Wave Goodbye to a Republican Congress

Key Points:

• Israel's elections today present a tight race between Prime Minister Benjamin Netanyahu’s Likud party and former military chief Gadi Einsenkot’s Yashar party, with voter turnout at a 50-year high; meanwhile, Democrats party’s Yair Golan survived an apparent assassination attempt on election day.
• In the U.S., Democratic prospects look strong ahead of the midterm elections, with polls showing a significant lead in the generic ballot and early voting trends favoring Democrats; the House is expected to flip, and the Senate is very likely to do so.
• The Justice Department filed criminal charges against former FBI Director James Comey related to alleged leaks in 2016, a move seen as a procedural stretch and widely criticized as politically motivated; Comey and his lawyers have pledged to fight the charges.
• In Mississippi, the Senate race between incumbent Republican Cindy Hyde-Smith and Democrat Scott Colom is unexpectedly competitive, with a newly launched ad by a Republican primary challenger potentially influencing GOP voters and significant campaign spending from both parties.
• AI company Anthropic revealed massive financial commitments and losses ahead of its IPO, highlighting the high-risk investment in AI infrastructure with $16.3 billion revenue but an $80.7 billion net loss in the first half of the year, raising questions about the sustainability of the AI market boom.