🌭 Axios Pro Rata: Hot dog deal
In today’s Axios Pro Rata, BlackRock's potential $22.8 billion acquisition of Panama ports faces uncertainty as the Supreme Court evaluates CK Hutchison's concession contracts. Meanwhile, Smithfield Foods has made headlines by acquiring the hot dog brand Nathan's Famous for $450 million, marking a significant move in the food sector. For venture capitalists, notable fundraising includes Baseten raising $300 million and OpenEvidence securing $250 million, reflecting ongoing investment interest in AI and healthcare.
