In a significant development, dockworkers have agreed to suspend their strike after negotiators reached a tentative deal that includes a 62% pay raise over six years. The agreement allows striking port workers to return to work by Friday, as both union leaders and port operators believe the deal is a step towards resolving the ongoing labor dispute. The strike, which could have cost the U.S. economy millions, was partly fueled by concerns over an aging workforce and issues related to wages. With the suspension of the strike, ports on the East and Gulf coasts are set to reopen, alleviating fears of supply shortages amidst panic-buying behaviors observed in the past weeks. Officials have emphasized the importance of collective bargaining, while some leaders warn that failure to resolve these issues could have long-term economic consequences.