Javier Milei’s crypto-friendly party wins Argentine midterm

Argentina’s La Libertad Avanza party, led by President Javier Milei, has won the midterms, positioning Milei as the frontrunner for the 2027 elections. Argentine President Javier Milei’s crypto-friendly party has won the midterm election, positioning him as a leading contender for the October 2027 presidential race and bolstering his continued push for free-market policies. Milei’s La Libertad Avanza party obtained 40. 68% of nearly 99% of votes counted to secure the victory over the Peronist party, according to local news outlet La Nacion. That included a win in the Buenos Aires province, which has historically favored the Peronist party. The results flip the script from September, when Milei’s party lost the Buenos Aires provincial election to the Peronist party in a lopsided outcome. Perhaps the most notable development since then has been Argentina’s $20 billion currency swap with the US strengthening economic ties with one of its biggest allies despite domestic uncertainty. Read more.

Major Iranian private bank goes bankrupt, roiling 42M customers

After accumulating around $8 billion worth of losses and debt, Iran’s Ayandeh Bank has been dissolved, with customer assets absorbed by the state-owned Bank Melli. One of Iran’s largest private banks has fallen into bankruptcy, with the assets of more than 42 million customers being absorbed by the Iranian state-owned lender, Bank Melli. Ayandeh Bank declared bankruptcy on Thursday after it accumulated $5. 1 billion in losses and nearly $3 billion in debt, local media outlet Iran International reported on Friday. The bankruptcy was declared days after the Central Bank of Iran failed to rescue the bank, leaving officials with no option but to close it, which had operated 270 branches nationwide. Read more.

Trump Solution For Rising Beef Prices: Make Americans Eat More Beef

Trump’s Agriculture secretary, Brooke Rollins, told FOX Business that the administration plans to lower the price of beef by making Americans eat more beef. US farmers have been increasingly critical of the Trump administration over many issues, including the rising costs of beef due to his tariffs. They are furious with their plans to import beef from Argentina. Brooke Rollins’ solution is to tell Americans to eat more beef to lower prices. ROLLINS: We’re implementing new programs to allow younger ranchers to get into the business with cheaper loans, better protection, et cetera. We are with Newton-Maha, with Bobby Kennedy, and putting protein, specifically beef, back at the center of the American diet from the government’s perspective. And when you think about what we spend every day on nutrition programs from the USDA, it’s 400 million a day, pivoting some of that to specifically locally grown and produced and healthy, the best beef in the world. There was a time when Michelle Obama tried to make school lunches healthier for children, and Republicans had a meltdown over it. Telling your voters to ‘stuff their faces with more hamburgers if they want lower prices’ is not a winning message.