☀ Domingo Brief — JBS Aims For Wall Street

Welcome back to the Domingo Brief! This week, we’re following new policies in Argentina and El Salvador, a landmark Peruvian indigenous land rights case, and more.

Trivia of the Week 🎯

About 58% of you correctly guessed Cumbias Rebajadas as the musical subgenre born in Monterrey which is characterized by an eccentric dance style combined with distinct hair-do’s and fashion. Born during the 1990s, this grassroots musical innovation is defined by a slowed-down tempo of iconic Colombian Cumbia tracks using turntables or cassette decks, creating a more hypnotic and meditative tone. Monterrey’s urban and working-class youth harnessed this musical adaptation into a cultural identity, mixing elements of Mexican-American Chicano culture with a zealous devotion to Colombian cumbia. Their ‘look’ combines oversized shirts and hairnets with symbols of Colombian culture, including flags, football jerseys, and saints.

Each week, tune back in for the answer to the previous week’s trivia question. No cheating!

🇦🇷 President Javier Milei has scrapped reporting rules which required businesses, including credit card providers and banks, to report all customer purchases to the country’s tax authority. The move, which will also cut the information taxpayers must report in annual returns, represents a bid to mobilize billions of dollars in hidden savings to boost the economy and dollarize the Argentine economy. Milei’s government estimates a total of $271B in dollar savings are stashed outside the formal economic system as a hedge against the country’s volatile currency, and the administration now champions an “endogenous dollarization” agenda in which dollars gradually displaces pesos.

🇧🇷 JBS, a Brazilian multinational and the world’s largest meatpacking enterprise, is awaiting a shareholder decision for a prestigious Wall Street stock listing. The initial proposal would effectively transfer JBS’s primary share trading venue from São Paulo to the New York Stock Exchange, which the company’s owners and billionaire brothers claim will boost its market value and unlock cheaper funding to aid its growth. Nonetheless, an opposition campaign by governance and environmental advocates has placed the move in doubt, with an early count showing 52% of shareholders against the transaction.

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