Paxton Defeats Cornyn in Texas Republican Senate Runoff
Texas Attorney General Ken Paxton defeated four-term Senator John Cornyn for the Republican nomination after receiving an endorsement from Donald Trump. Paxton now faces Democratic state Representative James Talarico in a high-profile race that could determine the balance of power in the Senate.
Texas Attorney General Ken Paxton defeated incumbent United States Senator John Cornyn in a Republican runoff late Tuesday, securing a landslide victory backed by Donald Trump. The win does not oust a four-term veteran but shifts the Republican establishment to defend a controversial candidate in a traditionally red stronghold. For investors, the result signals a costly shift in campaign spending that may divert hundreds of millions of dollars away from traditional swing-state battlegrounds.
