Donald Trump wins presidency, GOP reclaims U.S. Senate majority

Republican Donald Trump was elected the 47th president of the United States on Wednesday, an extraordinary comeback for a former president who refused to accept defeat four years ago, sparked a violent insurrection at the U.S. Capitol, was convicted of felony charges and survived two assassination attempts.

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With a win in Wisconsin, Trump cleared the 270 electoral votes needed to clinch the presidency.

The victory validates his bare-knuckle approach to politics. He attacked his Democratic rival, Kamala Harris, in deeply personal — often misogynistic and racist — terms as he pushed an apocalyptic picture of a country overrun by violent migrants.

The coarse rhetoric, paired with an image of hypermasculinity, resonated with angry voters — particularly men — in a deeply polarized nation. As president, he’s vowed to pursue an agenda centered on dramatically reshaping the federal government and retribution against his perceived enemies.

Republicans also reclaimed control of the Senate on Tuesday, picking up seats in West Virginia and Ohio.

Control of the U.S. House remained unclear. Undecided House races that could decide the chamber’s majority are focused in New York and California, where Democrats are trying to claw back some of the 10 or so seats where Republicans have made surprising gains in recent years.

If Democrats wrest control of the House, it would provide an almost certain backstop, with veto power over the White House.

Trump, speaking early Wednesday at his election night party in Florida, said the results delivered an “unprecedented and powerful mandate” for Republicans.

He called the Senate rout “incredible.” And he praised House Speaker Mike Johnson, who dashed from his own party in Louisiana to join Trump. “He’s doing a terrific job,” Trump said.

Futures markets in the U.S. surged early Wednesday, with the Dow climbing 2.85% and the S&P 500 rising nearly 2%.

Bitcoin, which many see as a winner under a Trump presidency, hit all-time highs above $75,000.

Tesla, the company run by Trump surrogate Elon Musk, spiked 12% before the opening bell while other electric vehicle makers slumped.

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Banking stocks also moved solidly higher, with expectations of a pullback by regulators overseeing markets under Trump.

Despite major losses for Democrats in the Senate and White House, the party’s central campaign issue surrounding protecting reproductive rights fared much better across the country as abortion rights advocates won on measures in seven states.

The last state to pass such a measure by early Wednesday was Montana, where abortion rights advocates pushed to enshrine abortion rights until fetal viability into the state constitution as a safeguard against future rollbacks. Though there’s no defined time frame, doctors say viability is sometime after 21 weeks.

In three others — Florida, Nebraska and South Dakota — voters rejected measures that would have created a constitutional right to abortion.