Texas
Watch Texas. Especially watch the Senate race between Democrat James Talarico and Trump-backed Republican Ken Paxton.
Texas is a bright-red Republican state. Its Stetson-wearing inhabitants openly carry guns on their hips and year after year return a far-right Republican governor and legislature. A Democrat has not won a Senate seat since 1988.
For that reason, the prestigious election-watching Cook Report has consistently classed Texas as “lean Republican.” It has recently, however, changed its classification to a “toss-up.”
A big part of the change is cash. In America advertising wins votes. Advertising costs money so elections usually go to the candidate who has raised the most money. So far Talarico has raised $68.6 million—seven times the paltry $7.5 million raised by Paxton.
Texas’s other Senator, Republican Ted Cruz, has publicly said he is worried. So has Senate Majority leader John Thune. The reason for their concern is that holding Texas is now seen as vital if the Republicans want to retain control of the Senate.
Republicans are already under pressure in Maine, Michigan and Ohio, while Alaska and Iowa have also moved into toss-up territory. Democrats need a net gain of four seats to take control. If they can make the expected gains elsewhere, Texas could become the seat that tips the balance. If that happens then bright red Texas is all that stands in the way of a Democrat-controlled Senate, and, at the moment, opinion polls range from a dead heat to a slight lead for Talarico.
Paxton desperately needs money, and it may be riding over the horizon next week in the form of Donald Trump. The President’s MAGA Inc. Super PAC is sitting on a staggering $403.45 million. Even a fraction of that could transform Paxton’s campaign. Elon Musk has already started the cavalry charge: his America PAC has spent nearly $250,000 supporting Paxton.
Next week Trump rides into Dallas for the Republican Party’s first mid-term convention. It would be the perfect stage on which to announce a major financial intervention. The problem is that Trump has so far proved remarkably reluctant to open his enormous political wallet for other Republican candidates. But if he lets Paxton go under, he could help lose the Senate as well as the House.
United States
This week a new set of US tariffs took effect. They range from just under 25 percent to 100 percent and have been slapped on the importation of drones.
The official reason for the tariffs is national security. In the normal course of events this explanation would have been accepted without question. Drones have become an essential part of the country’s defence network and currently a big chunk of America’s drones come from China.
But there is much, much more to the story and it involves Eric Trump and Don Trump Jr who stand to financially benefit—big time—by the tariffs.
But there is much more to the story. Eric Trump and Donald Trump Jr. have investments linked to four US-based drone manufacturers — Anduril, Unusual Machines, Powerus and XTEND — all operating in a sector that stands to benefit from the new tariffs. Donald Trump Jr. became a strategic adviser to Unusual Machines in 2024 and was awarded 200,000 shares for his services, worth roughly $1 million at the time of a Forbes valuation in 2025. After the tariffs were announced the share price of Unusual Machines jumped 24 percent.
The potential conflict of interest has already attracted political scrutiny. A group of Democratic legislators led by Senator Elizabeth Warren has asked the Pentagon’s Inspector General to investigate 15 defence companies backed by funds associated with the Trump sons. According to the Washington Post, those companies have received at least $3.2 billion in federal contracts, investments and loans.
France
This week French President Emmanuel Macron crossed the English Channel (which the French call La Manche, or “The Sleeve”), to open the Bayeux Tapestry exhibition at the British Museum.
He then travelled across London town to Downing Street to become Prime Minister Andy Burnham’s first foreign visitor. The visit had major symbolic as well as practical reasons.





