Supporters of Brazilian presidential candidate Jair Bolsonaro celebrate his first round victory. Photo: Alexandre Schneider/AFP via Getty Images
Jair Bolsonaro, a far-right candidate with an affinity for military dictators, won the first round of Brazil's presidential election but did not earn a majority, setting up a second round run-off against leftist Fernando Haddad on October 28.
Go deeper: Brazil's election pits "Tropical Trump" against leftist establishment
James Hackett, left, is retiring as Ford CEO. Jim Farley, right, takes over Oct. 1. Photo: Ford
Ford announced Tuesday that James Farley will take over as its next CEO, replacing James Hackett, 65, who is retiring after three years in the job.
Why it matters: It leaves Farley to complete the company's ongoing turnaround effort. The transition will be that much harder as the industry tries to navigate the coronavirus-induced economic slowdown which shuttered Ford plants for two months on the eve of some of its most important vehicle launches.
In this episode of “Axios on HBO”, President Trump discusses his handling of the coronavirus pandemic, the upcoming election and much more with National Political Correspondent Jonathan Swan.
The interview was filmed on Tuesday, July 28 and aired Monday, Aug. 3 on HBO.
Illustration: Sarah Grillo/Axios
A slew of high-profile headlines led by Microsoft's expected acquisition of social media video app TikTok helped bring the Nasdaq to another record high on Monday.
Why it matters: The mergers-and-acquisitions market looks like it's bouncing back, joining the revived credit and equity markets as well as the market for new public companies through IPOs and special purpose acquisition companies (SPACs).