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

1. STOCK NEWS:

U.S. regulators said that Signature Bank (SBNY) has been closed by a state authority [read more]
SVB Financial (SIVB) has appointed a restructuring committee to explore strategic alternatives after regulators announced over the weekend that SVB depositors will have access to all money [read more]
Sanofi (SNY) has agreed to acquire Provention Bio (PRVB) for $25 per share [read more]
Pfizer (PFE) agreed to acquire Seagen (SGEN) for $229 per share in cash [read more]
HSBC (HSBC) acquired Silicon Valley Bank UK for GBP 1 [read more]

2. WALL STREET CALLS:

Wells Fargo upgrades JPMorgan (JPM) on "Goliath is Winning" theme [read more]
Tesla (TSLA) downgraded to Peer Perform from Outperform at Wolfe Research [read more]
First Republic (FRC) was downgraded to Market Perform from Strong Buy at Raymond James and to Peer Perform from Outperform at Wolfe Research in the aftermath of SVB Financial's (SIVB) failure [read more]
Moderna (MRNA) upgraded to Outperform from Market Perform at TD Cowen [read more]
Nikola (NKLA) initiated with an Equal Weight at Morgan Stanley [read more]

3. AROUND THE WEB:

Carl Icahn issued an open letter to Illumina (ILMN) shareholders, saying his board nominees plan to bring "badly needed dose of sanity" to board [read more]
Bear Cave sees "more problems" at Coinbase (COIN) [read more]
The Biden administration approves ConocoPhillips' (COP) Willow project in Alaska, AP reports [read more]
Meta (META) is exploring strategic alternatives for Kustomer, WSJ reports [read more]
Apple (AAPL) CEO Tim Cook pushes ahead with mixed reality headset debut for 2023, FT reports [read more]

4. MOVERS:

ZIM Integrated (ZIM) gains in New York after reporting quarterly results [read more]
Hut 8 Mining (HUT) higher after providing an update on its combination with USBTC [read more]
Marathon Digital (MARA) gains as stocks levered to bitcoin prices trade higher [read more]
Under Armour (UAA) lower after JPMorgan downgraded the stock to Neutral [read more]
KeyCorp (KEY) falls after Odeon Capital downgraded the stock to Hold [read more]

5. EARNINGS/GUIDANCE:

Myomo (MYO) reported mixed Q4 results [read more]
iCAD (ICAD) provided downbeat Q4 revenue [read more]
NewtekOne (NEWT) reiterated its earnings outlook for FY23 and FY24 [read more]
Zynex (ZYXI) reported downbeat Q4 revenue [read more]
Lightning eMotors (ZEV) reported mixed Q4 results [read more]

INDEXES:

Near midday, the Dow was up 286.04, or 0.90%, to 32,195.68, the Nasdaq was up 181.21, or 1.63%, to 11,320.10, and the S&P 500 was up 39.92, or 1.03%, to 3,901.51.