BlackRock's Larry Fink treads cautiously in letter that shies from politics

BlackRock CEO Larry Fink reassures investors that this moment of economic anxiety will pass in his annual letter out Monday morning.Why it matters: Fink runs the world's biggest asset manager and is hugely influential — his widely read letter typically reflects the business trends of the current moment. This year it comes at a time of high market uncertainty, as tariff disruptions rock the business world.Where it stands: Fink treads cautiously in the 27-page letter, never explicitly mentioning President Trump, and only touches glancingly on politics at the very top."I hear it from nearly every client, nearly every leader—nearly every person—I talk to: They're more anxious about the economy than any time in recent memory. I understand why. But we have lived through moments like this before. And somehow, in the long run, we figure things out," he says in a draft of the letter viewed by Axios. The intrigue: Fink's letter comes at a politically fraught moment for BlackRock.The firm's deal...