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Bolsonaro waves while at a military event. Photo: Nelson Almeida/AFP/Getty Images

Far-right firebrand Jair Bolsonaro officially declared his candidacy for the Brazilian presidency today ahead of October's election.

Why it matters: With poll-topping former president Luiz Inácio Lula da Silva in prison on corruption charges, Bolsonaro has become the front-runner.

  • The former army captain has spoken favorably about military rule, and holds deeply conservative positions on social issues. He also wants to relax gun laws as part of his tough-on-crime approach.
  • Roberta Braga of the Atlantic Council says Bolsonaro was known to most Brazilians, until fairly recently, primarily for making provocative and racist remarks. "Five years ago it would have been unthinkable for someone like him to be in the position he is now," she says.
  • A country of 200 million with the world's 9th largest economy, Brazil is currently "projecting itself as outward-looking, open to trade, pro-democracy," Braga notes. That could change if Bolsonaro is elected.

Go deeper

Ben Geman, author of Generate
5 mins ago - Energy & Environment

Exxon says it's well-positioned amid investor pressure

Illustration: Aïda Amer/Axios

ExxonMobil said Wednesday that its oil-and-gas development plans will create good returns even at modest oil prices as the company looks to win back investor confidence after several rocky years.

Driving the news: The company, just ahead of an investor presentation this morning, said its investments are designed to generate returns of over 30% and touted its spending reductions.

21 mins ago - Technology

Google says goodbye to individual user tracking

Illustration: Sarah Grillo / Axios

Google made clear Wednesday that after it finished phasing out third-party cookies over the next year or so, it won't introduce other forms of identifiers to track individuals as they browse across the web.

Why it matters: The move comes amid increased scrutiny over the way tech giants use consumer data to reinforce their dominance, particularly around personalized advertising.

Dion Rabouin, author of Markets
2 hours ago - Economy & Business

The Fed could be firing up economic stimulus in disguise

Federal Reserve governor Lael Brainard at a "Fed Listens" event. Photo: Eric Baradat / AFP via Getty Images.

Even as global growth expectations increase and governments pile on fiscal spending measures central bankers are quietly restarting recession-era bond-buying programs.

Driving the news: Comments Tuesday from Fed governor Lael Brainard suggest the Fed may be jumping onboard the global monetary policy rethink and restarting a program used following the 2008 global financial crisis.