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Todd Sohn, chief ETF strategist at Baird Strategas, joins Scarlet Fu and Athanasios Psarofagis on "Bloomberg ETF IQ." They discuss Anthropic's IPO filing and iShares MSCI Brazil ETF (ticker: EWZ), which is falling today after incumbent Luiz Inácio Lula da Silva staged a surprising comeback in Sunday’s runoff, winning Brazil's presidential election. (Source: Bloomberg)

Rolling coverage of the latest economic and financial news Elsewhere in the bond markets, Brazil’s debt is dropping in value after president Luiz Inácio Lula da Silva won a dramatic victory over his far-right opponent, Flávio Bolsonaro , to claim a historic fourth term in power. Bolsonaro, son of the former president, had been expected to oust Lula, but instead the left-wing incumbent triumphed, with 51.79% of the vote to his 45-year-old rival’s 48.21%. “We have spent the past few years debating whether AI will replace people. But the more immediate question for many businesses is whether AI could end up costing more than the people and processes it replaces. “Businesses need to remember every decision an AI makes and every action an agent takes has a price tag. The AI people see and the prompt they enter is only part of the story. AI doesn’t just answer questions: it reasons, retries, checks and refines its response, drawing on models, enterprises data and computing power just to complete a single task. That iterative process and response refinement are what drive AI costs. Once agents are embedded across applications and running tasks throughout a business, the metre is always running – yet many companies still have no idea how many tokens they are using or what a particular task will cost because of this AI cost domino effect. Continue reading...

Two days before Brazil's presidential runoff, the Superior Electoral Court is dealing with a wave disinformation and manipulated digital content,

Brazilian voters are heading to the polls on Sunday for the presidential runoff between incumbent President Luiz Inácio Lula da Silva and far-right Senator Flávio Bolsonaro, with polls showing a tight race that will decide whether Brazil remains led by the left or joins the right-wing surge across Latin America. According to The Intercept Brasil , Bolsonaro’s campaign paid 600,000 Brazilian reais (about $119,000 USD ) to a U.S. company, Elytron, that specializes in election manipulation, including through online disinformation and “psychological warfare techniques” to undermine opponents. Reporter Laís Martins says that while it’s not clear whether or how the Bolsonaro campaign used Elytron’s services, it adds to suspicion of U.S. interference in the election, including Meta’s restrictions on President Lula’s social media profiles. “We’ve seen evidence pile up that something is not right, that this playing field is not equal,” says Martins.

Partisan actors are gaming AI platforms to regurgitate misleading information ahead of critical elections in Brazil, Israel, and the US.

Brazil spent years targeting electoral lies on the internet. Now, artificial intelligence is stumping the election authorities and reshaping a high-stakes race.