Stock engines after working hours:
Alphabet (NASDAQ: GOOGL) saw a 1.3% drop in the value of its shares after Bloomberg reported that the Justice Department is considering a split request following a court ruling that Alphabet occupies a monopoly position in the online search industry.
Flutter Entertainment (FLUT), the company that operates FanDuel, saw a 10% increase in the value of its shares after reporting better-than-expected financial results for the second quarter and revising its financial outlook upwards. In contrast, rival company DraftKings (DKNG) saw a 5% decline in the value of its shares.
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Nu Holdings (NU) saw its share value rise by 7% after reporting positive financial results for the second quarter.
Acelyrin (SLRN) saw a 5% increase in the value of its shares after the company announced that its phase III clinical trial of izokibep for the treatment of hidradenitis suppurativorative (HS) has achieved its main goal of achieving a significant response rate in 12 weeks. In addition, the company has outlined a new strategic focus for its product line, focusing on the development of lonigutamab for the treatment of eye thyroid disease (TED), and predicted that this focus will allow the company to use its finances for a longer period.
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