The all-cash deal allows Occidental to pay down significant debt and sharpen its focus on core oil and gas exploration.
The broad cryptocurrency rally sees XRP top $3 and Ethereum reclaim $4,500 as bullish momentum returns to the market.
JPMorgan amplifies the rally, raising its year-end price target for the cryptocurrency to $165,000, citing significant undervaluation.
Investor optimism surges on the back of OpenAI's ambitious Stargate project, overriding concerns about a potential US government shutdown.
Warren Buffett's firm deepens its investment in the energy giant with an all-cash deal for its chemical division.
All-stock deal aims to create a diversified leader in the semiconductor sector, targeting high-growth AI and power device markets.
The deal will create a combined semiconductor equipment firm, but investors react cautiously to the terms, sending Axcelis stock down 3.4%.
Deal would be one of the largest in the utility sector, driven by surging power demand from AI and data centers.