1. On Wednesday, a commission from Mexico’s ruling Institutional Revolutionary Party (PRI) voted in favor of changing party statutes making it easier for party outsiders to run for president in next year’s election. The move is widely seen as benefiting the candidacies of finance minister Jose Antonio Meade and Education Minister Aurelio Nuño Mayer. The changes are expected to be finalized by a party wide ballot taking place on Saturday.
2. In a Tuesday interview, Mexico’s Minister of Economy, Ildefonso Guajardo, stated that there was a 60% chance that NAFTA talks would conclude by the end of the year. To hedge against a negative result in the negotiations, Guajardo mentioned that Mexico was aggressively pursuing ambitious trade talks with Brazil and Argentina. On Thursday, Guajardo warned of a reduction in U.S.-Mexico cooperation over migration and security matters if the US walks away from NAFTA.
3. The category one hurricane “Franklin” hit the state of Veracruz on Thursday with officials confirming there were no mortalities and minimal damages despite 120 kilometer per hour winds. Franklin later weakened to a tropical storm while over the east coast of Mexico.
4. Soccer star Rafael Marquez and singer Julion Alvarez along with more than 20 other Mexican nationals were sanctioned by the U.S. Treasury department for alleged financial ties with suspected drug trafficker Raul Flores Hernandez. Hernandez has links to the Sinaloa cartel and Jalisco New Generation Gang, and has been accused by US authorities of using front persons to mask investments of illegal drug money. Marquez and Alvarez have denied the allegations.