful" against the omicron variant in a trial [more]
DB Schenker will acquire USA Truck (USAK) for $31.72 per share in cash [more]

2. WALL STREET CALLS:

Altria Group (MO) upgraded to Equal Weight from Underweight at Morgan Stanley [more]
H.B. Fuller (FUL) downgraded to Underweight on lack of cash flow at JPMorgan [more]
Wells Fargo upgrades "excellent defensive name" Becton Dickinson (BDX) to buy [more]
Shopify (SHOP) resumed with an Equal Weight at Morgan Stanley [more]
iHeartMedia (IHRT) downgraded to Neutral from Buy at BofA [more]

3. AROUND THE WEB:

Merck (MRK) is moving forward with a potential Seagen (SGEN) deal, WSJ reports [more]
SoftBank's (SFTBY) Masayoshi Son prefers U.S. share listing for Arm, FT reports [more]
Citron's Andrew Left reiterated his belief to Insider that Amazon (AMZN) will acquire Jumia Technologies (JMIA) [more]
Amazon (AMZN) ad employees are leaving the company amid bloat and bureaucracy concerns, The Information reports [more]
Twitter (TWTR) is giving Tesla (TSLA) CEO Elon Musk even more user data, Insider reports [more]

4. MOVERS:

Bausch Health (BHC) advanced after announcing the resignation of chairman Joseph Papa and the appointment of John Paulson to the position [more]
Wolfspeed (WOLF) gained after Goldman Sachs upgraded the stock to Buy [more]
Kanzhun (BZ) rose in New York after reporting quarterly results [more]
Avya (AVYA) declined after announcing it sold $150M of 2027 secured notes [more]
LendingTree (TREE) fell after the company lowered its Q2 revenue guidance [more]

5. EARNINGS/GUIDANCE:

CarMax (KMX) reported upbeat Q1 earnings and revenue [more]
Smith & Wesson Brands (SWBI) reported better-than-expected earnings and revenue [more]
Carnival (CCL) reported downbeat Q2 results [more]
Quotient (QTNT) reported better-than-expected 2022 results [more]
BlackBerry (BB) reported what TD Securities analyst Daniel Chan said was a "low-quality" Q1 beat [more]

INDEXES:

The Dow rose 824.18, or 2.69%, to 31,501.54, the Nasdaq gained 375.43, or 3.34%, to 11,607.62, and the S&P 500 advanced 116.04, or 3.06%, to 3,911.77.