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Good morning from the Financial Times.

Today is Tuesday, November 1st, and this is your FT News Briefing.

Brazil will have a new president, but the race was so close when Lula takes over,

he'll lead in the shadow of the man he ousted.

Bolsonaro must want, and Lula has promised to govern for all Brazilians and to try to heal the

wounds, but it's going to prove very hard and practice in such a deeply divided country.

Plus, two of the world's biggest car makers, Renault and Nissan, are trying to fix their

marriage. It's been on the rocks for years. I'm Mark Filipino, and here's the news you need to

start your day.

US President Joe Biden yesterday urged Congress to raise taxes on oil companies unless they

increase their output and bring down gas prices. Biden made his comments just days after

one of the biggest oil companies, Exxon Mobile, reported record quarterly profits.

Biden's remarks also come a week before the crucial US midterm elections.

Biden is hoping that by ramping up the attack lines on oil companies, he can either persuade

them to pump more oil and potentially bring down the price at the pump in the medium term,

or deflect some of the blame that voters are placing on his doorstep.

That's the FT's US Energy Correspondent, Miles McCormick, as to whether President Biden can

actually do this. In reality, the chances of something of this kind being brought in

are pretty slim, just simply down to congressional maths, because of the narrow majority

the Democrats have, especially in the Senate. The chances of them being able to push through

...