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S&P 500 Gains & Losses Today: Buffett's Berkshire Buys; Fair Isaac Soars, Equifax Falls

1. Berkshire Hathaway confirmed a $10 billion deal for Occidental Petroleum's petrochemical division. 2. Occidental Petroleum shares dropped 7.3% following the acquisition announcement. 3. The deal marks Berkshire's largest acquisition since 2022. 4. Higher demand for credit scores from Fair Isaac pressured competing credit bureaus. 5. Major U.S. equities, including Berkshire, posted fractional losses amid market fluctuations.

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FAQ

Why Bullish?

Berkshire's $10 billion acquisition showcases strong capital utilization, similar to past successful investments.

How important is it?

The acquisition is significant for Berkshire's asset expansion and reflects its strong financial strategy.

Why Long Term?

This acquisition aligns with Berkshire's strategy of acquiring valuable assets for long-term growth.

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