BlackRock Strikes Deal for Panama Ports After U.S. Pressure

A consortium of investors led by BlackRock agreed to buy majority stakes in ports on either end of the Panama Canal, putting U.S. firms in control of two ports that President Trump raised as a security concern because of their connection to China. 

The deal with Hong Kong-based CK Hutchison is worth $22.8 billion and also includes dozens of other ports around the world, the companies said Tuesday.