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Global Markets React to Geopolitical Tensions and Major M&A Activity
Stock Market News·2025-10-02 11:38

Key TakeawaysBerkshire Hathaway (BRK.A, BRK.B) announced an all-cash acquisition of Occidental Petroleum's (OXY) OxyChem division for 9.7billion,amoveexpectedtosignificantlyreduceOccidentalsdebtby9.7 billion, a move expected to significantly reduce Occidental's debt by 6.5 billion.Russia vehemently warned the European Union against using frozen Russian assets to fund loans for Ukraine, labeling the proposal "delusional" and asserting that "reparations are paid by the losers".The EU plans to double its financial support to Greenland to over €530 million under its nex ...