BlackRock Becomes a Power Player in Global Shipping—With Help From Trump
President Trump has threatened to “take back” the Panama Canal, saying Panama is violating a decades-old treaty that ceded U.S. control of the waterway. World leaders rolled their eyes when President Trump kicked off his second term by threatening to take back the Panama Canal. BlackRock the world’s largest asset manager, last week said it was leading a consortium that would pay $22.8 billion to buy more than 40 ports around the world, including crucial berths on either end of the Panama Canal, from Hong Kong-based CK Hutchison controlled by one of Asia’s richest men.