NYSE:BLKCapital Markets
BlackRock (NYSE:BLK) Considers Selling Aramco Pipeline Stake Back To Energy Giant
BlackRock (NYSE:BLK) is reportedly in talks to sell its stake in Aramco’s natural-gas pipeline network, marking a significant shift in its asset strategy. This move coincides with a remarkable 32% rise in the company's stock over the last quarter. While the broader market rose by 2% this week, the firm benefited from M&A discussions and product innovations. Recent initiatives, like launching new ETFs and collaborating with Great Gray Trust, have reinforced its market position. Additionally,...