Clash Report: NEW: Netanyahu calls for a broad national government led by Likud and warned that a left-wing government relying on Arab parties would “dismantle” Israel from within.

NEW: Netanyahu calls for a broad national government led by Likud and warned that a left-wing government relying on Arab parties would “dismantle” Israel from within.

Netanyahu said radical Islam threatens Israel from the outside through Iran and its proxies, and from within through Islamist parties of terror supporters.

He said a government dependent on those parties will not fight our enemies, it will simply dismantle us from the inside. This is a matter of life and death.

He accused the leaders of the left-wing bloc of trying to form a narrow minority government that relies on these terror supporters, and of setting impossible conditions to block a broad national government.

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Harvard Medical School: Medicare Spending Rises After Private Equity Buys. Comment: Watch this space especially nursing homes, care homes, childcare, hospice care

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Medicare Spending Rises After Private Equity Buys Hospices

Longer stays suggest a shift toward patients who need less daily care

Research 3 min read

By JAKE MILLERNovember 2, 2026

At a glance

  • Researchers compared 191 for-profit hospices acquired by private equity firms between 2018 and 2022 with 1,305 similar for-profit hospices that were not.
  • After acquisition, Medicare paid $993 more per hospice stay relative to comparison hospices, a 5.9 percent increase from a baseline of $16,922.
  • Average length of stay increased by 6.3 days and patients were more likely to be discharged alive from private equity hospices, with no increase in services provided.
  • Patients with dementia were admitted more, suggesting that the private equity hospices may have shifted toward patients who need less daily care, which is more profitable under Medicare’s flat daily payment.
  • The authors say that changing the payment system could reduce that incentive.

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A federally-funded study of for-profit hospices acquired by private equity firms found that Medicare spending rose by 5.9 percent per hospice stay after acquisition, compared with similar for-profit hospices that weren’t acquired. The increase was driven mainly by longer stays, with the average length of stay rising by 6.3 days. This was likely related to shifts toward patients who use less daily care, including a significant increase in the share of patients with dementia, consistent with a larger share of patients discharged from hospice alive.

Medicare pays hospices a set daily fee regardless of how much care a patient needs. The researchers found no increase in services at private equity-acquired hospices, and instead fewer social work visits. Specifically, there were no increases in physician, nurse, or home health visits that may have kept patients alive longer. This suggests the increased length of stay and live discharges may be partly due to a shift toward patients who need less ongoing care, beyond what other for-profit hospices were already doing, the researchers said.

The findings are published in the November issue of Health Affairs.

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“The goal of hospice is to provide respectful, person-centered care that helps terminally ill people approach end of life with dignity, while minimizing pain and suffering,” said senior author Zirui Song, associate professor of health care policy in the Blavatnik Institute at Harvard Medical School and HMS associate professor of medicine at Massachusetts General Hospital, where he is a general internist. “For patients and their families, this comes at a stressful time in their lives, and we have a responsibility to make sure the system works well for all of the people who need it and that it is financially sustainable for our aging population.”

Nearly half of the people who die in the United States are Medicare beneficiaries who use hospice, and up to a quarter of Medicare spending occurs in the last year of life.

Private equity’s growing role in hospice

Over the past two decades, U.S. hospice ownership has shifted from mostly nonprofit to nearly three-quarters for-profit, and private equity firms are now the fastest-growing type of owner. In a typical private equity deal, a firm buys a company with a mix of money from investors and borrowed money. The debt is usually assigned to the company that is purchased, which must then generate revenue to pay it down, plus interest. Firms also have strong incentives to repay investors quickly, which requires additional revenue.

Song’s previous work on private equity has shown that private equity ownership in health care has been associated with concerning changes in hospitals and physician practices, including increases in Medicare spending, decreases in physician workforce, and increases in adverse health outcomes, including death, likely related to staffing cuts.

For this study, the researchers wanted to see what happens to care and costs when a hospice that was already for-profit is acquired by private equity. Since both kinds of hospices serve the same population under the same payment system and with a profit motive, would there even be any difference?

The researchers used Medicare fee-for-service claims to compare 191 hospices newly acquired by private equity firms between 2018 and 2022 with 1,305 matched control hospices that were for-profit but not owned by private equity firms. The study looked at the two years before and the two years after each acquisition to see what changed, and it compared that to how things changed in the control group.

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The research showed there were significant differences. Underlying the increase in spending, patients at hospices acquired by private equity stayed in hospice longer than patients at control hospices. A smaller share had very short stays of less than a week, more stayed longer than six months, and patients were more likely to be discharged from hospice alive.

A shift in which patients were admitted

There was also a change in the mix of patients admitted to hospices after acquisition by private equity. The share of patients with dementia rose from 22.6 percent to 23.8 percent, while the share at control hospices did not change.

In the study, the two biggest groups of patients in hospice were people with dementia and people with cancer. Medicare pays the same daily fee for a patient with dementia whose decline is gradual and who needs relatively few services as it pays for a person with cancer who needs frequent visits and complex pain management. The cost of those services and provider visits comes out of the daily fee.

The researchers checked to see if the longer stays and live discharges could be explained by a difference in the care delivered. Did hospices provide more services after private equity acquisition? The answer was no. There was no significant change in total visits or time spent on visits per week, and if anything, the patients received fewer social work visits.

The more likely explanation for the longer stays and live discharges was a shift toward admitting patients who required less care, Song said.

“That makes sense from the point of view of a for-profit facility that looks to generate revenue under this payment system,” Song said. “The bigger question is whether that is the best payment model for meeting the needs of people who need hospice, or of ensuring that Medicare spending is sustainable.”

The researchers wrote that policy changes to Medicare’s hospice payment system may be warranted. One option is adjusting the daily fee by a patient’s clinical need. This could be based on patient diagnoses, similar to how hospitals are paid. However, although adjusting for patient risk could reduce the incentive to select lower-risk patients, it could also encourage coding to maximize payment, the authors caution. Other options include separating out fees for needed care, with monitoring to protect against unnecessary use or overbilling of services.

“As the population ages, we should make sure that high-quality hospice care is available for all the patients who need it, as well as sustainable for the Medicare program,” Song said.

Authorship, funding, disclosures

Sneha Kannan of the University of Pittsburgh was the first author of the study. Additional authors include Julia Driessen, Jeremy M. Kahn, and Catherine Mankiw.

This research was supported by grants from the National Institute on Aging (R01 AG097947), the Agency for Healthcare Research and Quality (R01 HS029467), and Arnold Ventures (20-04402).

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The Deep View: OpenAI challenges Google on its home turf

OpenAI challenges Google on its home turf
Not long ago, ChatGPT hit a wall the moment a question fell outside its training data. Today, it searches the web to answer almost anything, and that shift is winning over users.
At a fireside chat in New York City, Adam Fry, ChatGPT’s consumer product lead, shared that an internal OpenAI analysis found ChatGPT now handles roughly one fifth as many queries as Google, which has dominated search for decades. To put that in perspective, Google dominates about 90% of the worldwide search market, while its closest rival, Bing, has just over 5%. That means ChatGPT’s query volume would be more than three times Bing’s.
“What people came to ChatGPT to start, if you go back about two years, was really like writing help and coding help, and those wouldn’t be things that you really search for, but what we’ve seen over the last year is people have really sort of grown into all these other topics,” added Fry.
That growth is indicative of ChatGPT’s overall popularity, which has grown from one billion to 1.2 billion users in the last two months. Other features OpenAI has developed to continue to improve the ChatGPT experience have also continued to gain traction, such as voice mode, allowing users to naturally hold conversations with ChatGPT, which now has 250 million weekly active users, and image generation, which generates 1.5 billion images per week.
While the Voice Mode experience isn’t widely adopted, with only 20% of users relying on it, Fry explained it is important for the team to continue to build on it as users who start using voice mode continue to use voice mode and dictation for interacting with ChatGPT. A big bottleneck, Fry explains, is simply the user’s ability to  discover the tool, which OpenAI hopes to improve. Additionally, on Tuesday, OpenAI announced that Voice Mode is expanding to the ChatGPT Finances experience.
The improvements don’t end there, including the long awaited change in the works: finally combining the “Chat” and “Work” tabs. Currently, the two tabs add a layer of friction to make users choose between a conversation and a task, which can be confusing. Fry shared that OpenAI plans to bring them together into one interface, with the model inferring whether you want a quick reply or a longer, agentic task. TechCrunch has already reported that OpenAI is rolling out this redesigned experience to select users for feedback before it is rolled out widely, meaning that it could be coming to users soon.
While ChatGPT’s growth is likely due to the constant improvements that OpenAI makes to the user experience, it’s also worth mentioning a major change that could have had the opposite effect: ads. Realistically, nobody likes when ads are shoehorned into a platform, but OpenAI’s’ rollout of ads in ChatGPT has not seemed to hurt its user numbers. As a matter of fact, Fry explained that many people are finding it useful in certain settings, such as for hotel bookings, as it’s helping them find what they need more quickly. Part of this success, and what OpenAI has done really well, is putting a lot of thought into user intent, privacy and ad placement integrity, as my colleague Nat Rubio-Licht explains in a recent feature. For instance, the company claims it does not share any of your data with the ad companies, and ads are only shown on queries that seem appropriate, not of a sensitive matter. Ultimately, OpenAI understands what rivals like Meta seem to be missing: User trust is hard won and easily lost, and no amount of ad revenue is worth that cost. Getting ads right by nailing user trust and utility from the start only serves to aid OpenAI on its path to upending Google’s search dominance and becoming the go-to for consumer-facing AI.
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The Conversation: During the 30 years of the Troubles, policing in Northern Ireland was a major area of division. The Good Friday agreement brought big changes in policing and justice, including the creation of the Police Service of Northern Ireland. This replaced the Royal Ulster Constabulary (RUC), 25 years ago on November 4 2001.

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During the 30 years of the Troubles, policing in Northern Ireland was a major area of division. The Good Friday agreement brought big changes in policing and justice, including the creation of the Police Service of Northern Ireland. This replaced the Royal Ulster Constabulary (RUC), 25 years ago on November 4 2001.

At the time of the agreement in 1998, only around 8% of the RUC was Catholic – a community which made up roughly 40% of Northern Ireland’s population. While the IRA’s campaign to target and kill police officers undoubtedly deterred Catholic participation, so did the perceived unionist orientation of the organisation itself.

The agreement resulted in the Independent Commission on Policing, chaired by Conservative politician Chris Patten. This recommended a “new start” – a police service which would be representative and have the confidence of both communities.

Following radical structural and symbolic change, the police service has become arguably the most successful institutional achievement of the wider peace process.

Geraldine Gilroy in Blue Lights played by AOIBHEANN McCANN stands in front of a PSNI crest on a brick wall.
Blue Lights on the BBC has raised the profile of the PSNI for viewers outside Northern Ireland. Peter Marley/BBC/Two Cities Television

Changes included a new name, badge, and an extraordinarily expensive voluntary severance scheme (costing roughly £500 million). A time-limited recruitment strategy involved the appointment of new officers on a controversial 50% Catholic and 50% “other” basis.

Undoubtedly, the organisation has transformed from its RUC inheritance. At the time of writing, about 31% of police officers are Catholic.

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Evidence shows 91.5% of people in Northern Ireland feel safe in their community. And nearly three-quarters view the PSNI as effective in keeping areas safe. Around 92% of respondents felt confident contacting the PSNI if needed, and roughly 65% feel the police service represents their community. But importantly, unionists had more confidence in policing (73.8%) and nationalists less so (58.2%). The force also enjoys the backing of all political parties in Northern Ireland.

But policing is still buffeted by politics, both present and past and lower confidence among nationalists is indicative of concerns that remain 25 years after the Patten commission. A series of internal and external controversies have exacerbated this.

The resignation of PSNI chief constable Simon Byrne in 2023 was the result of a contentious and difficult series of events around the policing of a Troubles commemoration during a COVID lockdown. The organisation came as close as it ever has to being in complete crisis. The legacy of the past, concerns in the present and the still-divided Northern Irish community have all played a part.

In addition, Catholic applications are dropping precipitately and some political parties are calling for a “Patten II” amid concerns that the organisation has lost its way.

While the PSNI has been hoping for an application rate of around 50% from Catholics, only 26.7% of applications in a recent recruitment drive were from Catholics. As one young Catholic woman commented wryly during my research: “Sure, that’s not even a pass mark.”

My research with Jess Bonnan-White suggests several ongoing issues. They are organisational, rather than political. The most significant is its relationship – organisationally, historically and psychologically – with its RUC past.

Transformation and challenges

The incorporation of the RUC into the PSNI was a substantive issue when the service was created in 2001. Those who held an affinity to the RUC had argued for the preservation of its legacy. One outcome was that the RUC name was incorporated into the title deeds of the PSNI.

Transformation was obvious in the outward-facing sense – changes to the force’s name, symbols and uniform. But the RUC culture was preserved in the material reality of the police estate, commemorative medals, artefacts in the Newforge sports complex (which is still home to the RUC Athletic Association), and the norms and attitudes within the service.

It is perhaps the culture in which the past is most evident. As former PSNI chief constable George Hamilton said in 2019: “Around 80% of the current police service were never in the RUC, but when you … see the photographs on the walls, when you listen to the stories in the police canteen, you’d think it was the opposite.”

This pairing of outward change and internal continuity has created an inherent tension and a cultural confusion. At times, this has actively hampered the service’s transformation.

Additionally, high-profile inquiries, including into atrocities such as the 1992 Sean Graham bookmaker shop murders, and accusations of RUC collusion, have dogged the PSNI. As the RUC was incorporated into the establishment of the PSNI, it has been difficult to fully separate the old from the new.

Where are we now?

Since it was established, the PSNI has lost two officers to dissident republican violence. It is fortunate not to have lost more. Our research suggests that the murders of Catholic officers Stephen Carroll and Ronan Kerr, and incidents that were foiled have fundamentally altered the trajectory of how “policing with the community” can be implemented.

In returning to a security mindset, the PSNI has been unable to integrate itself authentically into both communities, as envisaged by the Patten reforms. Such attacks have also acted as a major disincentive to Catholic recruits, exacerbating the challenge within the nationalist community.

people marching on omagh holding posters reading 'not in my name' after the murder of catholic police officer ronan kerr in 2011.
A rally in the town of Omagh after the murder of Catholic officer Ronan Kerr in 2011. EPA/PAUL MACERLANE

A culture of fear internally and wariness externally have been compounded by organisational mistakes, such as the enormous 2023 data leak, which saw the names and roles of all staff briefly disclosed online.

For Catholics, policing can still mean alienation from their communities and families. There are also significant concerns internally about psychological safety – and worries that Catholic officers do not feel protected by the organisation.

Other fears – concerns around promotion and advancement, evidence of greater referrals of Catholic officers to professional standards, perceived inadequate transmission of intelligence to allow officers to keep themselves safe, as well as other forms of sectarianism – have come up in my discussions with officers.

Undoubtedly, the organisation faces significant structural problems. Brutal funding cuts, low officer numbers and a policing environment that is still volatile have all reduced the appetite for risk. While some of these challenges are common to policing in both Great Britain and the Irish Republic, the PSNI’s own research suggests that it has been hit much harder by financial cuts than comparative forces.

Despite these challenges, the PSNI has proved extraordinarily resilient. Ironically, the elements that underpinned this resilience – structures, history and organisational memory – have also been why it has struggled to build and maintain the confidence of the Catholic community.

The PSNI may have transformed from its RUC past, but it is still policing a divided society.

Author

  1. Joanne MurphyProfessor of Inclusive Leadership, Birmingham Business School, University of Birmingham, University of Birmingham

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Joanne Murphy does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

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Axios: The Trump obliteration

The Trump obliteration
 
Illustration of a pack of donkeys at a race
Illustration: Sarah Grillo/Axios
 
Make no mistake: Democrats won by epic, sometimes historic margins across red and blue states, up and down ballots, obliterating almost everything President Trump, and a Republican Party remade wholly in his image, built over the past decade in American politics, Jim VandeHei and Mike Allen write in a “Behind the Curtain” column.

Why it matters: Trump and Republicans are left with a mostly white, mostly old House and Senate minority, confronting a younger, more diverse ascendant Democratic Party with power and margins it hasn’t held in 18 years, since the dawn of the Obama era

📊 The results speak louder than any words we can write: Democrats won Senate races in Texas, Kansas, South Carolina, Ohio, and perhaps Mississippi en route to what could be a 55-seat majority. Democrats won swing districts all across red America, with national average margins of victory of roughly 13 points, according to a New York Times estimate. Dems appear headed for a 250+-seat majority, an 18-year high.Texas is now a Democratic state, top to bottom — unthinkable mere months ago. James Talarico crushed Ken Paxton (55% to 43%) like it was Connecticut. State Representative Gina Hinojosa will become the first Democratic governor of Texas in 32 years.Pastor Adam Hamilton is the first Democrat to win a Senate seat in Kansas in 94 years.North Carolina looks like a true-blue state after Democrats flipped the Senate seat and likely ousted Rep. Richard Hudson (R-N.C.), chair of the National Republican Congressional Committee (NRCC) — meaning he led the GOP drive to keep the House.North Carolina’s congressional delegation could swing from 10R-4D to 5R-9D. Georgia was even worse for Republicans, where they lost all power at the state and U.S. Senate levels.Florida Gov. Ron DeSantis (R) predicted on X that the losses were so widespread, so deep, so severe that Republicans might not “have a shot at Senate control until 2032.

“💡 How to think about last night more broadly: This is a 50-50 nation with fast, whiplash shifts in power at the federal level due to persistent discontent with the party in power. So, on one hand, this isn’t terribly surprising. On the other, Republican losses were so deep, so wide, so everywhere that it would be foolish to see this as anything but a massive repudiation of Trump, his agenda, his style, his rhetoric and his presidency.

If anything, what’s left of the Republican Party is more pro-Trump and less likely to challenge him. His critics, even the timid ones, were ousted long before the general election. So Republicans are left with two more years of riding a very unpopular leader managing a very unpopular war. A trapped, embarrassed Trump is even more unpredictable. Democrats have the numbers to investigate Trump, his family and supporters, and the power to set the agenda in the House and Senate.The bottom line: Voters nationally said government corruption was a “crucial issue” in their vote for Congress. Democrats will spend months trying to rehab a party that, despite its victory, remains deeply unpopular as a brand. Expect a vigorous fight between Mamdani-like socialists and Schumer-like center-leftists.
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2. 🌊 Blue tsunami breaks MAGA
 
Illustration of a giant blue wave with a repeated pattern of
Illustration: Aïda Amer/Axios. Stock: Getty Images
 
The 2026 midterms will go down as one of the most sweeping repudiations of a sitting president in modern American history, on a scale reminiscent of the post-Watergate reckoning of 1974, Axios’ Zachary Basu writes.

Democrats seized control of both chambers of Congress, on course to hold at least 54 Senate seats and potentially more than 255 in the House.

The wave swept deep into Republican territory, from Texas and Georgia to both Carolinas, flipping hundreds of legislative seats and delivering Democratic trifectas in the unlikeliest of states.

Democrat Abdul El-Sayed defeated Republican Mike Rogers in Michigan’s bitterly contested Senate race and will be the nation’s first Muslim senator.Cover: The New York PostTakeaways:

1. Texas turns blue: Democrats finally conquered the nation’s most coveted Republican stronghold — in a landslide so sweeping that even three-term Gov. Greg Abbott was driven from office.

Gina Hinojosa became the state’s first Latina governor, while James Talarico defeated Trump-backed Ken Paxton to become the first Texas Democrat elected to the Senate since 1988.

The Democratic onslaught extended across statewide offices and into the legislature after 32 years of GOP dominance.

2. Democrats storm Senate: What once looked like an impossibly difficult map for Democrats gave way to a historic rout, as Republicans watched their 53-seat majority crumble in states Trump carried by double digits.

Democrats broke a 94-year losing streak in Kansas, ousted Republicans in Ohio, Iowa and North Carolina, and captured South Carolina for the first time since 1998.

In Maine, Democrats finally toppled five-term Sen. Susan Collins after many failed attempts.

3. MAGA coalition collapses: The multiracial, working-class coalition that powered Trump’s 2024 comeback fractured spectacularly.

AP’s nationwide voter survey found roughly 70% of voters under 30 and 60% of Hispanic voters backed Democratic House candidates, amid widespread anger over the economy and the Iran war.

4. GOP House firewall crumbles: Democrats are on course for their largest House majority since 2009.Casualties spanned the entire GOP conference, from MAGA firebrands to battle-tested moderates. Even seats redrawn to shield Republicans from a blue wave fell to Democrats, turning Trump’s redistricting offensive into a spectacular miscalculation.Sen. Jon Ossoff (D-Ga.) arrives to deliver a victory speech at an election night party in Atlanta. Photo: Elijah Nouvelage/Bloomberg via Getty Images5.

2028’s winners and losers: Yesterday’s landslide elevated a new generation of Democratic contenders and cast a shadow over Vice President Vance’s presidential ambitions.

Georgia Sen. Jon Ossoff, whose race was called 15 minutes after polls closed, immediately vaulted into the top tier of Democratic prospects. Keisha Lance Bottoms’ historic victory for governor removed a key obstacle for both Ossoff and Sen. Raphael Warnock: She could appoint a Democrat to fill their seat if either became president.

Vance, Trump’s presumed political heir, now faces the fallout from a deeply unpopular Iran war and the collapse of a once-in-a-generation coalition he hoped would carry him to the White House.Share this story.
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3. 🥊 Susie Wiles: Foot on gas
 
Tweet screenshot by Donald J. Trump (@realDonaldTrump) with an American flag avatar and verification, reading:
Via Truth Social
 
White House chief of staff Susie Wiles made these remarks to senior staff gathered in her office last night, a person in the room tells me:“We’re going to take a page out of President Trump’s playbook and keep fighting for the American people. We will not stand by while radical Democrats try to undo the progress we’ve made by reopening our borders, making our communities less safe, and raising taxes on hardworking families. Anyone who thinks President Trump or this team is going to take our foot off the gas over the next two years is sorely mistaken. We know exactly what’s at stake, we know what we’re fighting for, and we have no intention of backing down. There is work left to do, and we intend to finish the job.”Via Truth Social

📱President Trump told The New York Times in a phone interview shortly before 10:30 p.m. ET that he’s “absolutely willing” to accept the results, and is prepared to work with Democrats:

“We’ll, you know, look forward to working with them … We’ll probably work something out.

“He called his decision to go to war with Iran a “very wise decision.

“On Republican Darline Graham’s stunning loss of her Senate race in South Carolina, Trump said: “I’m just looking at these results as I’m talking … I see that Darline lost. Wow, that’s amazing.

“Referring to Sen. Lindsey Graham, who died in July, Trump added: “How do you think Lindsey would have done if he ran?”
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Fortune: A Democratic Congress could curb the Iran war but not Trump’s tariffs, former ambassador says

A Democratic Congress could curb the Iran war but not Trump’s tariffs, former ambassador says

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Jay Ganglani

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November 3, 2026, 11:53 AM ET

Former U.S. ambassador to Vietnam Ted Osius speaking at the Fortune Southeast Asia 500 Summit on Nov. 3, 2026.

Former U.S. ambassador to Vietnam Ted Osius speaking at the Fortune Southeast Asia 500 Summit on Nov. 3, 2026.Lucas Schifres for Fortune

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As U.S. voters headed to the polls on Tuesday, former U.S. ambassador to Vietnam Ted Osius predicted that a Democratic-controlled Congress could curb President Donald Trump’s ability to wage war in the Middle East, but would likely struggle to unwind his tariffs.

The U.S. midterm elections could have major implications for both the Iran war and the global economy, Osius said at Fortune’s Southeast Asia 500 Summit in Ho Chi Minh City, Vietnam on Nov. 3.

“The Iran war is extremely unpopular in the United States, and it’s one of the factors that will be decisive in this election,” said Osius, who served as ambassador to Vietnam from 2014 to 2017. “I expect that Congress would use the power of the purse to curb the president’s ability to wage war in the Middle East.”

About 65% of Americans disapprove of how Trump is handling the U.S. military action in Iran, according to a Pew Research Center survey released on Oct. 8. The polling outfit noted that the war has been unpopular since it began; a March survey reported 61% disapproval of his handling of the conflict.

Most polling averages put the Democratic Party ahead of the Republican Party on the generic ballot; several independent forecasts suggest the Democrats will retake control of the House of Representatives, with control of the Senate being more uncertain.

Tariffs—Trump’s other signature foreign policy—would be harder to touch. “I don’t think we’ll suddenly go back to the status quo ante,” Osius said. “Unfortunately, it’s actually harder to unwind tariffs once you put them in place.”

A Democratic House and Senate might pressure the Trump administration into more predictable trade policy, but Osius conceded that tariff power “rests with the executive.”

Trump’s initial tariffs hit Southeast Asia harder than almost any other region in April 2025, with Vietnam in particular hit with a 46% rate, later cut to 20% in a deal, based on its large trade surplus with the U.S. Since then, Southeast Asian governments have launched negotiations with Washington to get tariffs reduced, offering to lower their trade barriers and to buy more U.S. products.

Since the Supreme Court’s Feb. 20 ruling that Trump’s tariffs imposed under the International Emergency Economic Powers Act, including his“Liberation Day” levies were unlawful, the administration has resorted to other justifications, including widespread duties imposed following allegations of forced labor and overcapacity.

Still, Osius predicted that a Democratic victory would show that Trump’s more coercive foreign policy doesn’t work. “When you sort of run a state like a mobster, it may work in the short term, but in the long term it doesn’t,” he said. “It’s much more effective, especially in this part of the world, to have predictable policies, and to show that rule of law and rules-driven trade works to everyone’s benefit.”

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U.S. protectionism hasn’t dented Vietnam’s growth. The Southeast Asian country grew almost 10% in the third quarter of 2026, following growth rates of 8.2% and 8.8% in the first and second quarters of the year, respectively.

More broadly, the Asian Development Bank expects developing Southeast Asia to grow by 4.7% this year and 4.9% in 2027.

Jens Lottner, the CEO of Vietnamese bank Techcombank, explained that exports were up 30% year-on-year despite the 12.5% tariff currently on Vietnamese exports to the U.S. “If you’re a bank, you’re a proxy on the economy,” he said. “We still have a couple of very good years ahead of us.”

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Amol Gupte, Asia South head at Citi, argued that global trade isn’t shrinking under Trump’s tariffs, but is instead being rerouted, often to Southeast Asia. “The aggregate amount of trade in the world is not really reducing; it’s just changing flows,” he said. “Exports from China to the U.S. have shrunk quite drastically, but China’s aggregate exports have not reduced—they’ve actually grown substantially.”

The region still sits at the center of several flashpoints. Lynn Kuok, the Lee Kuan Yew Chair in Southeast Asia Studies at the Brookings Institution, highlighted continued tensions over ownership of the South China Sea. “We see off Vietnam’s coast, for instance, a greater Chinese presence. And after a decade’s pause, China is actually starting its rebuilding of islands off the Vietnamese coast,” she said.

Kuok added that the blockage of the Strait of Hormuz has exposed a second vulnerability: the Strait of Malacca, the narrow passage between Malaysia and Indonesia through which much of Asia’s trade travels. Malaysia, Indonesia, and Singapore have all pledged to keep the strait open, but she warned that “a future more nationalist government might actually seek to close off the strait, or come under pressure from various powers to close off the strait.”

Kuok said members of the Association of Southeast Asian Nations (ASEAN) are invoking international law as a way to defend their interests without taking sides in the rivalry between Washington and Beijing. “They’re not choosing U.S. or China; they’re choosing principles of international law,” she said.

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Sky News’JD, habibi, swear me in.’

https://twitter.com/SkyNews/status/2117941126283895139/video/1

Abdul El-Sayed became the first Muslim elected to the Senate after a hostile campaign in which his religion was frequently highlighted by critics. Live blog: https://trib.al/8FfrPOB

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Iranian official Mehdi Tabatabaei has said the “world listened to the resounding message of the American people in the Senate and Congress elections,” after the Democrats took control of the US Congress from the Republicans.

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Iranian official Mehdi Tabatabaei has said the “world listened to the resounding message of the American people in the Senate and Congress elections,” after the Democrats took control of the US Congress from the Republicans.

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Trump’s Post-Midterm Iran Plan Is a Loser | Episode 14 Professor John Mearsheimer

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Times Radio: Trump Faces A ‘Very, Very Bad Night’: Andrew Neil Breaks Down Midterm Results

Nov 4, 2026“It is a bad, bad night for the Republicans.” The Democrats continue to make inroads and are likely to win both the House and the Senate “comfortably”, says Times Radio’s Andrew Neil. Read the best of our journalism: https://www.thetimes.com/ Listen live to Times Radio: https://www.thetimes.com/radio/live Subscribe to The Times and The Sunday Times YouTube channel: https://www.youtube.com/subscription_… Find us on Facebook: / timesandsundaytimes Find us on X: https://x.com/thetimes Find us on Instagram: / thetimes

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