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Yahoo
4 minutes ago
- Yahoo
Democrat J.D. Scholten drops out of Iowa's 2026 US Senate race and endorses Josh Turek
Democratic U.S. Senate candidate J.D. Scholten is dropping out of Iowa's 2026 Senate race and endorsing Josh Turek. Scholten, a state representative from Sioux City, was one of the first Democrats to jump into the race in early June against Republican U.S. Sen. Joni Ernst. He's the first Democrat to end his campaign, and his endorsement goes to his fellow state representative from Council Bluffs, who is the latest contender to enter the race. In a statement, Scholten said "we can't sit idly by while health care is ripped from millions of Americans," adding that he believes "there's no better Democrat in Iowa" than Turek to talk about health care. "From the very beginning, I thought a prairie populist athlete from western Iowa would be the best candidate to win in the general election," Scholten said. "I still do, but instead of me, I have complete confidence that Josh Turek can take this on. That's why I am suspending my campaign and endorsing him. As his friend, I'm proud to support him." Scholten, a minor league baseball pitcher, and Turek, a former Paralympian who won two gold medals in wheelchair basketball at the Paralympic Games, were both elected to the Iowa House in 2022 and have become friends. "I am honored to have the support of J.D.," Turek said in a statement. "Over the last several years, J.D. and I have fought alongside one another in the state Legislature to lower costs for Iowa's families, to make health care more affordable and accessible, to make housing more affordable and to make life a little bit easier and a little bit better for Iowa's families. We have an incredible opportunity to beat Joni Ernst in 2026, and I'm proud to join forces with J.D." Scholten's announcement is the first sign of consolidation in the Democratic primary, which has steadily grown over the past few months. State Sen. Zach Wahls, former Knoxville Chamber of Commerce Director Nathan Sage and Des Moines School Board Chair Jackie Norris are also seeking the Democratic nomination. Scholten, who previously ran twice for Congress in Iowa's 4th District, raised far less money than his competitors in the second quarter of the year, taking in just over $175,000. More: US Sen. Joni Ernst barely outraises Iowa Democratic challengers but has more cash on hand Sage raised $709,000 in the same timespan, while Wahls raised $656,000 despite launching his campaign less than three weeks before the fundraising deadline. Norris announced her campaign in August and has not had to report her fundraising. Turek entered the race Aug. 12 with a campaign launch video that features him crawling up stairs and dragging his wheelchair behind him to speak to a voter. He said he plans to focus his campaign on "kitchen table issues," including health care. He and Scholten are set to appear at a rally together at 6:30 p.m. Monday, Aug. 18, in Council Bluffs. In a news release, Wahls said he would tour an ironworking apprenticeship program on Aug. 18 and announce "a major endorsement." More: 'Bring it on,' US Sen. Joni Ernst says of crowded field of Democratic challengers The Democrats are seeking their party's nomination to take on Ernst, who is up for reelection in 2026. Ernst has not formally announced that she will seek a third term this year, but speaking at a Republican breakfast meeting on Aug. 13, she told her Democratic challengers to "bring it on." Stephen Gruber-Miller covers the Iowa Statehouse and politics for the Register. He can be reached by email at sgrubermil@ or by phone at 515-284-8169. Follow him on X at @sgrubermiller. This article originally appeared on Des Moines Register: Iowa Democrat J.D. Scholten ends Senate campaign, endorses Josh Turek
Yahoo
4 minutes ago
- Yahoo
Zelenskiy heads back to Washington (with friends)
LONDON, August 18 (Reuters) -A look at the day ahead in U.S. and global markets by Dhara Ranasinghe, European Financial Markets Editor After Donald Trump and Russian President Vladimir Putin's gathering in Alaska, it's now Ukraine President Volodymyr Zelenskiy and European leaders' turn to meet the U.S. President. They're all gathering on Monday to map out a peace deal to end the war in Ukraine. Unsurprisingly, the response from financial markets to Friday's Alaska summit has been muted, to say the least. Oil prices, the euro and Ukraine's bonds are little changed. * The fear (from Europe) is that Trump could try to pressure Kyiv into accepting a settlement favourable to Moscow. Zelenskiy has already all but rejected the outline of Putin's proposals, including for Ukraine to give up the rest of its eastern Donetsk region, of which it currently controls a quarter. Analysts reckon a ceasefire remains some way off, meaning geopolitical tensions remain a potential headwind to otherwise pretty buoyant world stock markets. * Markets will likely be on alert for any sign of deterioration in Trump's further talks with Putin. Especially those that might prompt the U.S. president to impose secondary tariffs targeting Russian energy trading, say with India. In an opinion piece published in Monday's Financial Times, White House trade adviser Peter Navarro said India's Russian crude buying was funding Moscow's war in Ukraine and had to stop. * Trump's meeting with Zelenskiy in Washington is one key gathering markets have their eye on this week. The other, the Federal Reserve's annual central bank conference in Jackson Hole, Wyoming, takes place later this week. Fed chief Jerome Powell's speech there on Friday is expected to be his valedictory speech before his term ends next May. In Mike Dolan's column today, he looks at what could disturb the eerily calm credit markets. Today's Market Minute * Ukraine's Volodymyr Zelenskiy and European leaders will meet Donald Trump in Washington on Monday to map out a peace deal amid fears the U.S. president could try to pressure Kyiv into accepting a settlement favourable to Moscow. * India aims to slash taxes on small cars and insurance premiums as part of a sweeping reform of its goods and services tax (GST), a government source said on Monday, as Prime Minister Narendra Modi's plan sparked a rally in stock markets. * Hong Kong's debt-laden developers and their creditors are set to face intensifying financial pressure as bond maturities are slated to jump by nearly 70% next year amid falling sales and valuations for the city's economically crucial property sector. * China's refiners lifted their processing rates in July, they are still likely adding to their stockpiles, which will allow them to trim imports should prices rise to levels they believe are not justified by market fundamentals. * News that Chinese battery giant CATL has suspended operations at its giant Jianxiawo mine has lit a fire under the lithium market, writes ROI columnist Andy Home. Chart of the day Although stock markets across the globe are at or near world highs, analysts say a ceasefire scenario is not yet priced in. So if there was any sign of a movement in that direction, risk assets - especially European shares - would be in a good position to rally further. Today's events to watch * Zelenskiy meets Trump in Washington * U.S. bills auction


E&E News
6 minutes ago
- E&E News
Trump threatens to use tariffs to derail global climate measure
The Trump administration is preparing to use tariffs and travel bans as reprisals against countries that support an upcoming agreement to put fees on shipping pollution. Those moves, outlined in an email to POLITICO's E&E News, provide the first details about how President Donald Trump plans to retaliate against nations that vote to approve an international agreement establishing climate pollution standards on cargo vessels. The measure is scheduled to be voted on in October by members of the United Nations International Maritime Organization. 'We are actively exploring and preparing to act on remedies, including tariffs, visa restrictions, or port levies should this effort succeed,' a State Department spokesperson said in the email. Advertisement Secretary of State Marco Rubio and three other Cabinet members threatened last week to use reprisals against countries that support the agreement, as part of an effort to derail or weaken the climate measure. This is the first time the administration has outlined the punitive steps it plans to take.