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:

• Texas has opened an investigation into CenterPoint (CNP) over Hurricane Beryl conduct [read more]
• Meta (META) and Universal Music Group (UMGNF) have entered into an expanded global agreement [read more]
• KE Holdings (BEKE) reported upbeat Q2 results and increased its share repurchase program [read more]
• Starbucks (SBUX) is in settlement talks with Elliott Investment Management, according to Bloomberg [read more]
• Carlyle (CG) is weighing a EUR3B sale of Dutch salt and chemicals producer Nobian, according to the Financial Times [read more]

2. WALL STREET CALLS:

• Deutsche upgraded Eli Lilly (LLY) to Buy on high growth outlook [read more]
• Robinhood (HOOD) was upgraded to Overweight from Neutral at Piper Sandler [read more]
• Wolfe downgraded Qualcomm (QCOM) on Apple's (AAPL) internal modem progress [read more]
• Prologis (PLD) was downgraded on slower demand recovery at BofA [read more]
• Goldman Sachs initiated Mondelez (MDLZ) with a Buy rating [read more]

3. AROUND THE WEB:

• Turkey restored access to Instagram (META) on Saturday after a nine-day block, Reuters reports [read more]
• Pharmaceutical giants such as AbbVie (ABBV), AstraZeneca (AZN), and Merck (MRK) have shifted to smaller acquisition targets costing $5B or less, WSJ reports [read more]
• Tesla (TSLA) stopped taking orders for the cheapest model of its Cybertruck electric pickup, Fox Business says [read more]
• Cisco (CSCO) will cut thousands of jobs in a second round of layoffs this year, Reuters reports [read more]
• Alphabet's (GOOG) Google is deactivating AdSense accounts in Russia, Reuters says [read more]

4. MOVERS:

• Revance (RVNC) higher after entering a merger agreement with Crown Laboratories [read more]
• KeyCorp (KEY) gains after announcing Scotiabank (BNS) will acquire a 14.9% interest in the company for $2.8B [read more]
• Barrick Gold (GOLD) higher in New York after reporting quarterly results [read more]
• Endeavour Silver (EXK) falls after announcing failure at Guanacevi mill [read more]
• Humacyte (HUMA) lower after announcing the FDA will require more time to complete its review of ATEV BLA [read more]

5. EARNINGS/GUIDANCE:

• Atossa Therapeutics (ATOS) reported Q2 results, with EPS beating consensus [read more]
• Neuronetics (STIM) reported Q2 results and provided guidance for Q3 and FY24 [read more]
• Monday.com (MNDY) reported Q2 results and raised its guidance for FY24 [read more]
• Bitdeer (BTDR) reported Q2 results, with EPS and revenue missing consensus [read more]
• Fortrea Holdings (FTRE) announced Q2 results and provided guidance for FY24 [read more]

INDEXES:

The Dow fell 140.53, or 0.36%, to 39,357.01, the Nasdaq gained 35.31, or 0.21%, to 16,780.61, and the S&P 500 advanced 0.23, or 0.0043%, to 5,344.39.