Paxton Dominates Texas Primary; US-Iran Optimism
From Bloomberg Daybreak: US Edition by Bloomberg
May 27, 2026 · 15 min
About this episode
The episode discusses Ken Paxton's victory in the Texas primary, US-Iran peace deal optimism, and S&P 500 growth predictions.
Today's top stories, with context, in just 15 minutes. On today's podcast: 1) Texas Attorney General Ken Paxton won the state's Republican Senate runoff, defeating incumbent John Cornyn with approximately 63% of the vote. Paxton will face Democrat James Talarico in the November election, and Talarico has released a video focusing on Paxton's 2023 impeachment by the Texas House of Representatives. Republican leaders in Washington will have to decide how much to spend to back Paxton, who has significant baggage, including a history of scandal, to ensure the Texas seat stays in GOP hands. 2) There is some optimism that the US and Iran will reach a peace deal despite fresh hostilities and uncertainty over the vital Strait of Hormuz. The strait remains essentially shut, subject to blockades by the US and Iran, but at least two non-Iranian supertankers exited the chokepoint on Tuesday. Secretary of State Marco Rubio has cautioned that any peace pact would likely take a few days to finalize. Meanwhile, US forces hit targets near the strait, while the Islamic Revolutionary Guard Corps said it fired at multiple US aircraft after they entered Iranian airspace. 3) Strategists at Goldman…
People in this episode
Host: Bloomberg
Topics covered
- Texas politics
- US-Iran relations
- S&P 500 forecast
- AI impact on earnings
- Republican primaries
Keywords
- Ken Paxton
- Texas primary
- US-Iran relations
- S&P 500
- Goldman Sachs
- AI earnings
Mentioned in this episode
Organizations: Goldman Sachs Group Inc., Morgan Stanley, Deutsche Bank AG
Places: Texas, Strait of Hormuz
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