Here is a look at Wednesday’s business headlines with Jeff Vaughn, where he discusses Nike launching its new blue suede shoes and gas prices falling. BlackRock to acquire two ports serving Panama Canal Global investment firm BlackRock has agreed to acquire two ports serving the Panama Canal from Hong Kong’s C.

The trade war is already sending merger troops to the front line. BlackRock shook hands on a deal to buy ports along the Panama Canal and beyond from CK Hutchison for $23 billion. It helps boss Larry Fink shore up his infrastructure strategy and provides the Hong Kong-based conglomerate a useful escape from political crosshairs.

A Hong Kong-based company has agreed to sell most of its stake in two key ports on the Panama Canal to a group led by US investment firm BlackRock. The sale comes after weeks of complaining by President Donald Trump that the canal is under Chinese control and that the US should take control of the major shipping route.

The Hong Kong-based conglomerate that operates ports near the Panama Canal has agreed to sell shares of its units that operate the ports to a consortium including BlackRock Inc., after President Donal

BlackRock has agreed to buy two major ports at the Panama Canal from their Hong Kong-based owner, following pressure from Donald Trump over alleged Chinese influence at the vital waterway. In apparent reference to the ports,

The group would acquire a 90 per cent stake in the company that owns and operates the two ports in Panama. Trump has frequently alleged that “China is running the Panama Canal ”, and rattled Panama when he threatened earlier this year to “take it back” under American control.

BlackRock, America’s largest asset manager which handles over $11 trillion in assets, has agreed to purchase two ports on either end of the Panama Canal. BlackRock is buying the ports from Hong Kong-based CK Hutchison in a deal worth about $22.8 billion.

The agreement will give a BlackRock consortium a majority stake in two terminal ports. Trump has said he wants the trade route under US control.

The deal comes after U.S. President Donald Trump repeatedly threatened to take control of the Panama Canal and end what he sees as China’s influence over the waterway critical to global trade.