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Stock impact report

Cosan (CSAN) Fell by Over 10% This Week. Here is Why [Yahoo! Finance]

Cosan S.A. ADS (CSAN) 
Company Research Source: Yahoo! Finance
Cosan S.A. (NYSE:CSAN) is a Brazilian conglomerate engaged in fuel distribution. It operates through Raízen, Compass, Moove, Rumo, and Radar segments. Cosan S.A. (NYSE:CSAN) was among the Brazilian stocks that slumped on December 5 following reports that former Brazilian President Jair Bolsonaro had endorsed his son, Senator Flavio Bolsonaro, as the far-right candidate for the presidential election next October. The report was also confirmed by a social media post by the senator, who stated on X: “It is with great responsibility that I confirm the decision of Brazil's greatest political and moral leader, Jair Messias Bolsonaro, to entrust me with the mission of continuing our national project.” This news sent Brazilian stocks falling, with the country's benchmark stock index Bovespa down by over 4.3% and the Brazilian Real slipping as much as 3% against the US dollar, as investors were hopeful that the former president would nominate São Paulo Gov. Tarcísio de Freitas, who is v Show less Read more
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