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

1. STOCK NEWS:

Ford (F) reaffirmed its FY22 adjusted EBITDA guidance but warned that Q3 costs would run $1B higher than expected [more]
A U.S. district judge ruled against a Justice Department antitrust challenge to UnitedHealth's (UNH) acquisition of Change Healthcare (CHNG) [more]
Microsoft (MSFT) raised its quarterly dividend 10% to 68c per share [more]
Walgreens Boots Alliance (WBA) will acquire the remaining 30% stake in Shields for $1.37B [more]
Amazon Prime (AMZN) sports executive Jay Marine said that Thursday Night Football's debut on the platform was a "resounding success," according to Deadline [more]

2. WALL STREET CALLS:

Barclays downgrades Nike (NKE) on excess inventory, earnings risk [more]
Humana (HUM) upgraded to Overweight from Equal Weight at Morgan Stanley [more]
Western Digital (WDC) downgraded to Hold from Buy at Deutsche Bank [more]
Susquehanna downgrades PayPal (PYPL) on negative mix from Braintree [more]
Norwegian Cruise Line (NCLH) upgraded to Buy at Truist amid bookings increase [more]

3. AROUND THE WEB:

Goldman Sachs (GS) entered into a credit card deal with T-Mobile (TMUS), Bloomberg reports [more]
A fire at PG&E's (PCG) Monterey county-based storage facility, that uses batteries made by Tesla (TSLA), has shut down part of Highway 1 in California, Reuters reports [more]
Pharmacies are reporting a limited Moderna (MRNA) COVID booster supply, Bloomberg says [more]
Exxon Mobil (XOM) is undecided on its future bid for Guyana oil, Reuters says [more]
A judge cut the damages Charter (CHTR) must pay the family of a murder victim to $1.15B, WSJ reports [more]

4. MOVERS:

Innoviz Technologies (INVZ) gains after JPMorgan initiated coverage of the stock with an Overweight rating and $22 price target [more]
Melco Resorts (MLCO), Wynn Resorts (WYNN), and Las Vegas Sands (LVS) up after Reuters reported Hong Kong plans changes to its COVID quarantine policy [more]
Iron Mountain (IRM) falls after providing 2021-2026 guidance at investor meeting [more]
Weyerhaeuser (WY) declines after BofA downgraded the stock to Neutral [more]
Sotera Health (SHC) lower after Goldman Sachs downgraded the stock to Neutral with a price target of $9, down from $23 [more]

5. EARNINGS/GUIDANCE:

INDEXES:

The Dow fell 313.45, or 1.01%, to 30,706.23, the Nasdaq lost 109.97, or 0.95%, to 11,425.05, and the S&P 500 declined 43.96, or 1.13%, to 3,855.93.