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☆ U.S. Senate up for grabs as Republicans move toward House majority
▼ + stars: | 2022-11-10 | by ( Joseph Ax | ) www.reuters.com time to read: +5 min

(Live election results from around the country are here.) But Democrats were able to avoid the major defeat that Republicans had anticipated and were holding on in the close Senate battles in Nevada and Arizona. Even a slim House majority would allow Republicans to shape the rest of Biden's term, blocking priorities such as abortion rights and launching investigations into his administration and family. A White House official said Biden spoke by phone with Republican House leader Kevin McCarthy, who announced earlier in the day his intention to run for speaker of the House if Republicans control the chamber. Control of the Senate, meanwhile, would give Republicans the power to block Biden's nominees for judicial and administrative posts.

Apart from generating and selling electricity, RWE also operates a large desk that trades in electricity, gas and CO2 certificates as well as other commodities, which can lead to bumper profits in times of significant price swings. "We have a very fundamental understanding of how markets work," Chief Financial Officer Michael Mueller told reporters on Thursday. Stifel Research, keeping a "buy" rating on RWE shares, said trading results were driven by so-called contango, where the futures price of a commodity is higher than spot levels. Nine-month adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) rose to 4.1 billion euros ($4.1 billion), up from 2.4 billion a year earlier. Apart from the strong performance in trading, where profits were up 59%, results also benefited from higher electricity wholesale prices for gas and biomass, Mueller said.

☆ Voters have been complaining about inflation for months, but they didn't punish Democrats for the economy as much as expected
▼ + stars: | 2022-11-10 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +4 min

In the weeks leading up to the midterm elections, it seemed all voters cared about was the economy. Polling showed Americans were counting on Republicans to fix inflation and planned to vote Democrats out. But the lack of the anticipated Republican wave shows that Americans didn't punish the party in power as much as expected. The National Election Pool exit poll conducted by Edison Research found that abortion only narrowly trailed inflation, 27% to 31%, as voters' top issue. The exit polling doesn't dispute the idea that inflation and the economy were voters' top concerns.

☆ Republicans close in on U.S. House majority, Senate still up for grabs
▼ + stars: | 2022-11-10 | by ( Joseph Ax | ) www.reuters.com time to read: +4 min

A split would mean the Senate majority would come down to a runoff election in Georgia for the second time in two years. Even a slim House majority would allow Republicans to shape the rest of Biden's term, blocking priorities such as abortion rights and launching investigations into his administration and family. A White House official said Biden spoke by phone with Republican House leader Kevin McCarthy, who announced earlier in the day his intention to run for speaker of the House if Republicans control the chamber. Control of the Senate, meanwhile, would give Republicans the power to block Biden's nominees for judicial and administrative posts. MIXED RESULTSThe party in power historically suffers heavy casualties in a president's first midterm election, and Biden has struggled with low approval ratings.

☆ Midterm election results boost Biden 2024 hopes, strategists say
▼ + stars: | 2022-11-09 | by ( ) www.reuters.com time to read: +2 min

WASHINGTON, Nov 9 (Reuters) - Encouraged by better-than-expected midterm results, Democratic strategists on Wednesday predicted U.S. President Joe Biden would run again despite exit polls showing two-thirds of voters, including 43% of Democrats, prefer he not seek re-election. Republicans and pundits alike continue to underestimate him at their own peril,” Jennifer Holdsworth, a Democratic strategist, told Reuters. Another Democratic strategist, Karen Finney, said the midterms result should mean that Biden "gets all the time he wants to decide" on what to do about 2024. Two thirds of midterm voters - including 43% of Democrats - would prefer that Biden not seek re-election in 2024, according to exit polling conducted by Edison Research. Reporting by Steve Holland and Jarrett Renshaw; Editing by Heather Timmons and Howard GollerOur Standards: The Thomson Reuters Trust Principles.

☆ Election denier loses race in Michigan; Arizona and Nevada not yet called
▼ + stars: | 2022-11-09 | by ( Michelle Nichols | ) www.reuters.com time to read: +4 min

[1/2] Republican candidate for Michigan Secretary of State Kristina Karamo campaigns in Clinton Township, Michigan, U.S. November 4, 2022. Democratic President Joe Biden narrowly won Michigan, Arizona and Nevada in 2020 and Trump and his allies have falsely claimed that the results were fraudulent. As of Wednesday, States Action United said 13 election deniers had won a statewide role in election administration in 9 states, while 24 election deniers had lost races in 17 states. The races in Michigan, Arizona and Nevada are particularly important because they are key battleground states. Ahead of Tuesday's elections, Biden accused Trump of inspiring Republican election denier candidates and warned voters: "Democracy is on the ballot for all of us."

House Republican Leader Kevin McCarthy had hoped to celebrate a resounding victory that would propel him into the top job of speaker. But Republican hopes for a "red wave" of victories faded as Democrats showed surprising resilience in several key races. Pelosi said in a statement, "It is clear that House Democratic members and candidates are strongly outperforming expectations around the country." [1/9] Supporters cheer U.S. House Republican Leader Kevin McCarthy (R-CA) at a House Republicans' party held late on the night of the 2022 U.S. midterm elections in Washington, U.S., November 9, 2022. The Georgia Senate race could end up in a Dec. 6 runoff, possibly with Senate control at stake.

By early Wednesday, Republicans had flipped six Democratic House seats, Edison Research projected, one more than the minimum they need to take over the chamber. But Republican hopes for a "red wave" of victories faded as Democrats showed surprising resilience in several key races. Pelosi said in a statement, "It is clear that House Democratic members and candidates are strongly outperforming expectations around the country." But television host and heart surgeon Mehmet Oz failed to win his Pennsylvania Senate race. In Pennsylvania, Republican gubernatorial candidate Doug Mastriano, who sought to overturn the state's election results after Trump lost, was defeated by Democrat Josh Shapiro.

☆ Analysis: Four takeaways from the U.S. midterm elections
▼ + stars: | 2022-11-09 | by ( James Oliphant | ) www.reuters.com time to read: +6 min

[1/5] Republican Florida Governor Ron DeSantis is showered with confetti as he celebrates onstage with his wife Casey and family during his 2022 U.S. midterm elections night party in Tampa, Florida, November 8, 2022. Oz, the TV physician who was Trump's hand-picked candidate for the race, had questioned his fitness for office. During Fetterman's campaign, he made much of visiting the state's rural regions with talk of creating working-class jobs. Meanwhile, a race in the state’s 10th district, situated even closer to Washington, ended with incumbent Democrat Jennifer Wexton keeping her seat. The win moved Republicans closer to the five seats they needed to take over the House.

In the House of Representatives, Republicans remained favored to win a majority that would allow them to halt Biden's legislative agenda. By early Wednesday, the party had flipped six Democratic House seats, Edison Research projected, one more than the minimum they need to take over the chamber. But Republican hopes for a "red wave" of victories faded as Democrats showed surprising resilience in several key races. The Democratic speaker of the House, Nancy Pelosi, said in a statement, "It is clear that House Democratic members and candidates are strongly outperforming expectations around the country." Voter anger over the Supreme Court's June decision to overturn the nationwide right to abortion helped Democrats to curb their losses.

SummarySummary Companies Key House, Senate races still too close to callRepublican-controlled Congress would stymie Biden agendaPHOENIX, Ariz./BIRMINGHAM, Mich., Nov 8 (Reuters) - Control of Congress was up for grabs after Tuesday's U.S. midterm elections with many of the most competitive races uncalled, leaving it unclear whether Republicans would seize control from President Joe Biden's Democrats. In the House of Representatives, Republicans had been favored to win a majority that would allow them to halt Biden's legislative agenda. By early Wednesday, the party had flipped four Democratic House seats, Edison Research projected, one short of the number they need to take over the chamber. The Georgia Senate race could end up in a Dec. 6 runoff, possibly with Senate control at stake. Democrats currently control the 50-50 Senate with Vice President Kamala Harris able to break any ties.

Vance won Ohio's U.S. Senate race in Tuesday's midterm elections, but control of the chamber remained up for grabs with several contests too close to call. Democrats currently control the 50-50 Senate with Vice President Kamala Harris able to break any ties. In addition to every House seat, 35 Senate seats and three dozen governors' races are on the ballot. (Live election results from around the country are here.) In Pennsylvania, Republican gubernatorial candidate Doug Mastriano, who sought to overturn the state's election results after Trump lost, was defeated by Democrat Josh Shapiro.

☆ Analysis: Three takeaways from the U.S. midterm elections
▼ + stars: | 2022-11-09 | by ( James Oliphant | ) www.reuters.com time to read: +6 min

REUTERS/Marco BelloWASHINGTON, Nov 8 (Reuters) - Tuesday's U.S. midterm elections will determine whether Republicans seize control of Congress from Democrats. Early exit polls from Edison Research, however, showed reason for concern as Democrats appeared to be losing support from crucial voting blocs. The exit polls showed 54% of voters with college degrees picking Democrats while 45% voted for Republicans. Exit polls showed Republicans were winning 40% of the Hispanic vote, compared to 32% won by Trump in 2020. Now all eyes will be on his next move — and whether he has the guts to take on Trump for the 2024 Republican presidential nomination.

[1/14] A voter waits in line to cast their ballot during the midterm elections, in McAllen, Texas, U.S., November 8, 2022. REUTERS/Callaghan O'HarePHOENIX, Ariz./BIRMINGHAM, Mich., Nov 8 (Reuters) - Republicans were favored to wrest control of the U.S. House of Representatives away from President Joe Biden's Democrats based on early returns in Tuesday's midterm elections, though the prospects of a "red wave" appeared to have dimmed. But importantly, that number can change as close to 200 of the 435 House races had yet to be called, including some with vulnerable Republican incumbents. But even a narrow Republican House majority would be able to block Biden's priorities while launching politically damaging investigations into his administration and family. (Live election results from around the country are here.)

☆ Analysis: Takeaways from the U.S. midterm elections
▼ + stars: | 2022-11-09 | by ( James Oliphant | ) www.reuters.com time to read: +4 min

[1/5] Republican Florida Governor Ron DeSantis is showered with confetti as he celebrates onstage with his wife Casey and family during his 2022 U.S. midterm elections night party in Tampa, Florida, November 8, 2022. REUTERS/Marco BelloWASHINGTON, Nov 8 (Reuters) - The U.S. midterm elections on Tuesday will determine whether Republicans can seize control of Congress from Democrats. Early exit polls from Edison Research, however, showed reason for concern as Democrats appeared to be losing support from crucial voting blocs. The exit polls showed 54% of voters with college degrees picking Democrats while 45% voted for Republicans. Exit polls showed Republicans were winning 40% of the Hispanic vote, compared to 32% won by Trump in 2020.

REUTERS/Mary F. CalvertPHOENIX, Ariz./BIRMINGHAM, Mich., Nov 8 (Reuters) - Senate incumbents including Democratic leader Chuck Schumer and senior Republican John Thune won re-election in Tuesday's U.S. midterm elections, on a day Republicans were expected to wrest control of Congress away from President Joe Biden's Democrats. Thirty-five Senate seats and all 435 House of Representatives seats are on the ballot. The final outcome, particularly control of the 50-50 Senate, is unlikely to be known any time soon. Democrats currently control that chamber through Vice President Kamala Harris' tie-breaking vote. The Georgia race could end up in a Dec. 6 runoff to determine which party holds the Senate.

DeSantis, a possible contender for the Republican presidential nomination in 2024, turned away Democratic Representative Charlie Crist, Edison Research projected. Seven Republicans also won U.S. Senate seats, according to Edison, though none was unexpected. Thirty-five Senate seats and all 435 House of Representatives seats are on the ballot. Republicans are widely favored to pick up the five seats they need to control the House, but control of the Senate could come down to tight races in Pennsylvania, Nevada, Georgia and Arizona. In Maricopa County, Arizona - a key battleground - the Republican Senate nominee, Blake Masters, and the national party filed an emergency lawsuit seeking to extend voting hours after some tabulation machines malfunctioned.

☆ Republicans pick up U.S. House seats previously held by Democrats, Edison Research projects
▼ + stars: | 2022-11-09 | by ( ) www.reuters.com time to read: +1 min

[1/2] Voters cast their ballots at Northern High School in the midterm election, in Detroit, Michigan, November 8, 2022. REUTERS/Evelyn HocksteinWASHINGTON, Nov 8 (Reuters) - Republicans have picked up a net three seats in the U.S. House of Representatives that had previously been held by Democrats with 371 of 435 races not yet called, Edison Research projected on Tuesday. For House races, Edison Research is tracking the net number of seats that flip from one party to another, as opposed to the net gain or loss of overall seats by either party. So far, Republicans have won 45 seats in the 435-seat House and Democrats have won 19 seats, Edison projected. Reporting by Katharine Jackson and Dan BurnsOur Standards: The Thomson Reuters Trust Principles.

Edison Research projected that incumbent Republican Senators Tim Scott in South Carolina and Todd Young in Indiana would win re-election. Fox News projected Republican Rand Paul would win re-election in Kentucky and Democrat Peter Welch would win an open Senate seat in Vermont. I blame the current administration for that," said Bethany Hadelman, who said she voted for Republican candidates in Alpharetta, Georgia. A Republican Senate would hold sway over Biden's judicial nominations, including any Supreme Court vacancy, intensifying the spotlight on the increasingly conservative court. Those concerns swayed even some Republican leaning voters like Henry Bowden, 36, an Atlanta lawyer who said he voted for a mix of Republican and Democratic candidates.

"I will do anything I can to keep him from running," said Gordon Nelson, 77, who cast an all-Republican ballot on Tuesday in Birmingham, Michigan. Nelson voted for Trump twice, but now blames him for the nation's tense political climate and for the Democrats' majority in Congress. Nelson's opinion was shared by six other Republican voters in Arizona, Georgia and Michigan who Reuters interviewed on Tuesday, most of whom brought up their distaste for Trump unprompted. About 60% of Republicans surveyed by Reuters/Ipsos last month said they thought Trump should run again in 2024, with 36% saying he should not. "I think (Trump) would just keep the pot stirring.

☆ Factbox: U.S. midterm elections: The race for control of the Senate
▼ + stars: | 2022-11-09 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Cheney OrrWASHINGTON, Nov 8 (Reuters) - Americans cast ballots on Tuesday in midterm elections that will determine whether President Joe Biden's Democrats keep control of the U.S. Senate, as 35 of its 100 seats are up for grabs. ET (0011 GMT, Nov. 9)Edison Research provides exit polling and vote count data to the National Election Pool, a consortium consisting of ABC News, CBS News, CNN and NBC News. Reuters has an agreement with NEP/Edison to distribute exit polling and vote count data to clients. The Associated Press has a separate polling and vote count operation and makes its own projections. Fox News relies on data from the AP and the University of Chicago's NORC to inform its projections.

☆ Biden's student-loan forgiveness is at risk. It may have helped stop a 'red tsunami' as Gen Z flocked to the polls to save their relief.
▼ + stars: | 2022-11-09 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

Student-loan forgiveness was a major policy that had support from the majority of young voters. While it's difficult to pinpoint what exactly may have caused this shift, opinions of young voters should be taken into consideration. Major issues like reproductive rights, climate change, and student-loan forgiveness likely helped with that turnout. Student-loan forgiveness is currently paused due to a ruling from the 8th Circuit Court of Appeals, in response to a lawsuit filed by six Republican-led states seeking to halt the debt relief. "The youth agenda is taking center stage in the Democratic party"Support for student-loan forgiveness is higher among young voters than the general public.

☆ Inflation, abortion and the exit polls
▼ + stars: | 2022-11-09 | by ( ) www.reuters.com time to read: +5 min

Midterm Polling What midterm voters care about, according to exit polls Inflation, abortion and the direction of the country were top of voters’ mindsVoters in the U.S. midterm election had a constellation of issues on their minds: inflation, abortion, crime, gun policy and immigration. Which ONE of these five issues mattered most in deciding how you voted today: Republicans Democrats 80% 80% 60% 60% 40% 40% Which ONE of these five issues mattered most in deciding how you voted today: Republicans 80% 60% 40% Democrats 80% 60% 40%InflationRepublican voters said by large margins that inflation was severely hurting them and their families. Republicans Democrats How do you feel about the Supreme Court decision that overturned Roe v. Wade: Which comes closest to your position? Abortion should be: Illegal in most cases Illegal in all cases 88% 92% Legal in most cases 40% Legal in most cases Legal in all cases 86% 58%BidenBiden himself was not on the ballot. But at the halfway mark of his presidential term, Republicans overwhelmingly believe that his policies are hurting the United States while Democrats think they are helping, according to the exit polls.

☆ Analysis: Abortion, Trump dashed Republican hopes for 'red wave'
▼ + stars: | 2022-11-09 | by ( James Oliphant | ) www.reuters.com time to read: +7 min

They wanted to protect abortion rights and stop candidates beholden to Republican former president Donald Trump. That surprised Democratic Party strategists and pollsters, who had expected inflation would trump everything, including concerns about the loss of abortion rights. Michigan voters approved a ballot issue that gave abortion state constitutional protection and re-elected Governor Gretchen Whitmer, who had vowed to “fight like hell” to protect abortion rights. Sydney Wright, an 18-year-old student at the University of Nevada, Reno, said she counts herself as a conservative but voted Democratic because of abortion. THE TRUMP FACTORLike Wright, Nyasha Riley, 37, a registered Republican in Phoenix, voted for Democrats because of abortion rights and Trump.

☆ Analysis: Abortion, Trump dash Republican hopes for 'red wave'
▼ + stars: | 2022-11-09 | by ( James Oliphant | ) www.reuters.com time to read: +7 min

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