Polls have closed across Portugal: António José Seguro won the first round and progresses to a runoff against André Ventura. Support from the left is limited, while centre-right parties PSD and Iniciativa Liberal refuse to endorse either finalist. The episode analyses the winners and losers of the night—those who exceeded expectations and those who faltered—examining the political consequences for candidates, party backers and the prime minister, and presents all election-night speeches in a single podcast for listeners to assess tone and tactics ahead of the second round.