YahooOctober 26, 2026 at 8:38 PM NY22 Hours Ago
Why MercadoLibre (MELI) shares are plunging today
Shares of latin American e-commerce and fintech company MercadoLibre (NASDAQ:MELI) fell 11.3% in the morning session after Brazilian President Luiz Inácio Lula da Silva secured an unexpected runoff victory over conservative challenger Flávio Bolsonaro, reversing weeks of rallies driven by expectations of a business-friendly administration.
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