Tensions between the United States and Venezuela have escalated over the past seven months, marked by a series of agreements and threats involving Nicolás Maduro and former U.S. President Donald Trump. Venezuelan opposition leader Juan Guaidó accused Maduro of violating popular sovereignty amid military pressures from Trump. In Chile, the government is preparing the 2026 national budget with a focus on austerity and fiscal order. Minister Mario Marcel has been succeeded by Giorgio Grau in budget design, who aims to adjust spending and enhance control over social fraud. The government plans to achieve annual fiscal savings of approximately $1.2 trillion Chilean pesos, potentially impacting agriculture, mining, and public services sectors. Political debate continues over economic proposals, with Evelyn Matthei criticizing José Antonio Kast's proposal to end a loan program, warning it could undermine social welfare benefits. Economic advisor Ignacio Briones highlighted the lack of growth as Chile's main employment issue and expressed concerns about the instability Kast's proposals might cause. Meanwhile, the Innova Summit 2025 is underway, featuring discussions on innovation, corporate venture capital strategies, and investment trends in Latin America, with participation from industry leaders such as Laura Chicurel of Innova360 and Thamara Prado of Natura.