Saturday’s Latin American Pulse opens with six integrated threads. Mexico posts its first tax-revenue drop in five years just as President Claudia Sheinbaum prepares to deliver her two-year report. Banorte fell more than 7% on Thursday and an Enkoll poll cut her approval by seven points over the Rocha Moya protection.

Two Andean votes converge tomorrow. Colombia opens its first round under a poll blackout that left Cepeda anywhere between 33% and 45% depending on the firm. Peru holds its final presidential debate the same Sunday with a quarter of the electorate still undecided.

Argentina’s MERVAL booked a fourth consecutive record while every other index in the bloc fell. Brazil’s six largest private banks agreed to guarantee a federal-district loan to recapitalise Banco de Brasília as the state-owned-companies deficit accelerated sharply through April.

Chile heads into President Kast’s first Cuenta Pública on Monday with a seven-point security plan, the Reconstrucción Nacional megareforma, and 56% disapproval. CB Global Data placed Sheinbaum at 67.8% atop the regional approval ranking. Medellín led LatAm startup density at 10.9 per 100,000 inhabitants.

Today’s intelligence brief tracks six institutional decisions across the Friday close.