2026 Midterm Election Winners and Losers
Democrats won control of both the House and Senate in Tuesday's 2026 midterm elections, shifting power in Washington and creating new winners and losers across politics, business, and policy. The Democratic sweep was fueled by voter concerns over the cost of living, with candidates emphasizing affordability on housing, groceries, and gas. The result undercuts Republican priorities and sets up a divided government with President Donald Trump, who acknowledged voters were unhappy with gas prices. Elon Musk, who spent over $400 million supporting Republicans, was a major loser as his preferred Texas Senate candidate was defeated. AI companies face increased scrutiny from Democrats on data center energy use, while stock futures fell sharply and Trump's promised $5,000 dividend checks now appear unlikely.