Courting favor with Trump. All about the $$$.
"Often a political punching bag for MAGA Republicans, asset manager
BlackRock (
BLK) may have bought some conservative credibility along with its
purchase of two critical ports on both sides of the Panama Canal.............
BlackRock has been restricted, or outright banned, by a number of Republican-led states from managing retirement or treasury funds over the company's policies on environmental, social and corporate governance (ESG) investing.
Now some red state officials are taking another look.
"BlackRock working with the Trump administration is going to be positive for everybody, I can see that opening up some doors for them," said Indiana Treasurer Daniel Elliott."