On the Fly News and insights, exclusive to thefly.com

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

1. STOCK NEWS:

• Nvidia (NVDA) received a DOJ subpoena in an antitrust probe, Bloomberg reported, but the company subsequently told the news service 'we have not been subpoeanaed' 
• The Nordstrom family has offered to acquire Nordstrom (JWN) for $23 per share in cash
• Dick's Sporting (DKS) provided a "beat and raise" report for Q2
• U.S. Steel (X) employees will host a rally in support of the Nippon Steel (NPSCY) transaction
• Verizon (VZ) is in advanced talks to acquire Frontier Communications (FYBR), according to reports from WSJ and Bloomberg

2. WALL STREET CALLS:

• BofA gets more bearish on Amphenol (APH), downgrades shares on possible impact of Nvidia (NVDA) design change
• Airbnb (ABNB) cut to Hold at Argus on slowing room nights growth
• Nasdaq (NDAQ) double upgraded to Buy at BofA with IPO flywheel returning
• JPMorgan downgraded Dollar Tree (DLTR) on profitability concerns
• BofA downgraded Zscaler (ZS) to Neutral on growth concerns

3. AROUND THE WEB:

• Sandy Spring (SASR) is working with advisers on takeover talks, Bloomberg says
• The Biden administration is preparing to block Nippon Steel's (NPSCY) takeover of U.S. Steel (X), Washington Post reports
• HP Enterprise (HPE) intends to pursue the $4B damages claim in London against the estate of the recently deceased Mike Lynch, Bloomberg reports
• Snap (SNAP) CEO Evan Spiegel is working to rally the company's employees amid a 48% drop in stock price this year, Bloomberg says
• Intel's (INTC) contract manufacturing business has suffered a setback after tests with Broadcom (AVGO) using Intel's advanced 18A chipmaking process failed, Reuters reports

4. MOVERS:

• Clover Health (CLOV) gains after announcing its subsidiary entered a multi-year agreement with The Iowa Clinic
• Sweetgreen (SG) increases after TD Cowen upgraded the stock to Buy
• AST SpaceMobile (ASTS) higher after providing an interim business update on its upcoming orbital launch
• Core & Main (CNM) falls after reporting Q2 results and cutting its FY24 guidance
• REV Group (REVG) lower after reporting Q3 results and lowering its guidance for FY24

5. EARNINGS/GUIDANCE:

• Dollar Tree (DLTR) reported downbeat Q2 earnings and revenue and cut its FY24 guidance
• Zscaler (ZS) reported Q4 results, with EPS and revenue beating consensus
• Asana (ASAN) reported Q2 results, provided guidance for Q3, and announced its outlook for FY25
• GitLab (GTLB) announced Q2 results and provided guidance for Q3 and FY25
• Ciena (CIEN) reported Q3 results, with CEO Gary Smith commenting, "We delivered strong results for the fiscal third quarter that reflect growing momentum with cloud providers"

INDEXES:

The Dow rose 38.04, or 0.093%, to 40,974.97, the Nasdaq lost 52.00, or 0.30%, to 17,084.30, and the S&P 500 declined 8.86, or 0.16%, to 5,520.07.