Month: October 2025
Berkshire Hathaway to buy Occidental’s OxyChem for $9.7 billion, in Buffett’s biggest deal in three years
Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2025. CNBC Warren Buffett’s Berkshire Hathaway announced Thursday it reached a deal to buy Occidental Petroleum’s petrochemical unit, OxyChem, for $9.7 billion in cash. The deal marks Berkshire’s largest since 2022, when it paid $11.6 billion for insurer Alleghany. […]
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Forget Trump’s tariffs — here’s what is separating pharma’s winners and losers
The pharmaceutical industry has been making headlines recently, after the administration of U.S. President Donald Trump slapped 100% tariffs on branded and patented drugs But investors say drugmakers’ carve-out agreements on pricing is what will rattle the sector — and create a range of winners and losers as a result. Global pharmaceutical companies who have broken […]
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Tokenization of real world assets is an unstoppable ‘freight train’ coming to major markets: Robinhood CEO
Vlad Tenev, chief executive officer of Robinhood Markets Inc., during the Token2049 conference in Singapore, on Thursday, Oct. 2, 2025. Bloomberg | Bloomberg | Getty Images The tokenization of real-world assets, from stocks to real estate, will spread to financial markets around the world, according to Robinhood Markets Chief Executive Officer Vlad Tenev. “Tokenization is […]
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Corporate borrowers face funding trade-off as PIMCO flags debt market ‘cracks’
A trader works on the floor of the New York Stock Exchange (NYSE) at the opening bell on October 1, 2025, in New York City. Timothy A. Clary | Afp | Getty Images PIMCO President Christian Stracke is upbeat on the asset-based finance segment of the private credit market, but warns of “cracks” in corporate […]
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BYD monthly sales tumble for the first time in 2025, reinforcing slowdown concerns
HANGZHOU, CHINA – SEPTEMBER 21, 2025 – Viewers watch a new energy vehicle under BYD at an auto show in Hangzhou, Zhejiang Province, China on September 21, 2025. (Photo credit should read CFOTO/Future Publishing via Getty Images) Cfoto | Future Publishing | Getty Images China’s electric-vehicle behemoth BYD posted its first year-on-year decline in deliveries […]
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Expect an ‘extraordinary’ jump in Chinese tourism this Golden Week: Economist
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Erica Tay, economist at Maybank Investment Banking Group, discusses how “holiday stringing” would impact Chinese domestic and outbound tourism during the Golden Week holiday, and why she’s not overly concerned about unemployment in China being at a 6-month high. Source
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Trump Jr. dismisses crypto conflicts of interest, says dad’s not checking blockchain ledgers
Donald Trump Jr. and Zach Wilkoff of World Liberty Financial at Token2049, a prominent crypto conference in Singapore, on Wednesday, Oct. 1, 2025. Wachsman Donald Trump Jr. on Wednesday dismissed criticism that a crypto venture tied to his family had any potential conflicts of interest, as his firm, World Liberty Financial, seeks global investors. Concerns […]
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CNBC Daily Open: Bleak news from U.S. doesn’t seem that bad for stocks
Traders work at the New York Stock Exchange on Oct. 1, 2025. NYSE On Wednesday, the U.S. government ground to a halt. Stock markets, however, jumped — one benchmark even hit a record high. Traders in prediction markets are betting the shutdown will last nearly two weeks. Nothing too radical, since that’s the average length […]
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OpenAI wraps $6.6 billion share sale at $500 billion valuation
Sam Altman, chief executive officer of OpenAI Inc., during a media tour of the Stargate AI data center in Abilene, Texas, US, on Tuesday, Sept. 23, 2025. Kyle Grillot | Bloomberg | Getty Images OpenAI has finalized a secondary share sale totaling $6.6 billion, allowing current and former employees to sell stock at a record […]
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‘We stand ready’: Defense giants welcome Europe’s push to build a drone wall to repel Russia
Police patrol near Christiansborg Palace in Copenhagen, Denmark, September 30, 2025, following recent drone disturbances over Denmark and ahead of meetings of EU heads of state and goverment in Copenhagen on October 1 and October 2. Liselotte Sabroe | Afp | Getty Images Defense giants welcomed Europe’s push to establish a drone wall on the […]
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