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

1. STOCK NEWS:

Merck (MRK) agreed to acquire Prometheus Biosciences (RXDX) for $200 per share [read more]
Alphabet (GOOGL) shares slid as the New York Times highlighted risk in search from Microsoft's (MSFT) Bing AI efforts [read more]
Charles Schwab (SCHW) reported upbeat Q1 earnings but paused its buyback program amid "regulatory uncertainty" [read more]
M&T Bank (MTB) reported a year-over-year boost in Q1 earnings [read more]
State Street (STT) reported lower-than-expected Q1 earnings and revenue [read more]

2. WALL STREET CALLS:

Meta Platforms (META) downgraded to Neutral from Buy at New Street [read more]
Biogen (BIIB) upgraded to Overweight from Neutral at Piper Sandler [read more]
Dell Technologies (DELL) downgraded to Neutral from Overweight at JPMorgan [read more]
Enphase Energy (ENPH) upgraded to Overweight from Neutral at Piper Sandler [read more]
JPMorgan upgraded Lumentum (LITE) to Overweight from Neutral [read more]

3. AROUND THE WEB:

MSG Entertainment (MSGE) is in advanced talks to sell Tao for about $550M, Bloomberg says [read more]
HSBC’s (HSBC) largest shareholder Ping An will urge the company to raise its dividend and make regular structural reviews, Financial Times reports [read more]
Xpeng (XPEV) to cut costs with new vehicle manufacturing platform, Reuters reports [read more]
Lululemon (LULU) is exploring the sale of its Mirror unit, Bloomberg reports [read more]
Manchester United (MANU) owners the Glazer brothers are confident in securing an outside investment that will enable them to remain owners, ESPN reports [read more]

4. MOVERS:

Amneal Pharmaceuticals (AMRX) increases after providing Q1 revenue guidance [read more]
Agenus (AGEN) higher after receiving Fast Track Designation from FDA for combination of botensilimab and balstilimab [read more]
Cano Health (CANO) gains after announcing the separation of Chairman and CEO roles [read more]
Roblox (RBLX) falls after reporting March metrics including bookings and revenue [read more]
Catalent (CTLT) lower after Bloomberg reported Danaher (DHR) has shelved its pursuit of a takeover of the contract manufacturer [read more]

5. EARNINGS/GUIDANCE:

MainStreet Bancshares (MNSB) reports Q1 EPS higher than consensus [read more]
Viavi (VIAV) cuts it Q3 revenue view and CEO Oleg Khaykin said the company continues to see “stabilization of demand” for its field instruments [read more]
Garrett Motion (GTX) raises FY23 revenue view and provides Q1 guidance [read more]
Laser Photonics (LASE) postpones providing guidance until Q1 results [read more]
SPAR Group (SGRP) reports Q4 revenue and EPS that were higher year-over-year [read more]

INDEXES:

The Dow rose 100.71, or 0.30%, to 33,987.18, the Nasdaq gained 34.26, or 0.28%, to 12,157.72, and the S&P 500 advanced 13.68, or 0.33%, to 4,151.32.