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Texas GOP Primary Upends Senate Race

Attorney General Ken Paxton benefited from a late endorsement from President Donald Trump and enthusiasm from Republicans' MAGA voters to a historic blowout victory in the Senate primary runoff over incumbent John Cornyn. Bloomberg News Texas Bureau Chief Julie Fine and The New York Times Texas Bureau Chief David Goodman joined Christina Ruffini and David Gura on Bloomberg This Weekend to discuss how hard will the Republican establishment rally behind him after backing Cornyn in a bitter campaign that burned through more than $100 million? Many GOP leaders had argued that Paxton would be a weaker nominee because of his past legal and personal woes. But Senator Ted Cruz and Governor Greg Abbott quickly came out with statements supporting him. His opponent in November will be James Talarico, who's been building his war chest since winning the Democratic primary outright in March.

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Bloomberg

Hegseth Praises Asian Allies, Takes Swipe at NATO

US Defense Secretary Pete Hegseth praised defense allies in Asia and hailed newly stable ties with China, while taking swipes at longstanding security partners in Europe. Bloomberg's Singapore Editor-At-Large Haslinda Amin joined Christina Ruffini and David Gura on Bloomberg This Weekend to discuss the comments Hegseth made Saturday at an Asia security forum in Singapore, which are the latest sign of the Trump administration shifting attention toward the Indo-Pacific while expressing antagonism toward Europe and the NATO alliance.

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Bloomberg

Why Britain's Bond Market Is Sounding the Alarm

As political uncertainty grows in the United Kingdom, investors are increasingly focused on the country's fiscal outlook and rising government borrowing costs. Bloomberg Opinion Columnist John Authers says concerns over spending, debt, and political instability are pushing gilt yields higher, reviving memories of past market crises that helped topple governments from Harold Wilson to Liz Truss. With Britain's debt burden elevated and both major parties under pressure to spend more, the bond market is increasingly shaping the limits of economic policy. Authers argues the UK may be confronting fiscal pressures earlier than other advanced economies, offering a warning about the broader risks facing heavily indebted governments worldwide.

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