May 26, 2026: Paxton Routs Cornyn in Texas Runoff, Hormuz in Focus, More
episodePreviously titled “Paxton Routs Cornyn in Texas Runoff, Hormuz in Focus, More” — renamed by the publisher on Aug 2, 2026
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Hello, I'm Stephen Carroll. I'm in Brussels, where many of Europe's biggest decisions get made.
And I'm Caroline Hepke in London. We're the hosts of the Bloomberg Daybreak Europe podcast.
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News when you want it. With Bloomberg News Now, I'm Doug Krisner. One of the most expensive races in the history of the U.S. Senate has been decided. Texas State Attorney General Ken Paxton has defeated incumbent Senator John Cornyn in a primary runoff. That's according to the AP. Paxton is the latest Trump-backed Republican to oust an incumbent who had crossed President Trump. Here is Paxton speaking to his supporters.
Let me be clear, this is not just my win, this is your win. We just proved that this Senate seat doesn't belong to Washington. It belongs to you, the hardworking men and women of this state.
Paxton was endorsed last week by President Trump. This underscores Trump's sway with Republican voters. Meantime, Senator John Cornyn conceded defeat.
There's a simple rule in elections, you've heard me say it before, and that is the candidate who gets the most votes wins. the party in the majority gets to govern and my hope is to keep my party in power
for generations. Now, Paxton will run against Democratic candidate James Tallarico in the November general election. Tensions between the U.S. and Iran have spiked after their military forces clashed overnight near the Strait of Hormuz. Now, the U.S. said it conducted self-defense strikes in southern Iran late Monday. Meantime, Iran's foreign ministry condemned the attacks as a violation of a ceasefire. And at the same time, Iran's supreme leader, Mostaba Khomeini, said the U.S. military bases in the Middle East will no longer be safe after the war. Now, at the moment, security in the Strait of Hormuz remains unclear. Former NATO Supreme Allied Commander James Trevita says the strait needs to be reopened as a part of the deal.
I've sailed that strait close to 100 times in command and as a junior officer. It's tough navigation when you're
before you get into drones attacking you and sea mines. So there's going to be a lot of work to do to get it open, but it has to be open.
That is retired Admiral James Trevitas, now a columnist for Bloomberg Opinion. Incidentally, Arab states, including Saudi Arabia, the UAE and Qatar, have urged President Trump to continue with diplomacy. Israel carried out airstrikes in Gaza City today, and hospital officials say at least three people were killed, 12 others injured. Israeli Prime Minister Benjamin Netanyahu said the strikes targeted the new leader of Hamas's military wing, Mohammad Odeh. President Trump had a physical exam today at Walter Reed National Military Medical Center, and in a post on Truth Social, Trump said he's in good health, but he provided no detail on the results of his exam. This was Trump's fourth public medical visit since the beginning of his second term.
Here is Bloomberg's Jeff Mason.
it takes a whole different level or generates a whole different level of scrutiny when you're as old as President Biden was and as President Trump is. And he's just about to turn 80 next month. So there's certainly a lot of interest in his physical health, his mental health. And he has described both as being
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