SAN

Itaú Unibanco (ITUB) fell 4.04% to $9.74 on October 7, 2026, as investors took profits after the stock reached a five-year high following Brazil's presidential election. The decline occurred despite a rally triggered by conservative candidate Flávio Bolsonaro's stronger-than-expected performance in the first round of voting, which boosted expectations for Brazilian bank earnings. A runoff election will determine the final outcome, creating uncertainty that prompted investors to lock in gains.

Live Oak Acquisition Corp. VI, a blank check company, successfully closed its initial public offering of 23 million units at $10.00 per unit, raising $230 million in gross proceeds. The units began trading on Nasdaq under ticker 'LOVIU' on September 23, 2026.

Each unit includes one Class A ordinary share and half a redeemable warrant exercisable at $11.50 per share. The company, led by Richard Hendrix and Adam Fishman, will seek to acquire or merge with an operating business.