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.

CK Hutchison said the proposed sale was part of a bigger deal in which a consortium led by BlackRock Inc. would acquire an 80% interest in its units.

An investor group backed by BlackRock agreed to buy a majority stake in the Hong Kong subsidiary that runs ports along either side of the Panama Canal, giving a U.S.

Panama maintains that it has full control over the canal and that the Hong Kong-based group's operation of the ports did not amount to Chinese control over the waterway, and that

The $23 billion deal, announced by Hong Kong-based CK Hutchison Holdings, transfers control of the Balboa and Cristobal ports to a consortium led by BlackRock, Global Infrastructu

Trump's comments to Congress came after a deal led by U.S. firm BlackRock was announced earlier Tuesday to buy most of the $22.8 billion ports business of Hong Kong conglomerate CK Hutchison, which includes assets along the Panama Canal.

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.

U.S. President Donald Trump has hailed a deal led by U.S. firm BlackRock to buy most of the $22.8 billion ports business of Hong Kong conglomerate CK Hutchison, including assets it holds along the Panama Canal.

The sale is "wholly unrelated to recent political news", a managing director said but was welcomed by President Donald Trump who said his administration "will be reclaiming" the Panama Canal.