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

1. STOCK NEWS:

Airbnb (ABNB) reported upbeat Q1 results, but provided a softer-than-expected Q2 revenue outlook [read more]
Syneos Health (SYNH) reported better-than-expected Q1 results and agreed to be acquired by a private investment consortium for $7.1B [read more]
The European Union is set to clear Activision's (ATVI) takeover by Microsoft (MSFT) next week, according to Reuters [read more]
Rivian Automotive (RIVN) reported upbeat Q1 results and reiterated its annual guidance of 50,000 units produced [read more]
At its I/O Developer Conference, Google (GOOGL) unveiled a number of new AI-related features coming to its services, as well as multiple new smartphones and a Pixel tablet [read more]

2. WALL STREET CALLS:

AB InBev (BUD) downgraded to Hold from Buy at HSBC [read more]
Dutch Bros (BROS) downgraded at TD Cowen and JPMorgan on traffic challenges, slower comps [read more]
Amplitude (AMPL) was downgraded at Piper Sandler, William Blair and KeyBanc after outlook cut [read more]
Wheels Up (UP) downgraded to Market Perform from Outperform at Raymond James [read more]
SVB upgraded Tabula Rasa HealthCare (TRHC) to Outperform on turnaround success [read more]

3. AROUND THE WEB:

Microsoft (MSFT) wants to bid to replace Google (GOOGL;GOOG) as the default search engine for Firefox web browser, Information reports [read more]
Rockwell Automation (ROK) probed by U.S. over China operations, WSJ reports [read more]
Glass Lewis backs Carl Icahn’s effort to oust Illumina (ILMN) CEO Francis deSouza and chair John Thompson, FT reports [read more]
Paramount (PARA) is laying off 25% of its domestic cable staff, Hollywood Reporter says [read more]
Apple's (AAPL) head of TV+ and sports businesses leaving company, Bloomberg reports [read more]

4. MOVERS:

Compass (COMP) and Upstart (UPST) higher after reporting quarterly results [read more]
Microvast (MVST) up after raising its FY23 revenue guidance [read more]
Taboola (TBLA) rises after reporting Q1 results and providing guidance for FY23 and Q2 [read more]
Reata Pharmaceuticals (RETA) declines after reporting quarterly results and discontinuing its chronic kidney disease programs [read more]
Arcutis Biotherapeutics (ARQT) and Jackson Financial (JXN) lower after reporting quarterly results [read more]

5. EARNINGS/GUIDANCE:

Exact Sciences (EXAS) reported Q1 results and raised its FY23 guidance in what Baird said was an “impressive start to 2023” [read more]
Wendy’s (WEN) reported Q1 results and backed its FY23 guidance, with CEO Todd Penegor saying he sees “meaningful global growth for the remainder of 2023 and beyond” [read more]
Roblox (RBLX) delivered Q3 revenue and EPS that fell short of consensus [read more]
Twilio (TWLO) announced its Q1 results, with Piper Sandler saying the quarter was a “major disappointment” [read more]
Vertex (VERX) reported Q1 results and provided guidance for Q2 and FY23 [read more]

INDEXES:

The Dow fell 73.94, or 0.22%, to 33,487.87, the Nasdaq lost 77.36, or 0.63%, to 12,179.55, and the S&P 500 advanced 10.03, or 0.24%, to 4,129.20.