OpenAI IPO expectations drive SoftBank stock to record highs

On October 9th, CCC Intelligent Solutions Holdings (CCC.O), a provider of automotive insurance software, saw its stock price rise by 9.5% in after-hours trading to $7.69. According to Bloomberg, GTCR and Elliott Investment Management are in advanced talks to acquire CCC, sources revealed. The report stated that the deal could be announced as soon as next week. However, the parties have not yet reached a final agreement, and details, including the timeline, may change; negotiations could end without a deal. CCC, GTCR, and Elliott have not immediately responded to Reuters’ requests for comment. CCC’s stock price has dropped about 12% so far this year. (For the convenience of non-English speakers, Reuters provides automated translations of its reports in several languages. As automated translations might be inaccurate or lack necessary context, Reuters does not guarantee the accuracy of these texts and disclaims any liability for damages or losses arising from their use.)

Saudi Aramco has announced that it will resume supplying full crude oil volumes to European refiners in November. Previously, after an attack by drones on Saudi Arabia’s East-West oil pipeline, Saudi Aramco had informed European clients that it would not provide any crude oil quotas in October, forcing buyers to seek alternative sources. The pipeline’s capacity has now been restored to over 80%, and Saudi Arabia’s daily crude oil exports to Europe, about 700,000 to 800,000 barrels, are expected to return to normal.

On October 9, shares of auto parts manufacturer Standard Motor Products (SMP.N) edged down 0.4% in volatile after-hours trading, closing at $36.52. SMP announced that its Chief Financial Officer, Nathan Iles, will resign on October 30, as he plans to serve as CFO at another public company and move closer to his family. Current board member James Burke will serve as interim CFO starting October 30 until a permanent successor is appointed, according to the company's statement. “During his tenure, Nathan has played an important role in strengthening our financial organization, supporting our strategic growth plans, maintaining disciplined capital allocation, and enhancing our capabilities as a public company,” said CEO Eric Sills. As of the previous trading day close, SMP shares have declined slightly year-to-date.

This article was automatically generated using Dow Jones technology. Shares of iShares Russell 1000 Growth ETF rose 0.6% to $127.91 Friday on what proved to be an overall positive trading session for the U.S. stock market, with the S&P 500 Index rising 0.6% to 7,811.54. The fund's rise snapped a two-day losing streak. The fund's underlying index, the Russell 1000 Growth Index, rose 0.6%. The ETF's shares closed 1.5% below the 52-week high of $129.80 seen on October 6, 2026. Trading volume was 3,543,874, compared to the 65-day average trading volume of 3,895,636. As of October 8, the fund's net asset value totaled $127.11 per share. Data source: Dow Jones Market Data, FactSet (END) Dow Jones Newswires October 09, 2026 16:36 ET (20:36 GMT)