Trade ministers reached a landmark agreement on a deal that’s a cornerstone of Obama’s legacy

Pacific trade ministers have reached a deal on the most sweeping trade liberalization pact in a generation that will cut trade barriers and set common standards for 12 countries, an official familiar with the talks said on Monday. --Leaders from a dozen Pacific Rim nations are poised to announce the pact later on Monday. The deal could reshape industries and influence everything from the price of cheese to the cost of cancer treatments.

Read more at Business Insider
(Hat tip: KimR)