Argentina Senate Rejects Milei’s Deregulation Decree; Adobe Shares Tumble

On March 14, 2024, Argentina's senate rejected president Javier Milei’s sweeping emergency decree to deregulate the economy. The move was seen as a major blow to the libertarian leader's bid to deliver lasting reform for the crisis-stricken country. Despite Milei’s political outsider status and the control of less than 10 per cent of senate seats, his La Libertad Avanza coalition struggled to overcome a hostile congress to enact his radical change agenda.