Overview
- Flavio Bolsonaro said Sunday he could abandon his presidential bid for a "price" and suggested amnesty for his father, promising details after a meeting with conservative leaders on Monday.
- He announced Friday that Jair Bolsonaro, who is imprisoned and barred from office, had chosen him to lead the conservative movement heading into the 2026 race.
- Brazilian markets fell after the endorsement, with the real down as much as 3.1%, the Ibovespa off up to 4.2%, and some swap-rate contracts jumping more than 50 basis points.
- Conservative leaders had favored Tarcisio de Freitas as a market-friendly option; Flavio claimed de Freitas supports him, while the governor did not immediately comment in earlier reporting.
- Jair Bolsonaro is serving a 27-year sentence over a post-election coup plot and has been in custody since late November after authorities said he tampered with an ankle monitor.