Blackrock pledges $50 million to coronavirus relief efforts
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(Reuters) - Blackrock , the world's largest asset manager, on Monday committed $50 million to relief efforts as the coronavirus pandemic leads to job losses and unexpected medical costs."We are committing $50 million (43.13 million pounds) to relief efforts, helping meet immediate needs of those most affected right now and by addressing the financial hardship and social dislocation that this pandemic will bring," the company said.Blackrock said a first tranche of $18 million in funding has been..