Mar 1, 2018

Venezuela delays its controversial presidential election to May

Venezuelan President Nicolás Maduro. Photo: Orhan Karsli / Anadolu Agency / Getty Images

Venezuela's National Electoral Council (CNE) announced a decision to delay its presidential elections — scheduled for April 22 — to May, as part of an agreement between the government and some opposition parties, the BBC reports. The new date hasn't been finalized.

Why it matters: Presidential contests are traditionally held in Venezuela in December, but the CNE announced last month that a snap election would be held in April after negotiations between the ruling Socialist Party and opposition politicians broke down. Per the BBC, critics believe that the move was an attempt to further divide an already-splintered opposition coalition to give President Nicolás Maduro an electoral advantage.

The backdrop: Maduro is running for a second six-year term. His tenure thus far has been marred by economic crises, food shortages and civil unrest, forcing thousands to flee the country. Concerns over Maduro's rule have prompted the Trump administration to consider whether to impose restrictions on Venezuelan crude oil exports and the exportation of U.S. refined products to the country.

  • Meanwhile, it's immediately unclear whether any opposition politicians will even run against Maduro. The main Democratic Unity coalition — Maduro's main opposition — launched a boycott of the vote following the snap election announcement. But Henri Falcón, an opposition member and former governor of Venezuela's Lara State, has announced his decision to run.

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Wisconsin Supreme Court blocks governor from delaying state's primary

Tony Evers. Photo: Nuccio DiNuzzo/Getty Images

Wisconsin's Supreme Court on Monday blocked an executive order by Gov. Tony Evers (D) that attempted to delay in-person voting for the state's primary election — currently scheduled for Tuesday — until June 9.

Driving the news: Judges ruled 4-2 along ideological lines that Evers does not have the power as governor to unilaterally postpone the election, despite the fact that the state has a stay-at-home order in place due to the coronavirus pandemic.

Go deeperArrowUpdated 49 mins ago - Health

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 5 p.m. ET: 1,331,032 — Total deaths: 73,917 — Total recoveries: 275,851Map.
  2. U.S.: Total confirmed cases as of 5 p.m. ET: 356,942 — Total deaths: 10,524 — Total recoveries: 18,999Map.
  3. 2020 update: Wisconsin governor orders in-person primary voting delayed until June.
  4. States latest: West Coast states send ventilators to New York and other states with more immediate need — Data suggest coronavirus curve may be flattening in New York, Gov. Andrew Cuomo said.
  5. World update: U.K. Prime Minister Boris Johnson moved to intensive care as coronavirus symptoms worsen.
  6. Stocks latest: The S&P 500 closed up 7% on Monday, while the Dow rose more than 1,500 points.
  7. What should I do? Pets, moving and personal health. Answers about the virus from Axios expertsWhat to know about social distancingQ&A: Minimizing your coronavirus risk.
  8. Other resources: CDC on how to avoid the virus, what to do if you get it.

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Stocks jump 7% despite bleak coronavirus projections

People passing by the New York Stock Exchange amid the coronavirus pandemic. Photo: John Nacion/NurPhoto via Getty Images

The S&P 500 closed up 7% on Monday, while the Dow rose more than 1,500 points.

Why it matters: The huge market surge comes amid rare optimistic signs that the spread of the coronavirus may be slowing in parts of the country, including New York. But government officials say this will be a difficult week, while economists — including former Fed chair Janet Yellen today — warn that the pandemic could have a catastrophic impact on the global economy.