The weekly Argentina Brief breaks down the biggest economic and financial news from Argentina — in under 3 minutes.

This week:

*Stanley Druckenmiller is back in Argentine stocks. His Duquesne Family Office picked up US$128 million in YPF — now at 20-year highs — plus Vista Energy and the MSCI Argentina ETF. Morgan Stanley, UBS, Goldman Sachs, JPMorgan, and Citi also bought Argentine equities in Q1.

*MSCI upgrade speculation is building. Morgan Stanley estimates Argentina could see US$5 billion in passive inflows if reclassified to emerging market status this month.

*Argentina's capital markets posted their best start to a year since 2015. Companies raised US$6.2 billion in debt issuances through April — dollar bonds drove nearly 90% of the total.

*Swiss trader Mercuria closed its US$1.42 billion acquisition of Shell's downstream assets — the Dock Sud refinery, 894 gas stations, and more.

*Chevron filed a RIGI application for El Trapial, a US$13.8 billion upstream project in Vaca Muerta — the first filed exclusively by a US company. RIGI now totals US$107 billion in committed investment across 38 projects.

*The Central Bank hit its US$10 billion reserve purchase target seven months early, on its 100th consecutive buying session. VP Vladimir Werning said the BCRA has restored its "firepower" ahead of the 2027 elections.

*Foreign Minister Pablo Quirno announced Argentina formally applied to join the Trans-Pacific trade bloc (CPTPP) — 12 countries representing 13% of global GDP.

*The latest REM survey: May inflation expected at 2.3%, breaking below 2% by August. Annual inflation forecast at 30.5% for 2026, 19.9% for 2027. GDP growth at 2.9% this year, 3.1% in 2027 and 2028.

Hosted by Francisco Aldaya, Bureau Chief for Argentina at Bloomberg Línea.