Berkshire Hathaway Buys Occidental’s OxyChem for $9.7B in Major Cash Deal
Berkshire Hathaway agreed to acquire Occidental Petroleum’s OxyChem division for $9.7 billion in cash, marking Warren Buffett’s largest purchase since 2022.
Explore the latest developments shaping global business, from corporate giants to fast-growing startups. Our Business section delivers in-depth coverage of mergers and acquisitions, regulation and policy shifts, breakthrough technologies, and venture capital trends. Get timely updates, analysis and context on how companies innovate, compete and expand in a rapidly changing economy. Designed for professionals, investors and curious readers alike, this is your go-to source for understanding the forces that drive business decisions worldwide.
Berkshire Hathaway agreed to acquire Occidental Petroleum’s OxyChem division for $9.7 billion in cash, marking Warren Buffett’s largest purchase since 2022.
President Trump says a 100% tariff will apply to branded pharmaceutical imports from Oct. 1, unless the companies have begun building manufacturing plants in the U.S.
Huawei has detailed a three-year campaign aimed at narrowing the technological gap with Nvidia, relying on scale, national strategy and integrated infrastructure rather than raw silicon supremacy.
China has ordered major tech firms to stop buying Nvidia’s RTX Pro 6000D chips, prompting CEO Jensen Huang to express disappointment and highlight growing geopolitical risk.
Major U.S. tech firms including Microsoft, Nvidia, Google and OpenAI have committed approximately £31 billion (about $40 billion) toward UK AI infrastructure, signaling a major boost to the country’s computing and innovation potential.
Standard Chartered’s innovation arm, SC Ventures, is planning a $250 million digital assets fund launching in 2026, with some backing expected from Middle Eastern investors.
CoreWeave’s stock surged after revealing a $6.3 billion Nvidia agreement guaranteeing purchases of unsold cloud capacity through 2032.
Elon Musk’s open-market purchase of around $1 billion in Tesla shares reignited investor faith, sending the stock into positive territory for the year.
Alphabet’s valuation topped $3 trillion, making it the 4th company ever to hit that milestone after a favorable U.S. antitrust ruling eased investor fears.
Oracle says its Oracle Cloud Infrastructure (OCI) booked revenue could top half a trillion dollars, driven by rising demand for cost-efficient AI cloud tools — its stock climbed 27%.