By Ben GlickmanAppLovin reported a better-than-expected profit in the second quarter as the company's sales rose. Walt Disney said it would significantly raise prices for its Disney+ and Hulu streaming services as it looks to make its direct-to-consumer business profitable. The streaming segment's loss narrowed in the second quarter, posting a loss of $512 million compared with $1.06 billion a year earlier. Disney shares rose 2.7% to $89.87 in after-hours trading. Galera Therapeutics said the Food and Drug Administration told the company that results for one of its drug candidates weren't enough to warrant approval.

Source: Wall Street Journal August 10, 2023 11:58 UTC