MONDAY MATTERS | News Worth Knowing October 4th
News and topics that will shape the week ahead:
Another major development took place in South America yesterday, as Brazilian Senator Flávio Bolsonaro, son of former President Jair Bolsonaro, advanced to an October 25 presidential runoff against incumbent Luiz Inácio Lula da Silva. If Bolsonaro wins, his victory would further cement the rightward political shift across Central and South America that has gathered momentum since Trump’s second inauguration.
In another sign of industrial strength, Bayer, the German life sciences company, will invest $2.2 billion to create a pharmaceutical manufacturing plant in New Albany, Ohio. This plant, which will open in 2031, will be Bayer’s first major manufacturing plant in the United States.
Two themes this Substack has highlighted—the rise of Miami and the need for today’s “robber barons” to give back to their communities—came together in one of last week’s best stories. Hedge fund billionaire Ken Griffin announced a record-breaking $3 billion gift to Carnegie Mellon University, including $2 billion to establish a Miami campus focused on technological innovation and $1 billion to strengthen its Pittsburgh campus.
