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Trump threatens cuts to US agencies amid shutdown, Berkshire to acquire OxyChem for $9.7 billion

DeFi Daily News by DeFi Daily News
October 2, 2025
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Trump threatens cuts to US agencies amid shutdown, Berkshire to acquire OxyChem for .7 billion
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Morning Brief host Allie Canal reports the latest financial news for October 2, 2025.
The US government’s shutdown continues into its second day. President Trump has posted that a shutdown is an “unprecedented opportunity” to cut jobs from federal agencies. Washington correspondent Ben Werschkul weighs in on the latest developments.
Warren Buffett’s Berkshire Hathaway has reached a $9.7 billion deal to buy Occidental Petroleum’s petrochemical business, OxyChem. Allie breaks down the details.
For more Morning Brief videos, please visit https://finance.yahoo.com/videos/series/morning-brief/
#youtube #stocks #news

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Tags: acquireagenciesBerkshireBillionBondsbusinessCurrenciesCutsEquitiesFXInvestingInvestmentMarketMarketsMoneyNewsNYSEOxyChemPersonal FinancePoliticsSavingsShutdownStock marketstocksThreatensTrumpYahoo FinanceYahoo FInance Premium
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