Berkshire in talks to buy Occidental’s OxyChem for about $10 billion, WSJ reports

In Today’s News

Spirit Airlines gets up to $475 million financing amid bankruptcy process

Spirit expects $200 million of the debtor-in-possession financing to be available immediately if the court approves. The next hearing is scheduled for October 10.The company has also got interim access to $120 million of liquidity, it said.In August, the U.S. no-frills pioneer filed for bankruptcy protection …

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Berkshire in talks to buy Occidental’s OxyChem for about $10 billion, WSJ reports

The potential sale of the OxyChem unit, which supplies products used in medical care, food security and construction, would add to a series of divestitures the U.S. oil and gas producer has pursued in recent years.The deal could come together within days, the report said.Berkshire, Occidental’s largest shareh …

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Featured Article

OpenAI launches new AI video app spun from copyrighted content

(Reuters) -OpenAI is releasing an AI video-generating app called Sora that lets people create and share AI videos that can be spun from copyrighted content and shared to social media-like streams. Â Copyright owners, such as television and movie studios, must opt out of having their work appear in the vi …

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Trade on Tuesday. Multiply by Friday. Rinse and Repeat. [sponsor]
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Other Headlines

Trump says Harvard to pay $500 million in deal with administration

WASHINGTON (Reuters) -U.S. President Donald Trump said on Tuesday that his administration had reached a deal with Harvard University after months of negotiations and that the Ivy League school will pay $500 million.”Linda is finishing up the final details,” Trump told reporters at an event in the Oval Office, …

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