Donald Trump Wins By A Landslide

NEW YORK, Nov 6: Donald Trump thanked his supporters today and described it as a "magnificent victory for the American people" as he made one of the most stunning comebacks in the US political history with his win over Kamala Harris. He also referred to the July 13 assassination attempt and said "God spared my life for a reason".

The 78-year-old has secured more than 270 electoral college votes needed to defeat his opponent, incumbent Vice President Kamala Harris, in the US presidential election 2024. Trump has bagged 280 votes while Harris is at 224.

Describing the Republican campaign as the "greatest political movement of all time", Trump said, "We are going to help our country heal, fix our borders, we made history for a reason tonight. We have achieved the most incredible political win. I want to thank the American people. I will fight for you and your family with every breath in my body."

A massive factor in Trump's victory was the Republican sweep in seven swing or battleground states. From a 6-1 score in favour of Democrats in the 2020 polls, these seven states swung to a 7-0 advantage for Trump.
The Republican leader has already won five swing states -- Georgia, Pennsylvania, Wisconsin, North Carolina and Michigan -- and is leading in Arizona and Nevada.

What makes the Republican victory bigger is the fact that they have also taken control of the Senate and are leading in the election for the House of Representatives.

In his victory speech, Trump thanked his supporters, running mate JD Vance, wife Melania Trump and his children for their support in what has been a challenging campaign. He also gave a shoutout to Tesla CEO and X boss Elon Musk, who has been voicing support for Trump.

Modi Dials Trump After His Record Win

NEW DELHI, Nov 6: Prime Minister Narendra Modi dialled President-elect Donald Trump to congratulate the American leader on winning the fiercely contested US presidential election. Both leaders agreed to work together for world peace, sources said.

Trump in his victory speech today said one of the first things he would do is to stop wars. India, too, is a trusted mediator of both the West and Russia in calling for peaceful negotiations to end the war in Ukraine.

President-elect Trump conveyed in the phone call that "the whole world loves Modi", and that India is "a magnificent country" and Modi is a "magnificent man", sources said.

Trump told Modi that he considers him and India a true friend, sources said, adding Modi was one of the first world leaders Trump spoke to after his victory.

India is no stranger to Trump's style of working. Both nations have seen ups and downs during Trump's last reign as US President from 2016 to 2020. While Trump had been supportive of India on the fight against global terrorism, the billionaire businessman had been extremely tough on tariffs on American goods.

Trump's new presidency is likely to open new opportunities for India though certain sectors, especially pharma and IT, may face the heat if he decides to impose restrictions on imports and H1B visa regulations.

Trump's 'Day 1' Promise To Shut Clean Energy Projects Send Stocks Tumbling

WASHINGTON, Nov 6: Donald Trump's pledge to stop renewable energy projects on "day one" of his potential presidency has sent shockwaves through the industry, causing renewable energy shares to plummet. “We are going to make sure that that ends on day one,” Trump said about offshore wind farms.

According to a report, the world's largest offshore wind developer Orsted fell as much as 14 per cent while wind turbine makers Vestas and Nordex traded down around 11 per cent and 7.5 per cent respectively.

This isn't Trump's first rodeo with renewable energy; in his previous campaign, he claimed that solar panels require massive spaces, like entire deserts, to generate energy. However, according to the Solar Energy Industries Association, the actual land requirement for solar panels is relatively small, with most utility-scale solar operating today taking up less than 600,000 acres.

If Trump follows through on his promise, it could have significant implications for the renewable energy sector as he might try to eliminate or reduce tax credits for renewable energy projects, which could cripple the industry's growth.

He could dismantle environmental regulations put in place by the Biden administration, making it easier for fossil fuel companies to operate.

A Trump presidency could lead to a shift in energy policy, prioritising fossil fuels over renewable energy sources.

Trump has vowed to end the electric vehicle mandate, which could harm the EV industry and its related infrastructure. Donald Trump's stance on electric vehicles has taken a dramatic turn.

Just last December, he posted on Truth Social that EV supporters should "rot in hell". However, after talks with Elon Musk, Tesla's CEO and the world's richest man, Trump suddenly softened his tone. Now, he claims to be "for electric cars" and thinks they're suitable for "a small slice" of the population.

At a recent rally, Trump admitted that his change of heart was largely due to Musk's endorsement. "I'm for electric cars - I have to be, because Elon endorsed me," Trump said. "I have no choice". This shift is quite surprising, considering Trump's history of criticising electric vehicles, even calling them a "hoax".

It's essential to note that Trump's ability to implement these changes would depend on various factors, including congressional support and potential pushback from states, businesses, and activists. Nevertheless, the uncertainty surrounding Trump's energy policies has already caused concern among renewable energy investors and proponents.

Solar stocks are plummeting due to concerns that a second Trump presidency could jeopardise the Inflation Reduction Act, a crucial legislation that has driven a clean energy surge in the US by offering tax incentives to boost solar power. The act has been instrumental in fuelling growth in the renewable energy sector.

Republicans Win Control Of US Senate

WASHINGTON, Nov 6: Republicans won control of the US Senate with victories in West Virginia and Ohio on Tuesday, ensuring that Donald Trump's party will control at least one chamber of Congress next year.

Neither party appeared to have a clear advantage in the battle for the House of Representatives, which Republicans now control by a narrow margin.

But Tuesday's results ensured Republicans would be able to help Trump appoint conservative judges and other government personnel if he wins the presidential race, or block much of Democrat Kamala Harris's agenda if she prevails.

Republican Jim Justice was projected to win an open Senate seat in West Virginia shortly after polls closed, taking over the seat previously held by Joe Manchin, a Democrat-turned-independent. In Ohio, multiple U.S. media outlets projected that Republican Bernie Moreno would defeat incumbent Democrat Sherrod Brown.

Those two victories ensured Republicans will hold at least a 51-49 majority in the Senate, with further gains possible as results in other competitive races come in.

Republicans also posted gains as they sought to retain control of the House, which they currently control by a narrow 220-212 majority.

They picked up three seats from Democrats in North Carolina, where they had redrawn district lines to bake in their advantage, while Democrats won control of a Republican-held seat in Alabama that had been redrawn to comply with a U.S. Supreme Court order to create a Black majority district.

Democrats now need to flip at least six seats to take control of the 435-seat chamber.

Voters made history in Delaware, where they elected Democrat Sarah McBride as the first openly transgender member of Congress.

As in the presidential election, the outcome will likely be determined by a small slice of voters. Fewer than 40 House races are seen as truly competitive.

Republicans stand a chance to widen their Senate majority further if they win in Montana, where Democrat Jon Tester faces a tough reelection battle, and prevail in several competitive Midwestern states. But they are unlikely to end up with the 60-vote majority needed to advance most legislation in the chamber.

In Texas, incumbent Republican Ted Cruz was projected to win reelection, holding off Democrat Colin Allred.

In Nebraska, Republican Senator Deb Fischer was holding off a surprisingly strong challenge from an independent candidate, Dan Osborn, who has not said whether he would line up with Democrats in the Senate if he were to win.

The Senate was set to see two Black women serving simultaneously for the first time, as several media outlets projected Democrat Angela Alsobrooks would win in Maryland, and Democrat Lisa Blunt Rochester won in Delaware.

The outcome was still up in the air in the House, despite Republicans' gains in North Carolina. Analysts say Democrats could easily pick up enough seats to win control of the chamber, though there are no signs of a "wave" election, akin to 2018 or 2010, that would result in a decisive shift in power.

With at least 200 seats safe for each party, the winning side will likely end up with a narrow majority that could make governing difficult. That has been evident in the past two years as Republican infighting has led to failed votes and leadership turmoil and undercut the party's efforts to cut spending and tighten immigration.

Tight races in the heavily Democratic states of New York and California could determine House control, though the final outcome may not be known for several days as California typically takes several days to count its ballots.