Veytics Intelligence
2026-11-04 · CNBC

Midterm Takeaways: Tech billionaires suffer horrible night as Democrats drub Republicans

Democrats took control of Congress Tuesday night, delivering a stinging rebuke to President Donald Trump and his economic record as voters voiced deep frustration with rising prices, government corruption and the AI data center build-out . The party scored an extraordinary pair of victories in traditionally Republican Texas. James Talarico defeated Ken Paxton, becoming the first Democrat elected to the U.S. Senate from the state in nearly four decades. Gina Hinojosa defeated three-term Gov. Greg Abbott, making her the first Democratic governor of Texas since Ann Richards left office in 1995.

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