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Venezuelan President Nicolas Maduro addresses supporters during a march marking the first anniversary of his victory in the disputed July 28 presidential election, in Caracas, Venezuela July 28, 2025.
Hard Numbers: US doubles Maduro’s bounty, Trump appoints new Fed member, Modi and Lula combine forces, & more
$50 million: The US doubled its bounty to $50 million for Venezuelan President Nicolás Maduro’s arrest. The reward is linked to a 2020 case at the US Department of Justice that accused Maduro and other Venezuelan officials of narco-terrorism, corruption, and drug trafficking. Venezuela has dismissed the move as “political propaganda.”
7: US President Donald Trump will nominate Stephen Miran, a tariff advocate and critic of current Fed chair Jay Powell, to temporarily join the seven-member Federal Reserve board, a move analysts say could be positioning Miran to take over for Powell once his term is up in February of 2026. Miran is known for supporting the goal of structurally weakening the US dollar – more on that here.
50: Indian Prime Minister Narendra Modi and Brazilian President Luiz Inácio Lula da Silva hopped on a call to discuss a unified response to Trump’s tariffs, which currently stand at 50% against Brazil and 25% against India. The call comes the day after Lula announced he would try to rally BRICS countries to push back on the US leader’s trade policy.
8: Check m8. OpenAI’s model beat Elon Musk’s Grok, and Google’s Gemini model came after a three day chess tournament this week. The competition took place between eight AI companies' normal AI products – rather than models designed for chess – testing their reasoning skills at a task they are still improving at.Venezuelan opposition presidential candidate Edmundo Gonzalez and Venezuelan opposition leader Maria Corina Machado greet supporters during a campaign rally for the presidential election in Valencia, Carabobo State, Venezuela, July 13, 2024.
Meet Venezuela’s Edmundo González
Who is Edmundo González? He’s the opposition candidate with a chance, at least on paper, to unseat strongman President Nicolás Maduro in this weekend’s Venezuelan election. It’s a surprising position for this 74-year-old former diplomat who has never run for office and was virtually unknown to Venezuelans a few months ago. It’s more surprising that polls show him running ahead of Maduro.
But in a sense, Edmundo González is María Corina Machado, who won more than 90% of the vote in an open opposition primary in late October. Maduro-aligned judges on Venezuela’s supreme court then ruled her ineligible for election. After Machado’s first chosen replacement was also banned, she turned to the soft-spoken González, whose deliberately anodyne campaign message is that all Venezuelans must “come together.”
Meanwhile, it’s Machado on the campaign trail working hard to get out the vote while González remains safely on the sidelines. A vote for González is a vote for the popular Machado.
In the end, none of these opposition gymnastics are likely to matter. Maduro will almost certainly rig the election to stay in power, and it appears the military remains on his side. But this weekend’s vote is still one to watch.
For more on this weekend’s election, check out GZERO’s Viewpoint interview with Eurasia Group expert Risa Grais-Targow here.