- UK inflation rose to 2.2% in July, slightly below expectations but above the Bank of England’s 2% target, according to data from the Office for National Statistics. This follows two months of inflation holding steady at 2%.
- Alphabet shares dropped over 2% following a Bloomberg News report that U.S. regulators are considering breaking up the tech giant. The potential divestiture could include Google’s Chrome browser and Android operating system if the Justice Department pursues the break-up.
- Kellanova shares jumped over 6% in premarket trading after agreeing to be acquired by Mars for $83.50 per share in cash, valuing the deal at approximately $36 billion. The acquisition is expected to close in the first half of 2025.
