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

1. STOCK NEWS:

First Republic (FRC) has been placed into receivership, with JPMorgan (JPM) assuming all deposits and acquiring the majority of the assets of the bank [read more]
Astellas (ALPMY) agreed to acquire Iveric Bio (ISEE) for $40 per share in cash [read more]
Norwegian Cruise Line (NCLH) reported upbeat Q1 results and provided adjusted earnings guidance for Q2 and 2023 [read more]
Check Point (CHKP) reported mixed Q1 results and reiterated its FY23 outlook [read more]
The FDIC has released a report detailing options for deposit insurance reform [read more]

2. WALL STREET CALLS:

Morgan Stanley upgraded "oversold" General Motors (GM) to Overweight [read more]
Exxon Mobil (XOM) downgraded to Neutral from Buy at Goldman Sachs [read more]
Comcast (CMCSA) upgraded to Buy from Neutral at BofA [read more]
Doximity (DOCS) downgraded to Equal Weight on slowing ad growth at Wells Fargo [read more]
Scotts Miracle-Gro (SMG) upgraded to Buy from Hold at Stifel [read more]

3. AROUND THE WEB:

Deutsche Bank (DB) is planning a hiring spree as well as expanding its investment banking advisory team, FT reports [read more]
Energizer (ENR) and Walmart (WMT) are being sued for conspiring to raise battery prices, Reuters reports [read more]
Carvana (CVNA) creditors propose debt-for-equity swap, Bloomberg reports [read more]
Arm's listing fuels SoftBank (SFTBY) going-private speculation, Nikkei reports [read more]
Meta (META) eyes raising $7B in a blue-chip bond offering, Bloomberg says [read more]

4. MOVERS:

Nano-X Imaging (NNOX) higher in New York after announcing FDA clearance of its Nanox.ARC Imaging System [read more]
Alignment Healthcare (ALHC) up after Raymond James upgraded the stock to Outperform [read more]
FuelCell (FCEL) gains after receiving an order from ExxonMobil (XOM) for long-lead fuel cell stack module [read more]
Pliant Therapeutics (PLRX) slides after announcing long-term data from its INTEGRIS-IPF Phase 2a trial of bexotegrast [read more]
Valley National (VLY) falls after Raymond James downgraded the stock to Market Perform [read more]

5. EARNINGS/GUIDANCE:

SoFi Technologies (SOFI) raised its FY23 revenue view along with its Q1 report [read more]
Global Payments (GPN) raised its FY23 EPS and revenue guidance based on the company’s “strong performance,” CFO Josh Whipple said [read more]
TG Therapeutics (TGTX) delivered Q1 results that beat consensus [read more]
SJW Group (SJW) reported Q1 revenue and EPS that beat consensus and also raised its FY23 EPS guidance [read more]
Provident Financial (PFS) provided Q1 results, which CEO Anthony Labozzetta said were “solid” [read more]

INDEXES:

The Dow fell 46.46, or 0.14%, to 34,051.70, the Nasdaq lost 13.99, or 0.11%, to 12,212.60, and the S&P 500 declined 1.61, or 0.039%, to 4,167.87.