Lucid Motors says it has liquidity for a year after missing estimates

Mexico’s supreme court on Monday declared unconstitutional part of an electoral reform law pushed by President Andrés Manuel López Obrador which advocates said threatened to undermine the country’s democracy.

The justices voted 9-2, meeting the minimum threshold of eight votes under Mexican law, to strike down the bill, which completely restructured and shrank the electoral agency INE. López Obrador made the changes, arguing that INE was corrupt and too expensive.

The agency’s former head Lorenzo Córdova, who opposed the changes, tweeted that the court’s decision was based on violations in the legislative process, indicating that the second half would likely also be struck down.

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