According to CNBC, Democrats took control of Congress Tuesday night, defeating Republican candidates in key races and dealing a setback to tech billionaires and corporate groups that spent hundreds of millions of dollars backing Republicans supportive of AI data center projects. Elon Musk, the cycle’s largest individual political donor, spent record sums to help Republicans retain power, including in Texas, but Democrats won major Texas races: James Talarico defeated Ken Paxton for a Senate seat, and Gina Hinojosa defeated Gov. Greg Abbott. Hinojosa had campaigned to pause new data center projects until Texas adopts tougher rules; Republicans retain control of the state Legislature. Dow futures fell and S&P 500 futures slipped Tuesday evening as Democratic gains became clear.