IBOV 188,182.75 ▲ 1.64% IPSA 11,315.26 ▼ 1.14% IPC MEX 65,010.39 ▲ 0.44% MERVAL 3,066,449 ▲ 1.05% COLCAP 2,565.10 ▼ 0.02% BVL PERÚ 59,620.96 ▼ 0.05% USD/BRL5.09▼ 0.70% USD/MXN16.91▼ 0.01% USD/CLP923.98▼ 1.13% USD/COP3,108▼ 0.66% USD/PEN3.35▼ 0.19% USD/ARS1,510▼ 0.12% USD/UYU40.22▲ 1.23% USD/PYG5,892▲ 0.36% USD/BOB12.45▲ 2.03% USD/DOP58.50▼ 0.01% USD/CRC446.50▲ 1.13% USD/GTQ7.64▲ 2.32% USD/HNL26.84▲ 1.63% USD/NIO36.62▲ 0.69% USD/VES812.65▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.71▲ 1.03% EUR/BRL5.92▼ 0.50% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 188,182.75 ▲ 1.64% IPSA 11,315.26 ▼ 1.14% IPC MEX 65,010.39 ▲ 0.44% MERVAL 3,066,449 ▲ 1.05% COLCAP 2,565.10 ▼ 0.02% BVL PERÚ 59,620.96 ▼ 0.05% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
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Tuesday, September 8, 2026

Brazil Politics - Brazil

Lula’s Supreme Court Pick Could Recast Brazil’s Legal Machine—and Its Investment Climate

By · October 14, 2025 · 2 min read

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A surprise early retirement by Supreme Federal Court justice Luís Roberto Barroso has set off a two-step power shuffle in Brasília: who gets the Court seat now, and who runs the federal government’s legal machine if that choice cascades.

Front story: Attorney General of the Union Jorge Messias is widely seen as the favorite for the Supreme Court. If he moves, President Luiz Inácio Lula da Silva will pick a new chief for the Advocacia-Geral da União (AGU), the office that defends the Union and shapes litigation strategy across ministries.

Two career technocrats top the internal list: Anelise Lenzi Ruas de Almeida, who leads the National Treasury Attorney’s Office (PGFN), and Adriana Maia Venturini, who heads the Federal Attorney’s Office (PGF).

The story behind the story: Lula has tended to reserve Supreme Court nominations for trusted confidants, while elevating more women to other top benches.

Naming Messias to the Court and a woman to the AGU would both answer criticism about gender balance and cultivate a future Supreme Court contender from inside government.

The AGU has been a launchpad before: Gilmar Mendes, Dias Toffoli, and André Mendonça all ran it en route to the Court.

Lula’s Supreme Court Pick Could Recast Brazil’s Legal Machine—and Its Investment Climate.
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Why Almeida and Venturini matter: under their watch, the government racked up recent wins that protected public finances—upholding a cap on education deductions in personal income tax and confirming that PIS/Cofins levies count in the payroll-tax base.

Brazil’s Supreme Court Shuffle Could Redefine Fiscal Stability

Reversal of the “revisão da vida toda” pension theory avoided up to R$500 billion ($94.34 billion). Broader STF tax-case victories were tallied in the hundreds of billions of reais, including roughly R$173 billion ($32.64 billion) and R$115 billion ($21.70 billion) swings on closely watched disputes.

What happens next: the president nominates, the Senate holds a hearing and votes, and the nominee takes office. But politics—Senate math, fiscal priorities, and coalition pressures—will shape the pick.

If Lula wins a new term, more mandatory retirements in 2028–2030 mean today’s moves help define the Court for years.

Why this matters beyond Brazil: the Supreme Court and AGU set the tone for tax, pension, and regulatory cases that drive investment risk, corporate costs, and the predictability of rules.

In plain terms: this shuffle will influence how quickly big disputes get settled and how stable Brazil’s business environment feels to outsiders and locals alike.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error

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