News and market highlights

Control of the U.S. Senate is on the line in the 2026 midterms, with Republicans defending a 53-47 majority and Democrats needing a net gain of four seats to retake the chamber, according to 270toWin. Key battlegrounds include Maine, North Carolina, Georgia and Michigan, according to Race to the WH.

Ken Paxton, former Texas attorney general, faces Democrat James Talarico, a state representative, in what has emerged as an unusually competitive race for a Senate seat in a reliably Republican state, according to AP. Paxton won the Republican primary after surviving his 2023 impeachment and acquittal, while Talarico has sought to consolidate support from moderate and independent voters.

Anthropic, the maker of the Claude AI models, confidentially filed for a U.S. IPO with the SEC, according to Reuters. A prospectus reviewed by Reuters details the company's AI strategy, financials and infrastructure spending plans.