News and market highlights

Brazil’s presidential runoff takes place October 25, with incumbent President Luiz Inácio Lula da Silva facing Senator Flávio Bolsonaro after a first round in which Bolsonaro narrowly led with roughly 47% of the vote to Lula’s 45%, according to the AP. Bolsonaro, the eldest son of former President Jair Bolsonaro and a Trump ally, is seeking to return his family to the presidency after his father’s defeat to Lula.

Control of the U.S. Senate is on the line in the 2026 midterms, with Republicans defending a 53-47 majority and Democrats needing a net gain of four seats to retake the chamber, according to 270toWin. Key battlegrounds include Maine, North Carolina, Georgia and Michigan, according to Race to the WH.

Democrats have expanded their list of targeted Republican-held House districts as the 2026 midterms take shape, with inflation and an escalating trade dispute with Canada shaping the economic backdrop, according to Fox News. Republicans hold a sizable financial edge heading into the fall, with the Republican National Committee and Trump-aligned groups outraising Democratic committees by several multiples.