Manish Kabra, head of US equity strategy at Societe Generale, says investors can lean into history as he offers perspective on market performance following midterm elections. He speaks on “Bloomberg Surveillance.” (Source: Bloomberg)
NPR's A Martinez talks with Democratic Sen. Kirsten Gillibrand of New York about Democrats' priorities and strategies now that the party has won back control of the House and Senate.
At the president's urging, Republicans gerrymandered new maps based on Trump’s 2024 performance, wrongly assuming the midterm electorate would match his presidential coalition. Despite their failure, this may be just the beginning of the redistricting wars, Bloomberg Opinion columnist Mary Ellen Klas says. (Source: Bloomberg)
Plus: Mike Johnson will step down as House GOP leader, Israel’s election commission finds ‘no evidence’ of voting fraud, and pizza is ‘soft power in a cardboard box,’ apparently.
Despite wins, Democrats lack the two-thirds majority needed to overturn a presidential veto and push through a law.
The center-left technology policy group Chamber of Progress is laying out its policy priorities for Democrats, as the party prepares to take back control of the House and Senate next year. In a memo sent Wednesday and first reported by The Hill, Chamber of Progress urges Democratic lawmakers to focus on consumer protection, economic opportunity…
The 2026 midterm elections were the most expensive on record, with nearly 12 billion dollars spent during the campaign. Tech tycoon Elon Musk was by far the largest individual donor ever, injecting over 440 million dollars of his money to support the GOP. Tuesday's resounding Democratic victory showed the limits of his money, power and influence.
Not all AI companies fared well, but hyperscalers did.
"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops. Today's guests: Jari Stehn, Goldman Sachs Chief European Economist; Estelle Brachlianoff, Veolia CEO; Caroline Behringer, CB Strategies Founder; Amanda Sloat, IE University Professor. (Source: Bloomberg)
US Democrats are promising to leverage their landslide election win to bring down living costs and hold President Donald Trump's administration to account. They are set to take control of both chambers of Congress in January, but delivering on their agenda could mean striking deals with the very president they have pledged to rein in.
Who voted, which seats flipped and who made history? A look at the numbers behind the 2026 US midterm elections.
Plus, new AI headwinds, that darn deficit, and voices from the polls.
The tech industry spent big on the midterms, but it turned out to be a poor investment. Elon Musk poured a staggering $446m dollars into Republican-aligned political action committees (Pacs) and groups since last year, but his efforts didn’t pay off. Democrats won every one of the five Senate races where Musk’s America Pac spent the most money backing Republican candidates. Carter Sherman and Kai Wright are joined by the Guardian’s US tech editor, Blake Montgomery , to ask what the ‘blue tsunami’ will mean for Musk and the wider tech industry. Will this spell the end of AI datacenters? And if so, what could this mean for the US economy? Continue reading...
Overturning Citizens United is not enough. Campaigns must be funded with public money rather than private donations Having devoted most of my adult life to reporting on, campaigning against, and exposing the corrosive influence of money in politics, I’m gratified that this cause was – finally – front of mind in a national election. That’s right: in the midterms, corruption topped the list of Americans’ concerns, and candidates won by waging campaigns promising to reject corporate Pac money and linking Washington’s pay-to-play culture to the affordability crisis. Continue reading...
Senior leaders say party will be ‘united’ in focus, but progressives call on party to take radical action Progressive Democrats have declared that significant US midterm election wins across the country are as much a repudiation of their own party’s political establishment as of Donald Trump’s presidency. After a string of left-wing candidates scored stunning victories from Texas to Michigan, senior Democratic leaders have stressed the party’s new representatives in Washington will be “united” in their focus on reducing costs for Americans and ending corruption under Trump. Continue reading...
President Trump is expected to spend time on plans for his presidential library, but Democrats in Congress have some questions about how it's being financed.
A series of reported secret U.S. military attacks carried out against Iran in the lead up to Tuesday’s midterm elections is raising alarms around public transparency. The United States’s Monday strike on Iranian targets in the Strait of Hormuz — including an anti-aircraft facility on the strategic Qeshm Island — marked the latest in a…
Voters sent a strong rebuke of the GOP health agenda on Tuesday night as Democrats took control of both chambers of Congress, rejecting Republicans who pushed sweeping healthcare cuts. Here are four takeaways from the results: Health affordability was a winning message Democratic candidates made healthcare affordability a key part of their messages. They…
Fierce pushback to data centers helped carry Democrats to victory in key races across the nation this week, and where the centers were explicitly on the ballot, they lost overwhelmingly. Midterm voters both rejected industry-backed candidates and overwhelmingly backed resolutions to halt data center construction, dealing a major blow to the sector. Election Day marked…
Democrats made clear after Tuesday’s stunning midterm victories that they will use their historic gains in Congress to flex their investigative muscles, swiftly issuing warnings to Trump administration officials they say have thus far dodged their oversight. “Lawyer up,” was the two-word statement issued by incoming House Oversight and Government Reform Committee Chair Robert Garcia…
One day after a dismal midterm election result for President Donald Trump‘s Republican Party, Judiciary Committee Democrats are already recruiting lawyers and investigative staff for the next Congress as outside legal organizations prepare for investigations into the president, his administration, and his family’s business dealings. The preparations add weight to the subpoena threats Democrats issued […]
Republicans woke up Wednesday morning licking their wounds after a shellacking in Tuesday’s midterm elections. Many are now determining what the path forward for their party ought to be and how far to push back on President Trump from the minority. After enjoying a governing trifecta for the first two years of the second Trump…
Tuesday’s election laid bare just how much Americans are against the conflict.
U.S. midterm results could slow data center development, raising the value of existing AI capacity while increasing pressure on debt-funded neoclouds.
Vice President Vance stepped out of President Trump's shadow Wednesday, seizing on the GOP's midterm catastrophe to begin the explosive task of claiming MAGA as his own. "The reason we lost is the war," Vance wrote in an extraordinary 600-word postmortem on X , blaming Trump's Iran campaign for Republicans' historic collapse. Why it matters: Vance's presidential ambitions are entangled in the wreckage of a war he privately opposed but publicly defended. His path to 2028 demands a delicate political calculation. Vance must convince MAGA's disillusioned voters that he understands their sense of betrayal, even as he remains a central figure in the administration responsible for the Iran war. His maneuvering will take place under the gaze of a president who doesn't seem particularly eager to leave the stage — and who isn't shy about reining in those on his team who overstep. "Today, JD Vance became president — or acted like he wanted to become one," a source close to the administration told Axios. Zoom in: Vance argued that defections from Trump's 2024 coalition — not lack of turnout — drove the GOP's collapse in Tuesday's midterms. Citing polling of disaffected Trump voters, he identified four demands: "End the war." "Focus on cost of living/inflation." "Put America First." "Change our relationship to Israel." Those happen to be the four hottest topics among top MAGA podcasters and activists. So Vance is aligning with those leaders on topics where MAGA anger with Trump is raging. What they're saying: "If you'd like to argue [the war] was worth it, that losing the Senate for the next 6 years was worth it, then do so," Vance wrote. "Argue it was a worthwhile cost to pay. Agree or disagree, that's at least honest." Trump accepted that challenge Wednesday, acknowledging that the war had hurt Republicans but insisting it was worth the cost. "If I had to do it again, I'd have to do it again," he told reporters. "As far as that war is concerned, I would have done nothing diff
Americans made it very clear on Tuesday that health care is too expensive. The challenge for Democrats is to agree on the quickest way to deliver some relief. Why it matters: Voters can't wait until 2029 for life to get cheaper — but any short-term action to meaningfully lower health costs will require Democrats to make deals with President Trump. The big picture: There's already speculation about what a Democratic unity health care agenda would look like, and what progressives' midterms success means for Medicare for All. But that's largely geared toward the 2028 presidential race or a possible Democratic administration. The short-term reality is that any ambitious policies that significantly expand the government's role in health care are almost certain to collide with Trump's veto pen. Strategists say the Democrats' most realistic option is to find piecemeal affordability fixes next year and play the long game when it comes to reshaping the health system. "If you read history, people make the biggest mistakes when they win. That's when they take their eye off the ball and they don't do the right thing," said Zeke Emanuel, an adviser in the Obama White House and a professor of medical ethics and health policy at the University of Pennsylvania. "This is an affordability election. We need to do affordability, but I do agree with the idea that this is a two-step process," he added. "There's going to have to be longer-term reforms." "For those debating whether the new Congress should consider big and bold reforms or pass practical help for people right away, the answer is yes. Voters can and should expect action on multiple fronts," Families USA executive director Anthony Wright said in a statement. Between the lines: Democrats' top priorities for the next Congress are restoring enhanced Affordable Care Act subsidies and reversing the Medicaid funding cuts in last year's GOP reconciliation law. Their unexpectedly large majorities in each chamber will give them leverag
As he takes stock of his Republican Party's midterm drubbing, US President Donald Trump now faces the difficult question of what to do about his unpopular war against Iran. Trump acknowledged the war affected the midterms, suggesting voters were frustrated by surging gas prices that have been a byproduct of the more than 8-month-old conflict. FRANCE 24's International Affairs Editor Philip Turle tells us more.
US Vice President JD Vance blames the war for the midterm rout as Democrats prepare to use Congress to rein it in.
Also: All the news and watercooler chat from Fortune.
Former Vice President Kamala Harris, former Secretary of State Hillary Clinton, and former President Bill Clinton offered their thoughts on the heels of the midterm elections.
he CEO of water and waste management company Veolia said that neither the Democrats victory in the US (its number 2 country) nor the political turmoil in France (which represents 20% of revenue) will change the course of demand for Veolia. That’s after the company reported revenues up 3.1% in the first 9 months of the year. (Source: Bloomberg)
Some Democrats quickly signaled they could try to roll back the president’s tax and trade policies, ignoring his early veto threats.
President Trump’s 250-foot arch project is expected to win approval on Thursday from a federal planning board. Court action and Democrats’ upcoming control of Congress could halt the plans.
The midterm results laid bare the deep unpopularity of the war of choice that President Trump started and is now struggling to end.
Years of organizing met a moment of voter discontent, as James Talarico and Gina Hinojosa offered Texans a message of economic relief and political change.
Data: Axios research; Map: Andrew Pantazi/Axios Democrats are on track to take control of a majority of legislative chambers, ending 16 years of Republican dominance over America's statehouses. If current leads hold, 75% of Americans will live in a state with a Democratic governor, and 53% will live in Democratic trifectas. Why it matters: Statehouses are the front line of American federalism, and Tuesday's gains dramatically expand Democrats' power to increase minimum wages, protect abortion access, and set voting rules ahead of 2028 for most Americans. Driving the news: The party is set to flip 12 legislative chambers, dismantle five Republican state trifectas, shatter 11 GOP supermajorities and build 12 of its own, according to AP returns as of 6pm ET on Wednesday. If leads hold, Democrats will control the governor's office and both chambers in five of the seven 2024 presidential battlegrounds: Arizona, Michigan, Nevada, Pennsylvania and Wisconsin. They have also broken Republican one-party rule in the sixth (Georgia) and flipped the House in the seventh (North Carolina). Democrats flipped five GOP-held governorships (Georgia, Iowa, Nevada, Ohio and Texas) and lead in Alaska. Republicans haven't flipped any, despite targeting Arizona, Michigan, Oregon and Wisconsin. Kansas, where Democrat Cindy Holscher was leading by about half a point Wednesday evening, is uncalled. The big picture: Ever since the 2010 Tea Party wave, Republicans have used their grip on statehouses to reshape American life: banning abortion, loosening gun laws, restricting collective bargaining and expanding private-school vouchers. They drew maps that kept them in power even in years Democrats won more votes statewide. Tuesday's Democratic gains broke that firewall. By the numbers: Republicans entered Election Day with 23 trifectas (control of the governor's office and both chambers) to Democrats' 16. If leads hold, Democrats will have 22 and Republicans 18. 24% of Americans will live under a
Democrats gain hundreds of seats in historic victories – and party set to embark on aggressive legislative spree The blue wave that swept Republicans out of power across the United States didn’t just strike Congress. In Tuesday’s midterm elections, Democrats gained hundreds of seats in state legislatures across the country, under-the-radar victories that may have major implications for life in America. Though ballots are still being counted, the party’s success appear to be historic – Democrats haven’t won full control of government in Arizona in 60 years, in Pennsylvania since the 1990s, and Wisconsin since their wipeout in 2010. In Michigan and Minnesota, they regained trifectas they lost after the 2024 election, while in Texas, they will control the state house for the first time since 2002. Continue reading...
Voters in Nevada, Virginia, Missouri and Idaho passed or strengthened protections for women’s reproductive freedom Reproductive rights were on the ballot on Tuesday night as voters weighed in on several abortion -related measures, delivering a largely successful night for reproductive rights advocates encompassed by a historic blue wave . In Nevada , voters approved an amendment enshrining abortion rights in the state constitution, permanently protecting access to abortion through the second trimester after a second referendum on the measure. Continue reading...
A Democratic sweep has changed Washington’s balance of power. But from gambling legislation to stadium subsidies, both parties have helped build the system that enriches American sports’ billionaire owners Before a single vote was cast this election cycle, the technocrats and oligarchs who own American sports had already voted. Pro sports owners put more than $100m into this cycle, according to Front Office Sports. But Tuesday night was a referendum not just on Donald Trump and Maga policies, but on the puppeteers who pull America’s strings. The people voted, and the owners lost. Before anyone frames this as a rescue, a word about the rescuers. Democrats are the instrument for ending Maga, and they are also the other face of the same coin. Think Republicans are behind all of our ills? Think again. New Jersey’s governor, Phil Murphy, placed his state’s first legal sports bet in 2018. Illinois governor JB Pritzker signed sports betting into law a year later. New York’s mobile sportsbooks went live under Governor Kathy Hochul in 2022, with the state taking 51% of the revenue. Pritzker and Hochul both won Tuesday, and all of them are Democrats. In some of the biggest betting markets in the country, the bookmakers’ most reliable partner has been a Democratic statehouse. Continue reading...
For the first time in 20 years, corruption was the top issue on voters’ minds this election year. President Donald Trump rightly deserves blame for making it a top-tier issue. The day before Republicans suffered historic losses in the House and Senate, turning both chambers over to the Democrats, Gov. Ron DeSantis (R-FL) told radio […]
The nationwide blue wave in the midterm election didn’t necessarily carry over to ballot measures on abortion and transgender issues.
Tuesday's dramatic midterm results have transformed the electoral map, ensuring the path to future power for Democrats and Republicans must run through the South and its diverse voting population.
Democrats created new power trifectas across the country thanks to the party’s blue wave, sweeping control of state governments and enabling them to redraw more congressional maps in their favor before the 2028 elections, should they choose to do so. Democrats added at least five states where they will control both legislative chambers and the […]
NPR's Leila Fadel speaks with historian and journalist Anne Applebaum about how much a Democrat-led Congress can steer foreign policy.
Democrats are planning out how to tackle their agenda in the new year, ballots are still being counted in some undecided races, Trump avoids taking the blame after GOP midterm losses.
The Democratic gains in this week's midterm elections will bring a different business climate to Washington. But the overall economy should be OK.
The 2026 election proved to be very good for Democrats and very bad for President Trump and Republicans. But there are still races outstanding that can tell us what mattered to voters this year.
Democrats will be replacing Republican governors in a number of states after Tuesday's election and will hold the majority of governorships nationwide for the first time since 2010.
