US billionaires are overwhelmingly backing Donald Trump’s party in the 2026 midterm elections, with massive financial support flowing to Republican candidates. This surge in conservative donations comes amid a broader political realignment, as ultra-wealthy donors favor Republicans over Democrats. The trend is highlighted alongside other global developments, including US-China talks on AI risk mitigation and Canadian Prime Minister Mark Carney’s push for a unique Canada-EU alliance.

Meanwhile, the Dangote Petroleum Refinery is poised to become Africa’s largest IPO, potentially drawing millions of Nigerians into the stock market. These financial and political shifts underscore the growing influence of mega-donors in shaping electoral outcomes and policy direction in the United States.