Brazil's Flavio Bolsonaro Challenges Lula's Election Victory

Brazilian Senator Flavio Bolsonaro refused to recognize President Luiz Inacio Lula da Silva's victory in Sunday's election, following his imprisoned father's lead and calling for the result to be annulled over alleged voting irregularities. The senator questioned a Supreme Court justice's decision to extend voting by two hours, though analysts said his challenge is unlikely to succeed given Lula's margin of over 4 million votes. His petition is also weakened by his own campaign's request for an extension due to heavy rains. Lula's fourth-term victory defied polls and global anti-incumbent trends, disappointing the Trump administration and sparking market concerns, with a Brazil-tracking ETF falling nearly 15%. He faces a Congress packed with Bolsonaro allies, presenting "countless" challenges ahead.