Overview
- The senator said he might abandon his bid, telling reporters he has a “price” and will negotiate his role, while suggesting amnesty for Jair Bolsonaro.
- Brazilian markets fell after his endorsement was confirmed, with the real down as much as 3.1%, the Ibovespa off up to 4.2%, and some swap rates jumping more than 50 basis points.
- Jair Bolsonaro is serving a 27‑year sentence for plotting a coup and is barred from public office.
- Parts of the conservative establishment reacted coolly as they had favored Tarcisio de Freitas, while Flavio claimed the governor’s support, a point not independently verified.
- Bolsonaro allies are pushing an amnesty bill related to the January 2023 riots, a drive that now overlaps with negotiations over the conservative ticket.