News and market highlights

The 2026 midterm elections are determining the composition of the next Congress, with Democrats needing to hold 235 or more House seats and 51 or more Senate seats for both conditions to be met, according to AP. Seat counts are based on the composition of Congress as of February 1, 2027, counting independents who caucus with each party toward their respective totals.

Los Angeles voters will decide whether to keep Mayor Karen Bass in office or elect City Councilmember Nithya Raman to lead the nation's second-largest city, according to the Associated Press. The race has centered on homelessness, public safety and affordability as the campaign heads into its final stretch.