Brazil's October 4 vote puts Druckenmiller's EWZ bet in play

Brazilians vote October 4, with Lula seeking a historic fourth term against Jair Bolsonaro's son Flavio. Trump's tariffs on Brazil, which polls show voters blame more on the Bolsonaro family, have lifted Lula's lead. The race sets the tone for Brazilian stocks, a bet Stanley Druckenmiller has sized to about 6% of his portfolio through EWZ.