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:

• Boeing's (BA) Seattle area factory workers walked off the job after rejecting a contract offer, halting production of the planemaker's 737 MAX jet
• Adobe (ADBE) is trading lower after a Q3 beat and Q4 guidance that a number of Wall Street analysts called "conservative"
  
• Uber (UBER) and Waymo, a subsidiary of Alphabet (GOOGL), announced an expanded partnership that will see the pair bring autonomous ride-hailing to Austin and Atlanta, only on the Uber app, beginning in early 2025
  
• Temu owner PDD Holdings (PDD) and Alibaba (BABA) slip as White House vows crackdown on "de minimis" shipments from China
  
• United Airlines (UAL) announced what it calls "the industry's largest agreement of its kind" with Elon Musk's SpaceX to bring Starlink's Wi-Fi service to the airline's mainline and regional aircraft fleet
  

2. WALL STREET CALLS:

• Moderna (MRNA) was downgraded to Underweight at JPMorgan, while also being cut to Neutral-equivalent rating at Jefferies and Oppenheimer
• Borr Drilling (BORR) upgraded to Outperform at Evercore ISI
  
• Shares of drugmaker Roche (RHHBY) were downgraded to Sell at Deutsche Bank and upgraded to Buy at BofA
  
• Garmin (GRMN) downgraded to Underweight at Barclays
  
• TKO Group (TKO) initiated with bullish view at Pivotal Research

3. AROUND THE WEB:

• Sony Music (SONY) is in advanced discussions to buy the rights to music recorded by Pink Floyd for about $500M, FT reports
• HP Enterprise (HPE) defends its decision to pursue its case against the Lynch estate, FT says
  
• Samsung (SSNLF) is considering revising its schedule and plans for its wager foundry projects under construction as it falls increasingly behind TSMC (TSM) DigiTimes reports
  
• Interactive Brokers (IBKR) plans to launch a market for election betting, WSJ reports
  
• Activist investor Engine Capital has built a roughly 4% stake in Upwork (UPWK) and is pushing for a shakeup to the board of the freelance marketplace operator, CNBC says

4. MOVERS:

• Peloton (PTON) gains after adjusting its Recommended Retail Prices for some products and offerings
• Nuscale Power (SMR) increases after CLSA initiated coverage of the stock with an Outperform rating
• Instil Bio (TIL) surges after Baird increased its price target on the stock to $180 from $32
• Wendy's (WEN) rises as Wolfe highlights buzz about SpongeBob, 'Frosty Frights' offers
• GE HealthCare (GEHC) falls after announcing a 15M share offering
  

5. EARNINGS/GUIDANCE:

• SelectQuote (SLQT) reported Q4 results, with CEO Tim Danker commenting, "2024 was another successful and strong year for SelectQuote"
• RH (RH) reported Q2 results, with EPS and revenue beating consensus
  
• Ibex (IBEX) reported Q4 results, with EPS higher year-over-year
  
• Progressive (PGR) reported August EPS
  
• OFS Credit (OCCI) reported Q3 results, with EPS lower year-over-year

INDEXES:

Near midday, the Dow was up 426.00, or 1.04%, to 41,522.77, the Nasdaq was up 133.54, or 0.76%, to 17,703.21, and the S&P 500 was up 38.92, or 0.70%, to 5,634.68.